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Sequoia-backed Eduvanz acquires edtech agency Klarity – Enterprise Information , Firstpost

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Klarity, the brainchild of Manmeet Singh Akali has been acquired by Eduvanz. Klarity is a web based portal that permits customers to have one-on-one periods with mentors from corporations equivalent to ICICI, Google, Jio, and so forth. Klarity has helped over 5000 individuals land jobs with its periods. Klarity primarily focuses on postgraduate college students. 

Klarity emblem

Eduvanz, alternatively, is a platform to allow individuals to observe their passions and excel. Eduvanz provides no-interest loans to allow studying for college students who want monetary assist. Began in 2016 by Varun Sharma and Raheel Shah, Eduvanz has disbursed virtually ₹200 crore in loands and aided individuals in 25 totally different cities in India. The acquisition couldn’t come at a greater time.

The first purpose for the acquisition is Eduvanz’s try to achieve out to captains of trade and academic institutes. By growing their outreach, Klarity will have the ability to provide their companies to many extra individuals who have been shaken by the pandemic. The monetary facets of this deal usually are not public simply but. Eduvanz was in a position to safe Sequence A funding from Sequoia Capital, an American capital enterprise agency. The funding raised was virtually $5 million (₹37crores).

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