Posted By Graymatterscap On Fri, Aug 30, 2019 (iDC) is one of India’s largest unbiased career counselling ventures working with 2.5 million students every year. iDC currently works with over 6700+ schools across India & the Middle East.

It works with 12 state government (Delhi, Andhra Pradesh, Haryana, Rajasthan, Karnataka & more), various International Agencies (UNDP, UNICEF, Central Square Foundation & more), private schools (Navy Schools, Sunbeam Group, Maharaja Sawai Man Singh, Apeejay group, Indian School Muscat, Kunskapsskolan, Orchid International group & more) & non-profit/CSR organizations (Magic Bus, Miracle Foundation, McKinsey’s Generation, Hero Group & more) in helping them establish effective career guidance solution for students.

Investment Rationale

The funds raised in the current round will be utilized by iDC to strengthen its online platform’s technology and to build automated data-driven career planning tools based on its huge data and content on careers; besides expanding into more private schools in India and the Middle East.

Gray Matters Capital believes that by mapping student abilities and interests with the right courses will not just help improve learning outcomes but also improve employment prospects of the students in the future.


About Graymatterscap

Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.

GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).

GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.

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