Testbook, an education technology startup which helps students prepare for recruitment exams for government jobs, has raised an undisclosed amount of funding from Matrix Partners. The company adds that book publisher S Chand Group has also invested in the company, though the details were not disclosed.
It had raised Rs 1.5 crore angel investment from LetsVentures and Ah! Ventures along with a few other angel investors. Of this, Ah! Ventures had invested 25 lakhs into the company. The startup will provide mock tests for SBI Clerk & SBI PO and IBPS PO and other recruitment exams for government jobs along with aptitude tests.
Students can buy mock tests from the Testbook website, Android app or through offline test centres. It offers personalized guidance and detailed solutions for all questions along with All India Ranking for select mock exams. It also has a daily current affairs app, in both Hindi and English, and the company claims that it has been downloaded by two million students.
The company was started by Ashutosh Kumar, Narendra Agarwal, Manoj Munna, Yadvendar Champawat, and Abhishek Sagar, as per information gleaned from LinkedIn. The company began its operations in 2014.
Currently, the Testbook has two subscription plans for the SSC & Railways and banking & insurance. Till date, the company claims to have over 1,322,231 students who have attempted over 216 million questions and 3.43 million tests.