Mumbai: Shark Tank India Season 3, which debuted on 22 January 2024, remains a riveting watch, showcasing a dynamic array of entrepreneurs and their compelling pitches.
The latest episode of Shark Tank Season 3 witnessed iDreamCareer founder Ayush Bansal & co-founder Squadron Leader N Praveen Kumar bagged a deal of Rs 1.10 crore from Ritesh Agarwal & Aman Gupta. The founders introduced the sharks about the need for career guidance among students. With the vision to help more young students achieve their career goals, it is the first-ever career counselling platform that took the stage of Shark Tank India 3.
iDreamCareer is India’s leading career counseling brand that offers comprehensive career & college guidance to students in schools & colleges. It has empowered one million plus students and has partnered with top corporates, private schools, and government institutions to make career guidance accessible for students, especially from disadvantaged backgrounds.
During their pitch, the sharks were impressed by the social impact created by the company. However, Peyush Bansal (founder of Lenskart) was not convinced by the business model of the company and that the company should look at expanding one of the business models.
Sharks Aman & Ritesh resonated strongly with the problem that iDreamCareer is solving; to give career & college guidance to young students.
Later the company got a deal of Rs 1.10 Crore at 60 crore valuation from Aman Gupta (founder of boAt) & Ritesh Agarwal (founder of OYO). The deal comprised Rs 60 lakh equity and the rest of Rs 50 lakh as eight per cent interest debt for two years.
iDreamCareer's last funding round was in 2022 where it raised Rs 12.50 Crore from Menterra Social Impact Fund, Gray Matters Capital & Artha Impact.