Financial details of the cash and stock deal were not disclosed.
According to a statement on Tuesday, “Through this deal, Mindler will focus on making virtual career internships accessible to school and college students through schools/institutions, career counselors, edtech partners.”
The edtech startup recently raised $1.5 million in a funding round led by HVB88 Angels, Ecosystem Ventures, Inflection Point Ventures, Enventures Singapore and Chennai Angels.
Founded in 2017 by Pratham Sutaria, Immerse enables students to access virtual career internships through an experiential, immersive and self-paced career discovery program.
Prateek Bhargava, Founder and CEO, Mindler, said, “Given the way the career world is being disrupted, internships and simulations are a very effective way to empower students to make an informed career decision.” “Through our pilot project, we found that 98.7% of students found the experience truly useful and we are excited to jointly create many more virtual career internships in the near future.”
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Internship opportunities should be provided to students in higher education as per the National Education Policy 2020. Over 88% of Indian youth prefer to do internships, India Skills Report 2020 has indicated. Still, students under the age of 18 have a hard time finding internships. that’s the difference Mindler Immerse Fill out your virtual program.
“Our completion rate is significantly higher than other self-paced edtech products,” said Sutaria, founder of Immerse. “Joining the Mindler ecosystem will help us accelerate growth. There are high synergies and we look forward to moving forward together with Mindler.”