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News on Medial
No credit score? No problem: How a new fee system is helping India’s invisible students stay in college
Economic Times
·
1m ago
Medial
A new fee payment model in India allows students from low-income or non-traditional credit backgrounds to continue their education without needing loans or credit checks. This EMI-based system enables students to pay tuition in monthly installments via digital platforms, bypassing conventional banking requirements. It offers financial flexibility with options for insurance-backed protection against life disruptions. This approach is aiding students whose families work in informal sectors, helping bridge the education funding gap.
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Empowerly secures $15M for its college counseling services | TechCrunch
TechCrunch
·
1y ago
Medial
Edtech startup Empowerly has secured $15m in a funding round, led by Conductive Ventures. The investment will be used to expand the company's services, develop its artificial intelligence-powered products, and launch its first mobile app in the US this year. Empowerly provides college counselling and career guidance services, offering support to students throughout the college application process. The company's technology, known as The Empowerly Score, uses machine-learning models to evaluate and predict a student's likelihood of success in their college applications.
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IIM Lucknow EIC incubates startup to ease competitive exam preparation
Economic Times
·
5m ago
Medial
IIM Lucknow's Enterprise Incubation Centre (EIC) has incubated ProntoStart, a startup founded by three IIM students and an expert in civil services preparation. The startup aims to merge competitive exam preparations with college curricula, enabling students to continue their studies without taking a career break. ProntoStart provides customized solutions, helping students save valuable years otherwise spent preparing for exams post-graduation, thus streamlining efforts with academic pursuits.
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Firstcard raises seed funding to help college students build better credit
TechCrunch
·
1y ago
Medial
Firstcard, a fintech startup founded by Kenji Niwa and Daniel Junqueira, aims to help college students build credit. The startup offers financial products for domestic and international college students, starting with its Credit Builder Card, which requires no credit history, minimum deposits, or annual fees. Users can earn savings with up to 4.25% annual percentage yield (APY) and cashback at select hyperlocal merchants. Firstcard also plans to provide financial aid, student loans, and financial education. The startup recently raised $4.7 million in seed funding, bringing its total raised to $7.7 million, to support product development and marketing.
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Four former coworkers start online higher education marketplace
Inshorts
·
9m ago
Medial
Four former colleagues launched Learning Routes in 2016 to connect students with top institutions across India and abroad, offering personalised counselling, free courses, and AI-powered tools to simplify college selection, reimagining India’s online education space and serving over 70,000 students to date. The Gurgaon-based online higher education marketplace generated ₹32 crore revenue in FY24.
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ZET partners with SBM Bank for FD-backed credit card
Economic Times
·
2m ago
Medial
ZET has partnered with SBM Bank to launch an FD-backed credit card in India, aimed at helping users build a credit score over 750. The card targets credit underserved and unserved populations by offering a straightforward way to establish credit history. Users can link the card to any UPI app, earn interest on fixed deposits, and utilize up to 90% of their deposit as a credit limit. The initiative removes the need for existing credit history or income proof.
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Bengaluru startup launches an app to simplify college applications
Inshorts
·
4m ago
Medial
Bangalore-based startup Appli, founded by Nanjunda P. Ramesh, has launched an app to simplify India's complex college admission process. Frustrated by the inefficiencies he witnessed while helping his daughter apply, Nanjunda developed the app that allows students to apply to multiple colleges at once, submit documents via DigiLocker, and track applications, significantly reducing time and effort.
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How Timbuckdo is empowering college students to earn, save, and grow
YourStory
·
1m ago
Medial
Timbuckdo, a Bengaluru-based startup founded by Mythri Kumar in 2022, aims to empower college students by offering verified part-time jobs, QR-enabled discounts, and AI-powered growth tools. It addresses the challenges faced by students in the unorganized gig economy, helping them earn, save, and build skills. With over two lakh users, the platform functions as a student-centric social commerce platform, integrating community-driven solutions for real-world upskilling and cost-saving opportunities.
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CRED's Kunal Shah launches platform to track and manage finances
Inshorts
·
1y ago
Medial
Cred founder Kunal Shah has launched Cred Money, a unified dashboard for financial management. The app aggregates financial data, helping affluent users manage their finances more easily. Despite stagnating user growth at 13 million, Cred is refocusing on high-credit-score customers, launching a luxury rewards program, and expanding UPI payments.
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CollegeDekho secures Rs 40 Cr debt funding from Recur Club
Entrackr
·
3m ago
Medial
CollegeDekho secures Rs 40 Cr debt funding from Recur Club CollegeDekho, an online platform that helps students choose the right college, has secured a structured debt funding of Rs 40 crore from debt marketplace Recur Club. Early in this month, the company had raised Rs 30 crore (around $3.5 million) from Lighthouse Canton. In December 2021, it also closed a $35 million Series B round led by Winter Capital, ETS Strategic Capital, Calega, and Man Capital. The proceeds will be allocated towards driving growth, enhancing technological advancements, and ensuring operations as the company prepares for the upcoming admission season, CollegeDekho said in a press release. Co-founded in 2015 by Ruchir Arora, Rohit Saha, and Saurabh Jain, CollegeDekho offers an online platform for college discovery, enrollment, and learning. The company provides students with information about colleges, courses, and careers, and helps them find suitable programs. The platform also offers B2B solutions to colleges, including digital marketing and student recruitment services. It helps universities and colleges to offer future-skill-orientated degrees, thereby enhancing the student’s overall learning experience and equipping them with the necessary skills to thrive in the job market. “At Recur Club, we recognise the crucial role of platforms like CollegeDekho, which is dedicated to enhancing higher education guidance in India. Supporting CollegeDekho highlights our commitment to promoting growth strategies that benefit educational institutions,” said Eklavya Gupta, co-founder & CEO of Recur Club. As per market research, India's higher education sector is projected to triple from $55 billion in 2023 to $180 billion by 2035. Over the years, CollegeDekho claims to have offered data on over 35,000 colleges and various courses. In the past year alone, it recorded more than 225 million website sessions and provided free guidance to nearly 4 million students, helping 60% of India’s private college admits. It has facilitated over 200,000 college admissions in the last seven years, contributing upwards of Rs 5,000 crore in fee income to its partner higher education institutions. In its latest financial results, CollegeDekho saw a 32.2% increase in revenue to Rs 215.6 crore in FY24 from Rs 163 crore in FY23.
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IIT Madras launches 5 free AI courses for people with no coding experience
YourStory
·
2m ago
Medial
The Indian Institute of Technology Madras (IIT Madras) has introduced five free online AI-related courses on the SWAYAM Plus platform, accessible to learners from multiple disciplines, including science, engineering, and commerce. These interdisciplinary courses require between 25 to 45 hours, incorporating case studies and practical exercises. The courses align with the National Credit Framework, offering certification for a fee. They are open to undergraduate, postgraduate students, and faculty members, with registration closing on May 12, 2025.
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