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Aspiring Minds raises Series A Funding to Foster Labor Inclusion in India

New Delhi, November 10, 2011: Aspiring Minds, an employability assessment company, announced it has raised series A funding from Omidyar Network. Jayant Sinha, Partner, Omidyar Network India, will join the Board of Directors. The company did not disclose the funds that it raised.

Along with Omidyar Network, D S Brar also participated in the round. Currently, Brar is the chairman of GVK Biosciences, he also served as CEO of Ranbaxy until 2004. He was a Director at Reserve Bank of India until 2007.

Aspiring Minds will use the funding to extend its offerings to new verticals and expand to new geographies. Aspiring Minds' Computer Adaptive Test (AMCAT), the company's flagship product, provides standardised employability benchmarks to students and enables employers to evaluate students for effective job placement. Already widely used within India's information technology sector, the funds will enable Aspiring Minds to scale their reach in sectors such as BFSI, retail and hospitality industries.