Advizo, an online marketplace for finding, comparing and enrolling among the best institutions for competitive exam preparation, has amassed 150,000 in the Angel Round! Ventures Angel Platform.
According to the official statement, the proceeds will be used to expand the technology, gain more users, strengthen the technology and sales team, and expand to more cities. The startup plans to hire more than 650 new employees over the next 6 months.
Founded in 2018 by IIT alumnus Ravi Nishant, Advizo enables organizations to put more students through their platform with less effort, time and money in marketing and branding. Advizo claims to be working on its platform with 3,100 organizations, more than 73,500 registered and more than 140,000 registered users.
Commenting on the new fund, Edivizo founder Ravi Nishant said,
“Despite all the challenges we faced in the early days of the plague, we overcame the difficulties – relying on excellent teamwork and staying true to our core values. [of] Positivity This fundraising makes us excited about the opportunity to work with a vast network of investors! Undertaking. This will further accelerate our overall efforts to achieve our vision. “
Earlier, Advizo was part of Facebook’s startup program in 201 and in 2020, IIT Guwahati was the winner of the national level startup competition. He was duly approved by the Deputy Chief Minister of Karnataka and supported by the Union Minister of Education of India.
NLCEE conducts the largest national level general entrance exam for the awarding of Adivizo scholarships and registration for their partner institutions and is the only entrance exam in India whose results have been accepted by thousands of institutions for admission. More than 2 lakh students have appeared for the exam in the last two years.
Gaurav Karnik, O Venture Partner! The venture, he said,
“The ongoing epidemic has put a big spotlight on the Adtech sector, which is on the rise. Advizo has seen a steady increase in student enrollment as well as institutional partnerships. Search and comparison tools allow students to make informed decisions, on the other hand, marketing and branding It helps reduce the cost of building. Advizo’s dual-targeted approach allows for more revenue flows and growth, creating an interesting investment proposition. “
Hey ah! Ventures’ 91st investment (in 72 startups), with a total investment portfolio of INR 235 CR ($ 31 million) with 11 exits and 18 follow-up to date. With 28 investments to date in 2021, oh! The venture plans to invest 40+ this year with INR 150+ CR (20 million).
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