CTPL Secures $4 Million Series A Funding to Revolutionize Admissions Technology
New Delhi : CTPL has successfully secured $4 million Series A funding round, which includes a mix of dilutive and non-dilutive capital, reflecting the confidence of investors in the company's growth potential.
Led by Gujarat Ventures Private Limited (GVFL) and co-invested by Physis Capital, the round also saw participation from UCIC, Recur, and other investors. “GVFL is pleased to lead the investment in CTPL, a company at the forefront of transforming the education sector with its cutting-edge technology solutions. This investment underscores our commitment to supporting innovative ventures that drive significant impact. With CTPL's robust admissions management systems and visionary leadership, we are confident in their ability to empower educational institutions to achieve greater efficiencies and enhanced student experiences,” remarked Kamal Bansal, MD, GVFL.
This significant funding milestone underscores the pivotal role of technology in reshaping the landscape of admissions in education sector. CTPL’s technology and strategic marketing innovations have streamlined university admissions, increasing efficiency and user-friendliness. “We’ve closely monitored CTPL's progress and are delighted to see their annual revenue double over the past three years while maintaining profitability. With this funding, CTPL plans to expand its offerings and pursue global expansion. Physis Capital has been a strategic partner, offering experiential capital and connecting CTPL with key business partners. We at Physis are proud to support CTPL as they continue to innovate and lead the way in transforming university admissions,” said Anukr Mittal, Partner, Physis Capital.
“We are delighted to announce the successful closure of our recent funding round, which will catalyze our endeavors in revolutionizing the education sector through technological innovation,” stated Mr. Bikash Sahoo, Founder & CEO of CTPL. “With the backing of GVFL, Physis Capital, and all our partners, we are eager to broaden our reach and empower more universities to scale their admissions processes.”
About CTPL:
CTPL currently serves a diverse clientele, facilitating over 30,000 admissions for partner universities and institutions in the academic year 2024. CTPL's revenue has more than doubled in FY24, and the company aims for another 100% growth in FY25, indicating strong market demand for its solutions.
CTPL’s steadfast commitment to innovation and excellence has solidified its position as a trusted ally for educational institutions seeking to modernize their operations and provide a seamless student experience. By offering adaptable and personalized Admissions First solutions, CTPL is spearheading a more efficient and student-centric approach to admissions.
Leadership and Expertise:
Under the guidance of visionary founder Bikash Sahoo, who has a robust background in education, and a senior leadership team of experts, CTPL is dedicated to driving innovation and excellence in the education ecosystem. The leadership team’s wealth of experience and hands-on knowledge ensures that CTPL remains at the forefront of transforming the admissions landscape.
MidsCap Advisory, a Delhi-based boutique investment advisory firm, served as the exclusive advisor for this transaction.
