Edtech platform ApplyBoard raises $300M with a key focus on India. ApplyBoard, an education technology platform, said Wednesday that it has received $300 million in Series D financing at a post-money value of $3.2 billion.
According to the business, a significant portion of the additional investment would be used to grow its operations and staff in India.
The Ontario Teachers’ Pension Plan Board led the round via its Teachers’ Innovation Platform (TIP).
ApplyBoard has raised $475 million in venture capital funding since its inception.
“As a consequence of recent travel restrictions, we are seeing pent-up demand from students wanting to study overseas. We are thrill at the possibility of using this additional funding. To assist our students, partner schools, and recruiting partners in rebuilding our business post-COVID.” According to Martin Basiri, ApplyBoard’s co-founder and CEO.
Moreover, According to the business, India is essential to establishing and developing ApplyBoard’s product strategy.
ApplyBoard’s existing robust foothold in India will witness substantial growth.
Additionally, the business said that it intends to continue investing in expanding its product offerings to students and partners. As well as increasing its brand awareness in India.
“We are thrill about the possibilities provide by this investment. Which will utilize to accelerate the growth of our product and business in India. As well as assisting students interest in studying abroad throughout their journey,” says Karunn Kandoi, General Manager and Head of India Operations at ApplyBoard India.