Edtech Startup Perspectico Raises Funding from SSCBS Innovation & Incubation Foundation

Perspectico, a Delhi-based career-tech platform, raises an undisclosed amount of second round seed funding from SSCBS Innovation & Incubation Foundation (SIIF). It helps students prepare for job interviews with industry experts, through online and offline intervention.

This investment by a repeat investor is a testament to the 125% monthly revenue growth. Perspectico has a strong team that has impacted 1500+ students in understanding their career interest and pursuing their respective careers across Delhi University.

SIIF is a company promoted by and is an outcome of Incubation Policy from Government of NCT, Delhi.  Perspectico is a venture launched by Nikhil Chainani, 23 an alumnus of SSCBS, the host institute for SSCBS Innovation and Incubation Foundation (SIIF).

The startup had earlier raised incubation support and an undisclosed amount of funding from the SIIF in first round of seed funding in December last year.

Incorporated in November 2017, the company is a brainchild of its CEO and founder, Nikhil Chainani, who is the organizational backbone. He single-handedly steers the ship for the company’s functionality and strategy.

During his college years, Nikhil was always caught up with the struggle of evaluating career choices. When he tried talking to people from diverse backgrounds and mindsets, he realized that everyone gave him “biased” advice. He felt a huge gap with the industry and its requirements. That is when he met his co-founders, who are industry experts from finance, consulting and recruitment backgrounds. All four of them have led the company and are responsible for its success so far.

Commenting on this initiative, Nikhil Chainani, CEO of Perspectico, says, “We have learned a lot in the past 13 months of operations about students and their job placement difficulties. The initial SIIF investment catapulted us from an idea to a revenue-generating venture. The confidence shown towards us by SIIF will help us fine-tune our product offering.”

He further added that, with the perspicacious mentorship of Dr Poonam Verma, and MrNaresh Priyadarshi in all aspects of our business, and the support of Shaheed Sukhdev College of Business Studies, I express profound gratitude to my college and the Government of Delhi for their confidence in Perspectico.

According to Dr Poonam Verma, Chairperson of SIIF and Principal of Shaheed Sukhdev College of Business Studies, "We are proud that our alumni are becoming successful entrepreneurs & job creators, setting examples for students graduating from the college in coming years. Nikhil continues to add laurels to SSCBS, as he did during his college years."

Naresh Priyadarshi, CEO of SIIF, says "Nikhil and his co-founders have taken significant risks by leaving plum corporate jobs and launching Perspectico, and they are on right track of making Perspectico hugely successful.  They have made a good blend of offerings keeping customers in mind, have hit the market early and are constantly evolving their products. SIIF is happy to see how well its first seed-funding into Perspectico was leveraged, and now the relationship has been cemented further by the second round of seed-fund." 

Perspectico is a platform that assists youngsters to prepare for job interviews with industry experts on their online portal. Incorporated in November 2017, the company is a brainchild of its CEO and founder, Nikhil Chainani, who is the organizational backbone and single-handedly steers the ship for the company’s functionality and strategy. Perspectico invites industry experts from companies such as Nomura, HSBC, Kotak, GenNext Ventures, Deloitte, Xander Private Equity, and Unitus Capital to conduct sessions with students. Since its inception, the company has conducted over 70+ offline sessions with a footfall of over 1500+ students. Their major source of revenue is their proprietary online career preparation modules. These have witnessed a monthly sales growth rate of 125.0% in the past 4 months alone.

[Top Image - Facebook.com/Perspectico/]

Edtech Startup Perspectico Raises Seed Funding from Delhi University and Government of Delhi Incubator

Perspectico, which is just a little over two-months-old edtech startuo, has raised incubation support and an undisclosed amount of funding from the incubation cell of Delhi University, SIIF. SSCBS Innovation and Incubation Foundation (SIIF) is an outcome of Incubation Policy from Govt. of NCT, Delhi. Perspectico will use the funds for marketing, expansion of team and footprint across multiple colleges/geographies. The company plans to raise a Pre-Series A round in another 6-9 months.

Perspectico is India's first platform that enables fresher’s and young employees answer two questions – (1) what career should I pursue? and (2) how to get the career of my choice? Perspectico’s approach is entirely practical and focuses only on those aspects that are required in work life. Perspectico hopes to guide students and career aspirants, in the most objective way, on careers of their choice with the sole mission to help students understand and ace their chosen careers.

Perspectico was started in September’17 by Nikhil Chainani, who worked in the Nomura Investment Banking team in Mumbai before starting this venture. The concept was developed based on his own experiences during his campus placements. Perspectico provides the missing ingredient in placement preparation which almost every student in India faces. Perspectico aims to provide career perspectives directly from someone who has recently started a job in a particular field or has one to two years’ experience. Such interactions are very useful for students.

Commenting on the incubation support, Nikhil Chainani, Founder of Perspectico said, “We are very excited to get incubated under SIIF.SIIF brings valuable insights into higher institutions of learning as well as networks which will help Perspectico reach the right stakeholders – both students and academicians. Their panel is made up of several prominent academicians and this is a big positive for Perspectico. We want to also work with placement cells to bring a practical perspective to classroom lectures. This validates our concept and gives external parties’ confidence in us.”

Naresh Priyadarshi ,CEO, SIIF, Alumni of CBS and IIM A said “SIIF is proud to be supporting Perspectico, a start-up venture of Nikhil Chainani who also happens to be an alumnus of SSCBS. Our support to Perspectico includes funding, facilities, mentoring and industry networking.”

Based out of New Delhi, Perspectico has big plans and wants to closely work with placement cells, coaching institutions, placement agencies and companies to provide practically trained and clued in candidates. It wants to leverage technology to reach a wider audience. Perspectico has successfully experimented with creating short career related podcasts telling people about interview processes of companies in finance sector, their work culture and future prospects. These are based on actual interviews conducted with freshers who have recently cracked into their dream careers. It wants to extend this to other domains.