Physis Capital, a growth-stage venture fund, has made its second investment of Rs 5 crore in Creanovation Technologies Pvt. Ltd. (CTPL), marking a significant milestone for the educational technology platform. With this funding, CTPL plans to expand its innovative admissions platform while preparing to enter international markets.
Physis Capital’s Growing Investment Portfolio
The $50 million fund, Physis Capital, has been actively investing in high-potential startups. Its second investment, CTPL, follows the fund’s earlier stake in Ben & Gaws this year. Established by the team behind Inflection Point Ventures (IPV), Physis Capital has a track record of backing diverse companies such as Bharat Pe, Blusmart, and Milkbasket. Their primary focus is on startups ranging from pre-Series A to Series B, and CTPL fits neatly into their growth-stage strategy.
The fund’s decision to back CTPL highlights its confidence in the startup’s unique approach to transforming the admissions process for educational institutions. This move also signals Physis Capital’s interest in tapping into the rapidly growing edtech space.
What Sets CTPL Apart in the Education Sector?
Founded by Bikash Sahoo, Creanovation Technologies Pvt. Ltd. (CTPL) offers more than just a traditional admissions platform. The company is revolutionizing the way educational institutions handle admissions by providing customizable workflows, CRM-driven lead management, and AI-powered decision-making tools. These features allow for a streamlined process that increases efficiency and enhances the overall admissions experience.
But CTPL’s offerings go beyond just admissions management. The startup also operates the NextGen Academy, which collaborates with industries to design future-focused courses. These programs are aimed at equipping students with skills that will help them thrive in a fast-evolving job market. For educational institutions, CTPL’s platform promises to increase revenue streams while optimizing operational efficiency.
CTPL’s ability to combine AI and industry collaboration sets it apart in an increasingly competitive edtech landscape.
Strong Growth and International Expansion Plans
CTPL’s track record has been impressive. Over the past three years, the company has doubled its revenue year on year while maintaining profitability. This consistent growth has positioned the startup as a promising player in the edtech space. With the fresh infusion of capital, CTPL is ready to expand its footprint beyond India, targeting international markets in the near future.
In addition to this, CTPL has raised a total of $4 million in this funding round. This includes both dilutive and non-dilutive capital, reflecting the growing confidence in the company’s business model and its potential for scaling globally.
CTPL’s Revenue Growth (Year-on-Year)
| Year | Revenue Growth |
|---|---|
| 2021 | 50% |
| 2022 | 75% |
| 2023 | 100% |
This steady growth trajectory has made CTPL an attractive investment for Physis Capital. The startup’s profitability and strategic market positioning make it a prime candidate for continued success, especially as it targets expansion into global markets.
The Role of Physis Capital in Edtech Innovation
Physis Capital’s investment in CTPL underscores the fund’s commitment to supporting cutting-edge innovation in the education sector. With a portfolio that includes a mix of financial technology, mobility, and consumer goods companies, Physis Capital has shown a keen interest in funding disruptive technologies across industries.
The focus on edtech, especially companies like CTPL that blend technology with education, is part of a larger trend where venture capitalists are betting on the future of learning and skill development. As more students and educational institutions look for smarter, more efficient ways to manage their processes, platforms like CTPL are well-positioned to lead the charge.
Physis Capital’s backing provides CTPL with the financial resources and strategic guidance necessary to expand its capabilities, refine its offerings, and continue its trajectory of growth.
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