Careerlab raises $2.2 million from Rocket Internet's VC fund GFC and angel investors

• Careerlab, a profile building digital platform has raised fresh funding of $2.2 million in new funding round to back up the company’s operation.
• Set up in 2019 by a group of talented people has set a target of reaching out to 1000 colleges in the coming days.
• The company is claiming to provide the best suitable industry-recognized courses and certifications for upskilling designed by a unique Career Track recommendation engine called Career Wizard.

Bengaluru-based Careerlabs, a profile building platform for students and working professionals have announced fresh funding of $2.2 million in new funding round as it plans to scale up business and increasing offering portfolio.

Rocket Internet's VC fund, Global Founders Capital, invested in the Bengaluru-based startup’s pre-series A round with participation from Toshan Tamhane, Chief Digital Officer, UPL; Ajit Isaac, Founder Chairman of QuessCorp; Rohit Kale, MD, Spencer Stuart; Professors of ISB, Ghanshyam Dass- Former MD- the Asia Pacific and the Middle East, Nasdaq and Abhishek Nag, Director of Business Development -India and South Asia, Netflix and other angel investors.

PN Santosh, co-founder, and CEO of CareerLabs said, India’s vision of becoming self-reliant could become possible only when if India leverages its demographic dividend. We at Careerlabs strongly plan to bridge the demand-supply gap of the trained and knowledgeable workforce and allowed access of our platform to one million students to learn and earn better by providing everyone a chance to achieve a successful career thereby creating a motivated workforce.”

“ with all the available resources with the company, we are building the Artificial machine learning platform that is helping students to find the suitable career for them which will bring success to all the students,” Santosh added.

Set up in 2019 by one of the employees of BYJU’S initial team, led by serial entrepreneur PN Santosh, Ex- Mckinsey alumnus and Ex-founding member at BYJU's, Krithika Srinivasan from the University of Michigan, and Prasanna Alagesan, an alumnus of IIM Bangalore, a platform that is helping students become future-ready, setting them on a path to success that suits them best.

“We are highly impressed by Santosh and the CareerLabs team and love their passion to create a better end-to-end solution for career discovery, skilling, and recruitment. We are convinced that they will have a significant impact on the lives of millions of graduates in India in the years to come, and are proud to be part of their journey,” said Roel, Partner at Global Founders Capital.

The company claims that they do not only specialize in not just computer science track but also has a wide range of profile building Career Tracks in Electronics, Mechanical, Civil and Techno managerial domains covering creative and interdisciplinary domains. The brand has set a target of reaching out to more than 1000 colleges in the coming days and help them to draw their career path through its AI-enhanced career discovery engine, CareerWizard which will help them to get their dream job.

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