The test-prep platform Pariksha has raised Rs 4 crore in its ongoing pre-Series A round from incubator and accelerator Venture Catalysts. The Pune-based startup is an online vernacular competitive examination preparatory platform focused on enabling candidates optimize their preparations for various government examinations.
The fresh capital will be used by the company to strengthen its product offerings, improve back-end operations and expand presence across India.
Pariksha is operating across 6 states in India. It has already acquired over 1 million mobile-first internet users with more than 25,000 paid subscribers.
Dr. Apoorv Ranjan Sharma, Co-Founder & President, Venture Catalysts, said, “Pariksha’s team has a clear vision and a massive target audience spanning not only tier-II, III cities and rural regions, but also a certain student demographic in urban centers. It is a one-stop preparatory platform for a vast number of examinations, and has an easy-to-engage interface that offers greater convenience to candidates. We are certain of a successful and long-standing association with Pariksha, and hope to facilitate them in every way possible during their growth journey.”
Karanvir Singh, Co-Founder, Pariksha, stated, “It feels great to be backed by Venture Catalysts, one of India’s biggest investment networks and a dedicated platform that offers the best kind of support to emerging start-ups across industries. Pariksha is the brainchild of four individuals who have closely observed the Indian academic landscape and wanted to play an active part in the digital transformation its going through currently.”
“We developed Pariksha as an all-in-one empowerment platform, helping students to prepare for examinations in the most convenient and enriched manner. This investment will help us to strengthen our product offerings, bolster back-end operations and expand our reach all over India. We are also looking forward to benefit from the insights and experiences of the leading entrepreneurs, investors and experts in the VCats’ network,” he added.
