Maheshwer Peri-promoted Careers360,
an education service provider acquired Mumbai based education start-up
NoPaperForms 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. Currently, NoPaperForms is managing
more than 200,000 applications for 30+ clients that include top B-schools and
universities. With their market reach coupled with investments in technology
and product they hope to deploy the platform in 500 plus college within the
next 2-3 years.
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. Careers360 investors include Ranjan Pai, Venture Capitalist Mahesh
Murthy and education company Career Launcher founder Satya Narayanan R.
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