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US-based Peesh Venture makes first investment in India

Fund invests $1 mn in foreign college search and information start-up MeetUniv

T E Narasimhan  |  Chennai 

Peesh Venture Capital (PVC), a US-based venture capital firm, today announced its first investment in MeetUniv, a college search and information startup for students looking at pursuing higher education abroad. The fund has invested $1 million in MeetUniv.

PVC recently announced a venture capital fund of $50 million (Rs 301 crore) for early-stage investments in India.

Peesh Chopra, managing director, Peesh Venture Capital said that MeetUniv solves an important problem faced by the Indian students who plan to pursue education overseas but have no access to information required to select the right course and university, thus taking the most critical decision of their life on basis of inadequate data. "It is a market space which has not been explored appropriately and has a lot of potential to solve the problems faced by the Indian aspirants. We are hopeful about seeing a lot of growth & development in this space in future,” said Chopra.

He added, the money will be utilised to expand operations in US and others. “Our network will help the company to reach out to around 2,000 universities,” said Chopra, adding that the key attraction on the start-up was experience of the founders and business model.

Designed to help Indian students seeking higher education outside the country, MeetUniv offers a listing of 3,000 colleges & universities and one of the largest course information listing of 40,000 undergraduate (UG) and postgraduate (PG) courses from USA, UK, Australia, New Zealand, Canada, Singapore and many more countries. It also provides personalised guidance and direct engagement with universities to its users.

MeetUniv has around 15 full-time staff.

Nitin Kapoor, co-founder, MeetUniv commented that with more than 75,000 students counselled, MeetUniv is on its way to become the largest platform for connecting students with universities/experts.

PVC aims to build India technology ventures in the IoT and mobile space. Apart from the funding capital, PVC has also launched two accelerators in Bangalore and Gurgaon.

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First Published: Tue, May 19 2015. 13:32 IST