Growth stage focused Physis Capital marks second investment of Rs 5 crore in CTPL

Physis Capital has made its second investment of Rs 5 crore in CTPL, a startup modernizing the education sector with its Admissions as a Service platform. 

Physis Capital is a venture capital fund established by the team behind Inflection Point Ventures (IPV), known for investing in startups like BharatPe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy.

The $50 million fund focuses on supporting tech-enabled startups that solve real-world challenges for businesses and consumers in India, aiming for large-scale impact. Earlier this year, the fund invested in Ben & Gaws.

What does CTPL do?

CTPL is modernizing the education sector with its Admissions as a Service platform, streamlining enrollment for higher education institutes.

The startup's tool features customizable workflows, CRM-driven lead management, and AI-powered decision-making for more efficient admissions. Beyond admissions, CTPL’s NextGen Academy offers industry-collaborative courses to prepare students for the future job market.

By optimizing operations and boosting student engagement, CTPL helps educational institutions increase revenue and improve overall efficiency.

It claims to have doubled its revenue year on year for the past 3 years while remaining profitable. 

CTPL has raised a total of $4 million in a mix of dilutive and non-dilutive capital in this funding round.

Leadership comments

Bikash Sahoo, CEO of CTPL, said, “Physis Capital has been an incredible partner in our journey backing us from the very beginning and offering invaluable support through their network and expertise. Investment by Physis is a positive reinforcement to our vision of building a Global Admissions Management Company, enabling educational universities and institutions to grow their businesses and create a next-generation educational environment."

"With support from Physis Capital, IPV, GVFL, and other investors, we’re set to ramp up our tech capabilities, enhance our offerings, and drive global expansion. We’re gearing up for the next round in 6-9 months with an ARR of Rs 50-60 crore," Sahoo added.

Investor comments

Ankur Mittal, General Partner, Physis Capital, said, “Physis Capital is committed to identifying and nurturing startups that use technology to address critical challenges and create meaningful impact. Our focus is on ventures that contribute to India’s foundational growth, which is why our first fund is structured as an India growth opportunity fund. We place a strong emphasis on fundamentals of the company including scalability and unit economics in our investment decisions.”