Creanovation Technologies Pvt. Ltd. (CTPL), an innovative platform specializing in admissions as a service, has secured Rs 5 crore in funding from Physis Capital, marking the second investment for the $50 million growth-stage-focused fund. Physis Capital’s earlier 2024 investment was in Ben & Gaws, and it has also backed notable companies like Bharat Pe, Blusmart, and Milkbasket.
Founded by Bikash Sahoo, CTPL streamlines the admissions process for educational institutions, offering an advanced platform with customizable workflows, CRM-integrated lead management, and AI-driven decision-making tools. Designed to enhance recruitment outcomes and efficiency, CTPL supports institutions in navigating the challenges of student admissions with greater precision and control.
CTPL has further diversified its offerings with the launch of NextGen Academy, an industry-aligned initiative aimed at equipping students with future-ready skills for an evolving job market. By collaborating with industry experts, NextGen Academy offers courses that bridge the gap between traditional education and the demands of modern employment, helping institutions enhance revenue while improving their operational efficiency.
The Gurugram-based company has shown exceptional growth, doubling its revenue annually for the last three years while maintaining profitability. With this funding round, CTPL has raised a total of $4 million in a combination of equity and non-equity capital. The fresh funds will be instrumental in driving CTPL’s international expansion, which is expected to begin later this year.
Physis Capital, which was launched by the team behind Inflection Point Ventures (IPV), focuses on investments in startups ranging from pre-Series A to Series B. The venture capital fund’s support highlights the growing interest in EdTech innovations that address core challenges in education through technology-driven solutions.
