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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.
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