Indian edtech startup that helps students prepare for government jobs raises ₹60 crore

• Indian edtech startup Testbook, which prepares students for government exams raised ₹60 crore in its Series B round of funding from Iron Pillar.
  
• The five year old startup is an online assessment platform that prepares for recruitment exams for a range of government jobs such as SBI PO, SSC CGL, IBPS PO and Railways.
  
• It also plans to invest in emerging technologies like data science and machine learning to provide an adaptive learning experience.

Indian edtech startup Testbook, which prepares students for government exams raised ₹60 crore in Series B round of funding from Iron Pillar — a venture capital growth investor. The round saw participation from existing investors — Matrix Partners India, Better Capital, AngelList India and Vikas Choudhury, President of Reliance Jio.

The five-year-old startup founded by a team of IIT graduates is an online assessment platform which helps students practice and prepare for recruitment exams. The government exams it covers include SBI PO, SSC CGL, IBPS PO and Railways through its mock test series and learning modules.

“With this growth capital, Testbook will aim to scale its live courses and mock tests from the current 100 exams to 400 exams. Content partnerships with reputed institutions, on top of our in-house content production capability, will provide extra mileage,” said Ashutosh Kumar, Co-Founder & CEO of testbook.

The online platform acts as a full-stack portal to prepare for employment.

India has over 90 million government job aspirants. The startup prepares these candidates for entry-level jobs with live sessions, tutorials and test analytics. Going ahead, it plans to invest in emerging technologies like data science and machine learning to provide an adaptive learning experience.

The startup claims to have over 10 million users registered on the portal — including 500,000 paid subscribers. Over the last three years, more than 35,000 of its users managed to land a government job or a rank.

As many as 40,000 free questions, 3,000 mock tests and 70 courses are available on the platform.

“This investment fits well with Iron Pillar’s approach of backing visionary entrepreneurs who are driving innovation along with proven execution and capital efficiency. We look forward to partnering with the Testbook team on the next phase of their growth and to collaborating with a terrific group of investors, led by Matrix,” said Sameer Nath, managing partner at Iron Pillar.

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