Sequoia-backed Eduvanz acquires edtech agency Klarity
Klarity, the brainchild of Manmeet Singh Akali has been acquired by Eduvanz. Klarity is a web based portal that allows customers to have one-on-one classes with mentors from firms reminiscent of ICICI, Google, Jio, and so on. Klarity has helped over 5000 folks land jobs with its classes. Klarity primarily focuses on postgraduate college students.
Eduvanz, alternatively, is a platform to allow folks to comply with their passions and excel. Eduvanz provides no-interest loans to allow studying for college students who want monetary assist. Began in 2016 by Varun Sharma and Raheel Shah, Eduvanz has disbursed nearly ₹200 crore in loands and aided folks in 25 completely different cities in India. The acquisition couldn’t come at a greater time.
The first purpose for the acquisition is Eduvanz’s try to achieve out to captains of trade and academic institutes. By growing their outreach, Klarity will be capable of supply their providers to many extra individuals who have been shaken by the pandemic. The monetary features of this deal are usually not public simply but. Eduvanz was capable of safe Collection A funding from Sequoia Capital, an American capital enterprise agency. The funding raised was nearly $5 million (₹37crores).
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