# OliveBoard Comptech Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oliveboard-comptech-pvt

- Industry: Education/Training
- Headquarters: Bangalore, India
- Website: www.oliveboard.in
- Total disclosed funding: $3.5M
- Latest round: Series A (Jul 19, 2021)
- Investors on record: 5

## About

OliveBoard Comptech Pvt Ltd is a leading online platform in India specializing in exam preparation, offering tailored educational services, including mock tests and personalized study planners for various competitive examinations.Founded in 2012, OliveBoard Comptech Pvt Ltd is based in Bangalore, India. The company focuses on providing a comprehensive platform for aspirants preparing for government exams. The founding team includes Abhishek Patil and V Kumar, with Abhishek Patil serving as the CEO. In July 2021, OliveBoard raised INR 230 million in a Series A funding round led by Indian Angel Network, among others, accumulating a total of INR 228.510 mn raised, with a current company valuation of INR 1068.035 mn.Oliveboard is a prominent exam preparation platform in India, primarily offering a comprehensive suite of online educational services tailored for various competitive exams. Its core product offerings include mock tests, adaptive learning pathways, and personalized study planners, all designed to cater to the unique needs of aspirants preparing for government examinations such as IBPS, SBI, SSC, UPSC, and others. These services leverage advanced AI technology to provide targeted feedback and recommendations based on individual performance, thus enhancing the learning experience. The platform serves a diverse clientele, including students and working professionals across India, focusing on major urban centers like Bangalore, Delhi, Mumbai, and Chennai. By providing realistic exam simulations and detailed analytics, Oliveboard addresses the challenge of preparing efficiently for high-stakes exams, thereby facilitating better outcomes for its users.In the most recent financial year 2023, OliveBoard reported a revenue of INR 2,431,209.60 and an EBITDA of INR -1,146,633.10. The company's revenue model is primarily based on subscription services, where users pay for access to various preparatory resources, including mock tests and tailored study materials. Clients typically subscribe to different plans that allow them to access a range of services, from basic mock tests to comprehensive packages that include personalized coaching and feedback.Following the recent funding round on July 19, 2021, OliveBoard plans to utilize the INR 230 million raised to expand its offerings to include a wider range of courses and preparation material for job-related exams. The company aims to enhance its platform with new products designed specifically for these exams. Furthermore, OliveBoard is exploring opportunities to expand into new markets across India, focusing on regions with high demand for exam preparation services.

## Funding rounds

- Series A, Jul 19, 2021, $3.1M — Indian Angel Network, Vistra ITCL, CBA Capital, Sparrow Tech Private Limited, Yukti Securities
- Series A, Nov 7, 2018, $0.5M — CBA Capital

## Investors

- CBA Capital (https://capitalatlas.ai/funds/cba-capital) — Series A
- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A
- Vistra ITCL — Series A
- Sparrow Tech Private Limited — Series A
- Yukti Securities — Series A