CTPL, a leading provider of technology solutions for university admissions, has successfully raised $4 million in its Series A funding round. The investment round was spearheaded by Gujarat Ventures Private Limited (GVFL), with additional participation from UCIC, Recur, and several other prominent investors.
Bikash Sahoo, Founder and CEO of CTPL, expressed his enthusiasm for the new funding, stating, “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.”
The Delhi-based company plans to utilize the newly acquired funds to expand its product offerings and pursue global expansion. Anukr Mittal, Partner at Physis Capital, commented on the company’s growth strategy, stating, “With this funding, CTPL plans to expand its offerings and pursue global expansion.”
MidsCap Advisory, a boutique investment advisory firm based in Delhi, acted as the advisor for the transaction.