CareerLabs, a profile building start-up has secured $2.2 million in a recent funding round led by Rocket Internet’s VC fund, Global Founders Capital to scale its platform.
According to the statement issued by CareerLabs, UPL Chief Digital Officer Toshan Tamhane, QuessCorp Founder Chairman Ajit Isaac, Spencer Stuart MD and faculty members of ISB Rohit Kale, Nasdaq’s former MD Ghanshyam Dass and Netflix India Director Abhishek Nag also participated in the funding round.
CareerLabs was founded in 2019 by the ex-leadership team of Byju’s, led by serial entrepreneur P N Santosh, McKinsey graduate and ex- founding member at Byju’s, Krithika Srinivasan from University of Michigan and Prasanna Alagesan, graduate of IIM Bangalore city.
CareerLabs gives a technology-enabled platform with a unique Career Track recommendation engine known as Career Wizard which helps CareerLabs provide appropriate Industry-recognized Courses & Certifications for upskilling. The career skilling solutions are specifically built to make it affordable at a price that is 70% less than similar solutions.
P N Santosh, Co-founder and CEO of CareerLabs, said, “Our main goal is to bridge this supply-demand gap and enable one million students to learn and earn better by providing everybody an opportunity to attain a chance to achieve a successful career thereby creating a driven workforce. We are investing in building the right Machine Learning Models with the focus on identifying the right career tracks for students and incorporating the correct engagement activities resulting in successful outcomes for students,”
Through a well-planned journey involving detailed, careful profile analysis, personalized mentoring & recruitment help, CareerLabs is helping millions of students in Tier 2 and Tier 3 cities to also access the same quality content and services.