Admissions mgmt enabler CTPL raises $4-M from GVFL, Physis Capital, others

Gurugram-headquartered admission management company CTPL (Creanovation Technologies Pvt Ltd) has raised USD 4 million (about INR 33 crore) in a Series A funding round consisting of equity and debt components. Led by Gujarat Ventures Pvt Ltd (GVFL), the round also saw participation from Physis Capital, UCIC, Recur and others.CTPL claims that its technology and strategic marketing innovations have streamlined university admissions, increasing efficiency and user-friendliness. The firm plans to use the fresh capital to expand offerings and also for global expansion.