AdmitKard, an edtech platform that simplifies accessing higher education abroad, has raised $3.3 million in a fresh round. This is the second round for the Noida-based company in a gap of nine months.
Admitkard has passed a special resolution in their extraordinary general meeting for issuance of 42337, CCPS at issue price of Rs 5905 per share at consideration of Rs 25 crore, regulatory filings show.
New and existing investors have put in Rs 25 crore for 20.68% of the share capital of the company. As per Fintrackr’s estimates, the shareholding of the promoters reduced to 50.99% after this round of allotment.
Five year old AdmitKard helps students apply to more than 1,000 universities and colleges in countries including US, UK, Canada, Australia, and New Zealand.
Founded by Piyush Bhartiya and Rachit Agrawal, the startup claims to have served students from 26 states in India and from other countries, including Sri Lanka, Nepal, Afghanistan, Nigeria, and Vietnam.
In July last year, it had raised Rs 10 crore in its pre-Series A round led by founders of edtech platforms such as Vedantu, upGrad, Unacademy, DoubtNut, Avanti. Other individual backers such as Pankaj Chaddah, Suhail Sameer, Dhruv Dhanraj Bahl and Vijay Arisetty had also participated in it.