Meritnation, the online K-12 education website has raised Rs. 30 Crores from Info Edge. Prior to this round Info Edge had invested Rs. 31.5crore in Meritnation over three rounds.
Currently the site attracts more than 7500 new registrations daily and the funds will be largely used to build our brand, expand geographically, offer new boards and create new products for existing customers.
Meritnation was launched in 2009 and currently services students studying in Indian boards across 7 countries: India, UAE, Saudi Arabia, Oman, Kuwait Qatar, Bahrain with further international expansion on the cards.
InfoEdge’s other investment includes 99labels, Nogle Technologies, MyDala, PolicyBazaar and today announcedinvesting $3 Million in Zomato, the online food and restaurant directory.