iNurture Education, a pioneering EdTech solution provider that revolves around a university-industry partnership, has acquired Jag Bros Consultants’ brand ‘Youth4Work’ for an undisclosed amount.
As part of the deal, iNurture Education and Youth4Work have formed a new subsidiary called Y4W Learning Pvt Ltd. The startup will hold 83.5% equity in this new venture via its founder and MD, Ashwin Ajila.
After the acquisition, Y4W Learning will essentially work on the leads generated from the ‘Youth4Work’ assessment platform to grow enrolments for NEP (National Education Policy 2020) programmes. Further, the company’s office will be set up in Noida, with 50-60 employees.
Founded in 2007 by Ashwin Ajila, iNurture Education partners with Indian and international academic institutions to offer educational courses to students. The platform offers graduation and post-graduation degrees in several disciplines, including management, computer science, finance, IT, media, and machine learning. The company aims to become a thought leader by defining education in sectors that will matter in the future and becoming the industry’s largest provider of career-ready students.
iNurture leverages its strong industrial associations to facilitate guest lectures, internships, industrial visits, live projects and placement assistance. Its artificial intelligence-based platform assesses the employability of a student. It provides necessary interventions through on-campus career development programs and placement cells, strengthening the ’employability quotient’ across the entire spectrum of adult learning – from college to corporate.
The Bengaluru-based firm had previously raised $15 million from ADM Capital. The round was a mix of debt and equity. As part of the deal, iNurture’s existing investor VenturEast exited the startup last year. Its other backers include Kimera, Blacksoil, Bertelsmann India Investments, Ascent Capital, and BDMI. In 2018, iNurture acquired KRACKiN, a student engagement and employability platform, for an undisclosed amount.
Youth4Work, started by Rachit Jain in 2012, is a skill assessment platform helping Youth assess and improve their talents. The platform offers aptitude, psychometric, typing and preparation tests. It also functions as a job portal, connecting employers with job seekers. The startup also offers an online practice exam including CPT (common proficiency test) and IPCC, management, government, defence and engineering entrance tests. It has raised $500,000 in funding from many angel investors so far.