Mumbai: Palo Alto-based education startup Stoodnt – which helps students aspiring to study abroad by connecting them with high-quality college admission counsellors, and providing guidance, insights and online tools – has raised an undisclosed amount in funding from Rajan Anandan, Vice-President, Google, South-East Asia and India.
Anandan has emerged as the most prolific angel investor in India. He primarily invests in early-stage technology companies in sectors like the internet, mobile and software. The funds will be used to enhance the user experience, for product development and to expand the user and brand base.
Stoodnt has informed through a statement that so far, the company has raised seed investment from number of angel investors and senior executives with Fortune 500 companies in India and USA. During the first four months of operation, Stoodnt has engaged thousands of students on its platform from 50 or more countries, and is providing counselling and guidance to tens of students aspiring for undergraduate, graduate and MBA admissions in the US and Canada. The company plans to launch counselling services for the UK, Australia and other markets in the near future.
“The college admission market is highly fragmented, low-tech and fraught with fraud, biased advice and quality issues in international markets. The focus of our platform is to provide insights, online help and college admission expert guidance by leveraging data, technology and people. We provide solutions that make life easier for students and parents during the college admission process, and helps them make the best decision and get the best outcome. We are delighted to have someone like Rajan be associated with this opportunity to make a difference in the future of millions of aspiring students,” said co-founder Ajay Singh.
Launched in 2016 by Harvard Business School Alumni, Ajay Singh and Yuri Punj, and software entrepreneur Sena Palanisami, Stoodnt recently started operations in India, its first international market. The company recently appointed Ramdas Sunder, another Alumni of Harvard Business School, with more than 20 years’ of experience in engineering, consulting and management roles with companies such as Pitney Bowes, Freescale Semiconductor and McKinsey Consulting, as Managing Director of India and South Asia.
Education startup Stoodnt is a global online platform, focusing on helping millions of students fulfil their aspiration of studying abroad. It makes the admission process objective, convenient and productive. It has a rigorous process for on boarding and training college admission counsellors, and tools built in to monitor service quality.
