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Career planning services provider iDreamCareer.com raises angel funding

Delhi-based Medhavi Professionals Services Pvt Ltd, the company behind iDreamCareer.com (iDC), which offers career planning services to students across India, has secured an undisclosed amount in funding from an unnamed Indian investor based out of the Middle East.

The capital will be used for product development, and also for setting up distribution networks for its newly launched career planning kit in India, Nepal, Bhutan, Sri Lanka, Dubai and Pakistan.

iDC was founded in April this year by Ayush Bansal and Pravesh Dudani. An MBA in finance from ICFAI Business School, Bansal was earlier vice president in Prayatna-School of Excellence (Gurgaon). Dudani is an alumnus of IIT Kharagpur and had earlier co-founded GreenHat Ventures. In the past, he had worked at companies like Educomp Solutions and IndiaCan Education.

The company’s career planning offerings include a tool that enables students to assess their aptitude, interests and personality. Once the assessment is completed, an 18-page customised career report is provided that helps students assess themselves and get to know the right career fit based on their intelligence level, capability, interest and personality traits. The firm claims that it has tested over 5,000 students in the country so far.

The startup also recently launched an iDC Career Kit, which contains a career handbook, career videos DVD, and a coupon card to login to the student dashboard on the portal. Using this dashboard, students can take assessment tests, which will publish their career report automatically. The report also gets saved on the dashboard, and can be viewed or downloaded later (as a PDF file). iDC claims that it mentors over 30,000 students every year in both private and government schools and has so far worked with over 100 schools in India that include schools like Ryan International Group, Pragyan School (Noida) and GD Goenka group.