YourNextLeap.com raises Series A funding
Nirvana Venture Advisors, a fund anchored by the Patni family, has invested in Pune-based start-up, YourNextLeap.com. The company is co-founded by Mohit Gundecha, former Head of India Operations at mig33.
Internet product start-up YourNextLeap.com has raised a Series A investment from Nirvana Venture Advisors. Founded by Suruchi Wagh, YourNextLeap.com is a web-based recommendation engine, which acts as a virtual career counselor for students to make smarter career decisions. Mohit Gundecha, formerly the Head of India Operations for mig33, a global mobile entertainment company, has joined the company as the Co-founder and CEO.
Following this development, Amit Patni, from the Patni family and Rajan Mehra, formerly the Country Head for eBay in India, have joined the Board of Directors. The company was launched in October 2010 and the investments will be used for scaling up and growing the team.
Commenting on the investments, Suruchi Wagh, Founder and COO, YourNextLeap, said, “Several million students in India make uninformed career decisions based on anecdotal information and social pressure. YourNextLeap.com’s virtual career counselor has already helped several thousand students make better career decisions on colleges and streams of study. The investments are an opportunity for us to scale up our web infrastructure and grow our team.”
Talking about the investment, Rajan Mehra, Managing Director of Nirvana Venture Advisors, said, “Our investment is driven by an impressive founding team and their insightful use of social media and analytics, to help Indian students make education choices and plan their early careers.”
YourNextLeap.com’s virtual career counselor involves a suite of online tools, which use psychometric evaluations and math models on past admission patterns, to give out personalized suggestions. University Suggestor and College Suggestor tools are aimed to help students increase their chances of admissions into Colleges, and Branch Suggestor helps students choose streams of study. YourNextLeap.com has a freemium business model with an ARPPU of Rs 500.
Talking about the company, Mohit Gundecha, CEO, YourNextLeap.com, said, "YourNextLeap.com is solving a real problem for students and their parents. The intelligence built in the virtual career counselor, enables scientific evaluation, a key differentiator from the fragmented career counseling methods prevalent in the education industry today.”
Nickhil Jakatdar, CEO VuClip, and Alok Kejriwal, CEO, Games2Win, are on the Advisory board of the company.
