ICS Career GPS mobile app recently attracted Rs 3 crore ($4,00,000) in angel investment. This investment made by the Aurangabad-based Bagla Group, will help ICS Career GPS expand its presence across new markets, including tier 2-3 cities of India, ICS Education Ltd said in a statement.
The funding will be utilized for research and development, expanding reach and adding more useful features to the product, it said.
Commenting on the funding, Rishi Bagla, Promoter Bagla Group, said, “The online career counseling space is a huge global market, especially with the rapidly changing career scenarios requiring people to frequently seek guidance. ICS has the vision and the expertise to leverage this opportunity.”
Established in 1985, ICS Career GPS is offering a wide range of career guidance services free of cost.
The English version of the app was launched on August 15, 2020, while the Hindi version was launched on November 28, 2020.
According to the statement, it has over 5,0,000 students and professionals on board.
“This angel funding is helping ICS increase its B2C reach through technological upscaling,” said Ajit Dass, Director – Operations, who also heads a Think Tank of 70 graduates from IIT Kanpur.
First Published: IST