New Delhi: Maheshwer Peri-promoted Careers360, an education service provider, on Tuesday acquired Mumbai-based education start-up NoPaperForms.com for an undisclosed amount.
NoPaperForms is a four-year-old enrolment management platform that helps colleges and universities manage their online admission process.
“The acquisition will help Careers360 augment and strengthen its B2B clientele offering and help institutes spend smartly on digital media," Naveen Goyal, director of Careers360, said.
“We plan to build strong analytics engine on top of the enrolment platform to help institutes spend money judiciously. Currently, NoPaperForms is managing more than 200,000 application for 30+ clients that include top B-schools and universities. With our market reach coupled with investments in technology and product, we hope to deploy the platform in 500-plus colleges within the next 2-3 years," Goyal added.
Vishal Shah, founder of NoPaperForms, said with Internet penetration growing, the pace of online admission will grow further and the company under Careers360 will tap the market better.
Last year, Careers360, raised capital from five angel investors for expanding its business of helping students take career decisions. “We are not a media play but an education play. The fund that we have raised will help us create an education market place, connecting students with the right career-oriented courses," Peri said in June 2014.
Career360 investors include Ranjan Pai, venture capitalist Mahesh Murthy and education company Career Launcher founder Satya Narayanan R.