edLABS invests in iDreamCareer in Pre-Series A round

Our Bureau New Delhi | Updated on August 07, 2019

Funds to be used to develop tech products in career guidance sector

Career counselling firm iDreamCareer (iDC) on Wednesday said  it  has   raised an undisclosed amount from US-based edLABS in the Pre-Series A funding round. edLABS is part of Gray Matters Capital, an impact investor focussed on the education and skilling sector.

“The funding made by our edLABS initiative is aimed at improving the learning outcomes of educational courses by mapping student abilities with courses suitable for them, which, in turn, would help in boosting their future employability prospects,” said Srinita Mitra, Portfolio Manager, Gray Matters Capital edLABS.

Career planning tool

Started in 2013, iDC’s flagship Psychometric Assessment tool helps students by mapping their abilities, personality traits as well as areas of interest.  Its Career Planner tool helps in aligning this potential with suitable career options.

“The funding round will help us to further establish high-end technology products in the space of career guidance for millions of students. This round will help us in setting up the growth phase for the company,” said Ayush Bansal, Founder and CEO, iDreamCareer.

Guidance portal

The company recently executed a project for the Delhi government. The project involved building the capacity of the career counsellors, administering its psychometric career test and creating a customised career guidance portal for  students.

iDC’s career counselling programmes are currently being delivered in over 6,700 schools across India and the Middle East.

Published on August 07, 2019

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