Edtech startup Mindler acquires Immrse to provide virtual internships – Economic Times
Mumbai: Mindler Education has acquired Immrse, a virtual internship platform, to give its users an additional tool for career guidance and planning.
The financial details of the cash-and-stock deal weren’t disclosed.
“Through this deal, Mindler will be focusing on making virtual career…….
Mumbai: Mindler Education has acquired Immrse, a virtual internship platform, to give its users an additional tool for career guidance and planning.
The financial details of the cash-and-stock deal weren’t disclosed.
“Through this deal, Mindler will be focusing on making virtual career internships accessible to school and college students via schools/institutions, career counsellors, edtech partners,” according to a statement on Tuesday.
The edtech startup recently raised $1.5 million in a funding round led by HVB 88 Angels, Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore and Chennai Angels.
Founded in 2017 by Pratham Sutaria, Immrse enables students to get virtual career internships through an experiential, immersive and self-paced career discovery program.
“Given the way the world of careers is being disrupted, internship and simulations are a very effective approach to empower students in taking an informed career decision,” said Prateek Bhargava, founder and chief executive of Mindler. “Through our pilot project, we discovered that 98.7% students found the experience really useful and we are excited to jointly build many more virtual career internships in the near future.”
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According to the National Education Policy 2020, students in higher education should be provided internship opportunities. Over 88% of Indian youth prefer to do internships, India Skills Report 2020 has indicated. Still, students below the age of 18 find it difficult to find internships. That’s the gap Mindler Immrse aims to fill with its virtual program.
“Our completion rates are significantly higher compared to other self-paced edtech products, Immrse founder Sutaria said. “Joining the Mindler ecosystem will only help us accelerate the growth. There are high synergies and we look forward to growing together with Mindler.”
