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361 Degree gets $1 m funding

Career Launcher India Ltd., a Delhi-based education service provider, has invested $1 million (Rs 4.5 crore) in 361 Degree Minds Consulting Pvt Ltd., a Chennai-based research and technology company, to provide large-scale innovative and inventive solutions in the education and training system. The founders of 361 Degree Minds, C. P. Gopinathan and P. Rammohan, said it was the first round of funding from Career Launcher. Another $1 to $2 million was expected to come in the second round after six months. On the whole, Mr. Gopinathan said Career Launcher had taken only a significant minority stake in 361 Degree Minds. However, the founders did not reveal the exact stake taken by company due to non-disclosure agreement. […]