Company Name : Testbook
Funding Amount : Undisclosed
Funding Round : Not Disclosed
Mumbai based Edtech startup Testbook has raised an undisclosed amount of funding from education content provider, S Chand.
Founded by 6 IITians, the startup aims to build a personalized one stop solution for all competitive exams in the country including Bank PO, IBPS LIC, UPSC, SSC GATE etc. The platform allows students to conduct live tests, which are designed to simulate an environment similar to the actual examination.
The raised funding will be used to focus on product improvement and strategizing to increase reach.
“Testbook currently has close to 4 lakh users and over 1 lakh downloads on its mobile app and has conducted over 7.5 lakh tests in its platform. Our vision is to bring a one-stop personalized learning experience to students through our innovative platform and rich, quality content. This association with S Chand will help expand our reach and enter into new markets”, said Ashutosh Kumar, Co-Founder and CEO, Testbook.
The S Chand Group has been investing in the fast growing Edtech space, having completed five transactions since 2014 and created a presence in smart class solutions, tablet-based content delivery, STEM based activity kits, home tutoring and online test preparation.