The Bangalore based company will use the funds to expand its physical presence in different cities, grow its sales, marketing and technology team and focus on user acquisition.
Founded in 2011 by Rakesh Kalra, ThinkVidya covers categories including school & college Tuitions, Exam Entrance, IT, Professional Skills Development, Dance, Music, Photography, Painting, Cooking, Yoga, and others.
In 2013, the company grew 4.5 times in revenues over 2012 and grew its user base by about 4 times, it said. Currently, there are over 1,30,000 individual teachers, tutors and institutes registered on the platform.
The company plans to expand its team size to 70 members by the end of 2014. Currently, it has 30 people working for it in Bangalore.