# Testbook Edu Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/testbook-edu-solutions-pvt

- Industry: Education/Training
- Headquarters: Mumbai, India
- Website: www.testbook.com
- Total disclosed funding: $12M
- Latest round: Series B (Dec 24, 2019)
- Investors on record: 9

## About

Testbook Edu Solutions Pvt. Ltd. is an online platform specializing in government exam preparation in India, offering mock tests, live classes, and tailored study resources for competitive exams.Founded in 2013 in Mumbai, India, Testbook Edu Solutions Pvt. Ltd. operates as an independent entity specializing in online education for competitive exams. The company was co-founded by Ashutosh Kumar, Manoj Munna, Narendra Agrawal, and Praveen Agrawal. The CEO is Ashutosh Kumar. Testbook has engaged in 7 deals, with the most recent deal occurring on September 13, 2022, when Classplus acquired 7,867 shares from major investors, raising a total of INR 180.000 mn.Testbook.com is a comprehensive online platform designed specifically for government exam preparation in India. The company's core offerings include a wide range of mock tests, live classes, skill development courses, and study resources tailored to various competitive exams. These products are utilized by over 1.8 crore registered students, facilitating their preparation for exams such as the IAS, SSC, RRB, and other state and central government job assessments. The platform provides content in eight languages, catering to a diverse client base that includes students from different geographical regions across India. Key features include real-time performance analytics, personalized learning experiences, and extensive libraries of previous year’s papers to enhance exam readiness and confidence.In the most recent year, 2023, Testbook.com reported a revenue of INR 6,996,061.90 and an EBITDA of INR -13,661,239.10. The company generates revenue primarily through subscription-based services, including various tiers of their Testbook Pass, which grants users access to a suite of preparation tools and resources. Customers can choose from multiple pricing plans to suit their needs, allowing for flexibility in how they engage with the content. The revenue model includes direct-to-consumer transactions, where individuals subscribe to access premium content, as well as potential partnerships with educational institutions for bulk subscriptions.Following the most recent funding deal on September 13, 2022, Testbook plans to leverage the capital raised to enhance its platform and expand its offerings. The company is focused on developing new products and services tailored to meet the evolving needs of students preparing for government exams. Testbook aims to extend its reach into additional markets across India, targeting regions with growing demand for online examination preparation services. The new initiatives will likely focus on enhancing technology and user experience to foster customer loyalty and encourage subscription growth.

## Funding rounds

- Series B, Dec 24, 2019, $8.1M — Vistra ITCL, Iron Pillar, Z47, Better Capital, AngelList India, Pivot Ventures Pte. Ltd.
- Series A, Mar 31, 2017, $3.5M — Z47
- Series A, Oct 9, 2014, $0.2M — ah! Ventures, Singapore Angel Network, LVX

## Investors

- ah! Ventures (https://capitalatlas.ai/funds/ah-ventures) — Series A
- Singapore Angel Network (https://capitalatlas.ai/funds/singapore-angel-network) — Series A
- LVX (https://capitalatlas.ai/funds/lvx) — Series A
- Z47 (https://capitalatlas.ai/funds/z47) — Series A, Series B
- Vistra ITCL — Series B
- Iron Pillar (https://capitalatlas.ai/funds/iron-pillar) — Series B
- Better Capital — Series B
- AngelList India — Series B
- Pivot Ventures Pte. Ltd. — Series B