ICS Career GPS has raised Rs 3 crore ($400,000) in an angel funding round, which is making online career guidance accessible and affordable for students and young professionals in both English and Hindi.
The investment made by Bagla Group, will help the app to expand its presence across new markets, including Tier II and III cities. The funding will also be utilised for expanding its reach, research and development and adding more useful features to the product.
According to a report from MHRD and from consultancies such as EY and KPMG, the market size for career counseling in India is estimated at over Rs 5,000 crore. The country has a requirement of 1.4 million career counselors to maintain the globally accepted student-counselor ratio. The huge deficit now a days is, around 90% of Indian schools do not have a dedicated career counselor.
