IDreamCareer (iDC), a Delhi-based totally Ed-tech startup, has raised an undisclosed amount of angel investment via ah! Ventures. The angels from ah! Ventures collectively with angel buyers Vivek Joshi, Mohit Satyanand, Indian Designs Group and others partnered to fund the startup. Earlier in 2014, iDC had additionally raised an undisclosed quantity of seed funding from G.K Sinha, ex-Director at PepsiCo.
Abhijeet Kumar, Co-founder of ah! Ventures stated, “EdTech has constantly been an interesting location for us and iDreamCareer is sincerely disrupting the gap of career and higher schooling making plans thru a combination of a difficult operating crew, progressive & tested commercial enterprise model, sturdy revenue pipeline and use of next generation generation. Their global footprint makes them a pacesetter in this space. This deal became concluded via the personal fairness investment platform, CLUB ah!.
Do what you like and also you shall prevail, but does Indian college students get that preference? Indians are liable to pick their careers below the affect of friends and own family individuals, which limits down the career alternatives to only the ones that their social circle approves. But isn’t the career all approximately our talents and potentials.
Why there's a lot confusion about the proper profession choice? The solution is easy – loss of right counseling and facts portals.
Realizing those travails of Indian college students, Ayush Bansal and Pravesh Dudani co-founded iDreamCareer.Com in 2013. IDC has advanced a 3S framework program – “Structured, Scientific & Scalable”, which is presently being used by college students in India, Middle East & East Africa. Over the last year and a half of, greater than 55,000 students have benefitted thru their portal.
Vivek Joshi, lead investor said “iDreamCareer is rightly located within the current educational context wherein plethora of courses are available to college students, making it difficult for them to choose the proper path and as a result a profession. Ayush and Pravesh are very dedicated in the direction of creating a distinction by using assisting students make better profession choices.”
The Idea
Talking of the idea behind iDreamCareer, Ayush Bansal, co-founder iDreamCareer said, “Our vision is to construct future proof career for students via unbiased and credible profession planning programs. In the commercial enterprise where trust is the key detail, our recognition has been on imparting best career making plans carrier to students and mother and father that empowers them for taking informed career selections.”
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He additionally added, “With iDC, we purpose to create a trustable brand for career planning, which is impartial and paintings uniquely for each scholar’s interest and ability.”
idreamcareer
How It Works
iDC Career planning Program has three fundamental elements:
Self Assessment: Company has constructed its own proprietary Career Assessment tool to assess the capability of college students from ninth to twelfth elegance. This device creates a sixteen page private report to every applicant.
One-on-one mentoring: Following to the evaluation file, students are related to mentors thru telephonic or skype interactions. Company additionally has provisions for head to head interaction at their 7 retail centers. Mentors are broadly present beneath three classes: College alumni/modern college students, Psychologists and Career experts.
Explore Colleges: Ensue, the counselling students get get entry to to distinctive list of college options.
Revenue Model
The revenue is generated without delay from the students and no longer from any university or college. There are 4 to be had plans – Inform, Explore, Aspire. And Study Overseas; starting from INR 2,499 to INR forty four,999.
Quick Facts
fifty five,000 Students used the service in beyond Financial Year
20% customers improve the basic plan
Currently it's miles operational in Bangalore, Hyderabad, Kanpur,Mumbai,Delhi and Siliguri
The startup is presently running with a crew 15 and has 220 mentors on its platform
idreamcareer crew
Tackling the challenges
The best challenge that iDC face is the resistance of mother and father in the direction of profession counselling. Ayush Bansal says, “ There is a want to educate human beings approximately the want of career counselling.” He also added, “For the same purpose, we were conducting sixteen-17 seminars in various cities, schools and corporate places of work to make human beings recognize the want of proper career planning.”
Competition
Career360, Careerfunda, YoungBuzz, SarvGyaan and many other startups perform in the identical space of career counselling. However, Ayush Bansal, do now not see those agencies as a hazard to iDC, pointing out that “our USP lie in the customisable profession making plans which fits uniquely for each student.”
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Giving an buyers’ attitude, Harshad Lahoti, Founder & CEO of ah! Ventures, stated, “iDreamCareer has confirmed their potential to disrupt the market using their unique customized profession planning program as opposed to competitors’ undeniable vanilla evaluation reports created the use of on line aptitude tests. Tech is certainly used as an enabler for automation of content and the assessment process – but iDC’s mix of online and offline models of profession planning thru 1-on-1 classes using their retail offices and telephonic interviews, offers a greater holistic approach.”
He further added, “The profession making plans sector for excessive school college students in India is anticipated to be over USD 1.Five billion and iDC is flawlessly positioned to goal and dominate a majority of it. We at ah! Look ahead to partnering iDC in their subsequent increase segment”
The cutting-edge investment spherical will be applied to upgrade product line with addition of statistics alert gear, university software device, content upgradation and so on. Additionally finances may also be utilized in sales & advertising and marketing to grow our commercial enterprise in new geographies throughout India & Middle East & also to enhance our carrier shipping system.
Mumbai based, ah! Ventures brings together promising organizations and buyers with the aid of making money introduction possibilities for each. It become founded by Harshad Lakhotia and Abhijeet Kumar in 2010. A few startups which have raised funding via ah! Ventures’ community encompass Harness Handitouch, Entropy Innovation, LogicRoots, Bluegape and iTraveller among others. It is in procedure of ultimate two greater offers in the coming time.
