Online edu-tech start-up iDreamCareer.com (iDC) has raised its second round of angel funding through ah! Ventures, which the company intends to use for expansion and product development. However, the funding amount is not known. ah! Ventures is a platform of about 475 investors, including iconic global fund manager Mark Mobius, which helps start-ups raise funds by bringing investors and entrepreneurs together.

“This is the second round of angel investments for iDC. We will use the funding to improve delivery processes and systems, adding new products and tools, content development and for sales and marketing initiatives,” iDC co-Founder Ayush Bansal told BusinessLine .

Founded in 2013, the company had raised an undisclosed amount during the first round of funding in 2014 from former PepsiCo Director GK Sinha.

In the past 18 months, more than 55,000 students have benefited through iDC, which was started as a platform to provide “structured and scientific process” of career planning programmes.

A total of 12 investors — including ah! Ventures, individual investors such as Vivek Joshi, Mohit Satyanand and Indian Designs Group — have invested in iDreamCareer’s second round of funding.

The deal was advised and syndicated by ah! Ventures and closed on its private equity investment platform CLUBah.com.

Hybrid model

“iDC has a hybrid model – combining both offline and online methods – to provide a holistic assessment and provide better career planning programmes,” said ah! Ventures Founder and Chief Executive Officer Harshad Lahoti.

For ah! Ventures, this is its 14th investment in the past two years, while the platform is also in the process of closing three more investments in the coming weeks. The angel network was also advisor to about 30-35 deals during the past five years.

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