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Physis Capital marks second investment of Rs 5 Cr in CTPL

Entrackr · 2d

Admissions as a service platform Creanovation Technologies Pvt. Ltd (CTPL) has raised Rs 5 crore from growth-stage focused Physis Capital. This is the second investment by the $50 million fund. Earlier this year, the fund invested in Ben & Gaws. Founded by Bikash Sahoo, CTPL features customizable workflows, CRM-driven lead management, and AI-powered decision-making for more efficient admissions. Beyond admissions, CTPL’s NextGen Academy offers industry-collaborative courses to prepare students for the future job market. It helps educational institutions increase revenue and improve overall efficiency. The Gurugram-based startup claims to have doubled its revenue year on year for the past three years, while remaining profitable and is set to enter international markets this year. CTPL has raised a total of $4 million in a mix of dilutive and non-dilutive capital in this round. Physis Capital, the venture capital fund established by the team behind Inflection Point Ventures (IPV), is known for investing in companies like Bharat Pe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy. It targets startups from pre-Series A to Series B.