PVC recently announced a venture capital fund of $50 million (Rs 301 crore) for early-stage investments in India.
Peesh Venture Capital (PVC), a US-based venture capital firm focused on funding and nurturing passionate entrepreneurs and disruptive technologies has announced its first investment of Rs. 6 crores in Noida-based MeetUniv, a college search and information startup for students looking at pursuing higher education abroad.
MeetUniv has been accelerated at TLabs, a start-up accelerator in India.
Designed to help Indian students seeking higher education outside the country, MeetUniv offers a comprehensive 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 personalized guidance and direct engagement with universities to its users.
Nitin Kapoor, Co-founder, MeetUniv, commented, “MeetUniv is leading information portal for students looking at options for higher education abroad. With more than 75,000 students counselled, we are on our way to become the largest platform for connecting students with universities/experts. Partnering with Peesh Venture Capital opens the doors for students in India looking at to study in USA (most sought after destination) and we are more than excited about it.”
Peesh Chopra, MD, Peesh Venture Capital, said, “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 delighted to make our investment in MeetUniv and are hopeful about seeing a lot of growth & development in this space in future.”
With a vision to nurture the unparalleled surge in Indian entrepreneurship, PVC recently announced a venture capital fund of $50 million (Rs 301 crore) for early-stage investments in India. PVC aims to build India technology ventures in the IoT and Mobile space to break through into a competitive global market and in doing so, be part of India’s transformation into an economic superpower.
Apart from the funding capital, PVC has also launched two accelerators in Bangalore and Gurgaon. Currently, the accelerators are accepting applications for 3rd quarter 2015 from disruptive startups focused on Ad Tech, E-Commerce, Gaming, Mobile Apps, Education, Enterprise Software, Wearables, and Internet of Things (IoT).