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Growth stage focused Physis Capital marks second investment of Rs 5 crore in CTPL

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  • Investment in CTPL: Physis Capital has invested Rs 5 crore in CTPL, a startup focused on modernizing the education sector through its Admissions as a Service platform, marking their second investment in the company.

  • Physis Capital Overview: A venture capital fund associated with Inflection Point Ventures (IPV), Physis Capital has a $50 million fund dedicated to tech-enabled startups addressing real-world challenges in India. They previously invested in other notable startups like BharatPe and Milkbasket.

  • CTPL’s Services: CTPL provides a comprehensive admissions platform featuring customizable workflows, CRM tools, and AI decision-making. Additionally, it offers industry-collaborative courses through its NextGen Academy to enhance student employability.

  • Financial Growth: CTPL has reportedly doubled its revenue year over year for the past three years while remaining profitable and has raised a total of $4 million in various forms of capital during this funding round.

  • Future Plans and Support: CTPL’s CEO expresses gratitude for Physis Capital’s backing in their growth journey, emphasizing plans to enhance technology, improve offerings, and prepare for significant expansion with projected annual revenues of Rs 50-60 crore.

Physis Capital has made its second investment of Rs 5 crore in CTPL, a startup modernizing the education sector with its Admissions as a Service platform. 

Physis Capital is a venture capital fund established by the team behind Inflection Point Ventures (IPV), known for investing in startups like BharatPe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy.

The $50 million fund focuses on supporting tech-enabled startups that solve real-world challenges for businesses and consumers in India, aiming for large-scale impact. Earlier this year, the fund invested in Ben & Gaws.

What does CTPL do?

CTPL is modernizing the education sector with its Admissions as a Service platform, streamlining enrollment for higher education institutes.

The startup’s tool features customizable workflows, CRM-driven lead management, and AI-powered decision-making for more efficient admissions. Beyond admissions, CTPL’s NextGen Academy offers industry-collaborative courses to prepare students for the future job market.

By optimizing operations and boosting student engagement, CTPL helps educational institutions increase revenue and improve overall efficiency.

It claims to have doubled its revenue year on year for the past 3 years while remaining profitable. 

CTPL has raised a total of $4 million in a mix of dilutive and non-dilutive capital in this funding round.

Leadership comments

Bikash Sahoo, CEO of CTPL, said, “Physis Capital has been an incredible partner in our journey backing us from the very beginning and offering invaluable support through their network and expertise. Investment by Physis is a positive reinforcement to our vision of building a Global Admissions Management Company, enabling educational universities and institutions to grow their businesses and create a next-generation educational environment.”

“With support from Physis Capital, IPV, GVFL, and other investors, we’re set to ramp up our tech capabilities, enhance our offerings, and drive global expansion. We’re gearing up for the next round in 6-9 months with an ARR of Rs 50-60 crore,” Sahoo added.

Investor comments

Ankur Mittal, General Partner, Physis Capital, said, “Physis Capital is committed to identifying and nurturing startups that use technology to address critical challenges and create meaningful impact. Our focus is on ventures that contribute to India’s foundational growth, which is why our first fund is structured as an India growth opportunity fund. We place a strong emphasis on fundamentals of the company including scalability and unit economics in our investment decisions.”


Here is a summary of the information provided in the article regarding the investment by Physis Capital and the startup CTPL:

Funds

  • Physis Capital
    • Type: Venture Capital Fund
    • Focus: Investing in tech-enabled startups solving real-world challenges in India.
    • Fund Size: $50 million
    • Notable Previous Investments: BharatPe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, Otipy.

Investors

  • Physis Capital
  • Inflection Point Ventures (IPV)
  • GVFL (Gujarat Venture Finance Limited) (mentioned as one of the investors)

Startup

  • CTPL (Company for Technology in Public Learning)
    • Focus: Modernizing the education sector with an "Admissions as a Service" platform.
    • Services: Streamlining enrollment for higher education institutes, offering customizable workflows, CRM-driven lead management, and AI-powered decision-making.
    • Offering: NextGen Academy with industry-collaborative courses.
    • Financial Performance: Doubled revenue year on year for the past three years while remaining profitable.
    • Total funds raised in this round: $4 million.

Founders

  • Bikash Sahoo
    • Role: CEO of CTPL

Fundraise Series

  • Recent Fundraise: Rs 5 crore (approximately $600,000) invested by Physis Capital.
  • Total Fundraise to Date: $4 million in this funding round, which includes dilutive and non-dilutive capital.

This succinctly presents an overview of the investment event highlighting key parties involved and their contributions.

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