NoPaperFroms secures Rs 29 crores from Info Edge in Series B funding
Delhi based startup, NoPaperForms, an enrolment platform for educational institutes, has secured an investment of Rs. 28 core funding from Info Edge (India) Ltd, whose stakes have now increased to 48.1% in the company. The investment was made under Series B funding.
NoPaperForms is a Software-As-A-Service (SAAS) based enrolment automation solution which systematizes the entire journey of student from enquiry to enrolment. It is an advanced admission management platform that helps institutes manage their online and offline admission process making it seamless for both the students & institutes. This involves machine learning-enabled smart data analytics modules to help institutes interpret data, benchmark performance, and measure returns on investment on a real-time basis.
The venture will use the fresh capital to expand its business development, strengthen its technology and product line. Designed in close cooperation with top academic institutions, NoPaperForms help institutions to make the entire admission process 100% transparent and increase their outreach capabilities, enhance recruitment efforts, expand customer service offerings, thereby improving the end results.
Speaking on the current investment, Mr. Naveen Goyal, CEO and Founder, NoPaperForms said, “This investment will help us to grow and provide better services to empower our vision to fundamentally transform the admission process in the education institutions in India and abroad. Today, with the digitization of the admission process mandate, we are driving a tectonic shift in how Institutes large and small are turning from yesterday’s endless paper work admissions to NoPaperForms smart admissions. We are living in a digital world and its only rational that we keep up with the pace to help our next generation utilize every available prospective without getting trapped in age old methodology of enrollment.”
NoPaperForms has been catering to a large set of institutes which includes colossuses such as SRM University, FMS Delhi, Amrita VishwaVidyapeetham, BIMTECH, Bennett University, IMI, Shiv Nadar University, O.P. Jindal Global University, KREA University, ManavRachna, ITM Mumbai, and so on.
Mr. SanjeevBikhchandani, Co-founder, Info Edge, said, “We are happy to invest in an education venture which is making life easier for students and universities. The company has a bunch of highly enthusiastic professionals who are determined to transform the education scene in India. We see a lot of potential in company’s vision and are hopeful that NoPaperForms will take itself to the next level in the coming time.”
Info Edge (India) Ltd, which owns the hiring portal Naukri.com and real estate website 99acres has invested in more than 20 start-ups in the past which includes online food portal Zomato and insurance and banking portal like PolicyBazar.