Pune-Based Edtech Startup ‘Pariksha’ Raises $2 Million In Pre-Series A Funding Round
Pariksha, a Pune-based edtech startup, has raised $2 million in pre-Series A funding round.
The funding round was led by Bharat Inclusion Seed Fund, along with 9Unicorns, LetsVenture Plus, and Innercircle.
The round also saw participation from Pariksha’s existing investors, including INSEAD Angels and Venture Catalysts.
As per the startup, it plans to use the money to make the product more inclusive, and expand its reach with focus on using system intelligence.[Read: Indian Edtech Industry Is Estimated To Reach $12 Billion By 2025]
Started by Karanvir Singh, Vikram Shekhawat, Utkarsh Bagri, and Deepak Choudhary in 2015, Pariksha claims to be India’s largest vernacular test preparation company for the mobile 1st internet users of India.
The vernacular test prep app helps aspirants prepare for any state government job exam in the language of their choice, through videos and live streaming classes in the most affordable, convenient, and enriching manner.
Talking about the funding round, Karanvir Singh, Founder and CEO of Pariksha, said,
“With vernacular content on top of ever-evolving technology, Pariksha is poised to fuel the hunger for the success of crores of underserved aspirants. This round will help us shift up the gear, make the product more inclusive, and expand our reach with focus on using system intelligence. We are attracting huge interest from both domestic and foreign funds, including global financial institutions, and are in discussion with them to raise the next $10 million in Series A round of investment.”
Pariksha has launched its operations across 11 states, in six languages. The edtech platform claims to serve over three million users, with over 100,000 paid subscribers.
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