Gurgaon-based online skill assessment company, Aspiring Minds has
acquired LetsIntern.com, an online and mobile internship platform for an
undisclosed amount. The acquisition is part of Aspiring Minds
multi-million dollar investment plan in the internship space and this
strategic acquisition gives it immediate access to it. LetsIntern will
continue to operate independently.
Commenting on the acquisition, Himanshu Aggarwal, CEO, Aspiring Minds said, "LetsIntern.com gives us a very reliable presence in the internship space and in continuing our efforts to add more value to students, colleges and corporations. We expect to combine the reach of both AMCAT and Letsintern platforms and achieve significant synergies. We are excited to welcome the LetsIntern.com team to the Aspiring Minds family."
LetsIntern.com has tremendous synergy with the company's flagship product AMCAT, which is used by millions of young and early job seekers, 1000s of colleges and universities and over 3500 corporations.
Rishabh Gupta, co-founder & CEO of LetsIntern.com said, "This is a very exciting step for LetsIntern in its journey so far as the foremost platform in the internship space. We were able to instantly synergize with Aspiring Minds' vision of revolutionizing the education and employment ecosystem in the world. We are confident that LetsIntern experience in the internship space and established network of millions of students and more than 22000 organizations will add great value in the best in class business that Aspiring Minds has made."
Pranay Swarup, co-founder and COO of Letsintern.com added "Letsintern was built with a vision to best connect students to their careers and the very next step in solving this complex problem is to be able to assess skill sets and suggest next steps."
"Our aim is to basically help students get the right job in the labor market by merit. We believe internship is an integral part of the talent identification and improvement process. It is thus natural for us to provide this service to students, mediated by assessments, to make the labor market overall more efficient," said Varun Aggarwal, CTO, Aspiring Minds.
This is Aspiring Minds' second acquisition. Earlier this year, it had acquired mobile-tech startup Mizcoin in as many quarters indicating it's strive to scale its efforts in the ecosystem. They also announced an ed-tech fund to seed investments in likeminded start-ups.
Commenting on the acquisition, Himanshu Aggarwal, CEO, Aspiring Minds said, "LetsIntern.com gives us a very reliable presence in the internship space and in continuing our efforts to add more value to students, colleges and corporations. We expect to combine the reach of both AMCAT and Letsintern platforms and achieve significant synergies. We are excited to welcome the LetsIntern.com team to the Aspiring Minds family."
LetsIntern.com has tremendous synergy with the company's flagship product AMCAT, which is used by millions of young and early job seekers, 1000s of colleges and universities and over 3500 corporations.
Rishabh Gupta, co-founder & CEO of LetsIntern.com said, "This is a very exciting step for LetsIntern in its journey so far as the foremost platform in the internship space. We were able to instantly synergize with Aspiring Minds' vision of revolutionizing the education and employment ecosystem in the world. We are confident that LetsIntern experience in the internship space and established network of millions of students and more than 22000 organizations will add great value in the best in class business that Aspiring Minds has made."
Pranay Swarup, co-founder and COO of Letsintern.com added "Letsintern was built with a vision to best connect students to their careers and the very next step in solving this complex problem is to be able to assess skill sets and suggest next steps."
"Our aim is to basically help students get the right job in the labor market by merit. We believe internship is an integral part of the talent identification and improvement process. It is thus natural for us to provide this service to students, mediated by assessments, to make the labor market overall more efficient," said Varun Aggarwal, CTO, Aspiring Minds.
This is Aspiring Minds' second acquisition. Earlier this year, it had acquired mobile-tech startup Mizcoin in as many quarters indicating it's strive to scale its efforts in the ecosystem. They also announced an ed-tech fund to seed investments in likeminded start-ups.
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