MockBank which helps students prepare for public sector job exams has acquired Litoro. The terms of the deal remain undisclosed.
Founded in 2012, Litoro is a Vijayawada-based web and mobile services company and earlier worked with MockBank and developed the first version of MockBank’s product. Post-acquisition, Litoro will now help MockBank develop and maintain their products.
MockBank, founded in 2013 claims to have more than 100,000 users and plans to focus on public sector jobs. Earlier, MockBank had raised $400,000 in seed funding led by Blume Ventures. Mercatus Capital, Amit Ranjan and Srivatsan Rajan also participated in the funding round.[source]