Delhi-NCR based ed-tech platform Gradeup has announced that it has raised USD 7 million from India’s largest digital products company Times Internet in a fresh funding round.
With this funding, the company’s total funding comes to USD 10 million. The company is planning to invest the funds into enhancing its tech and product capabilities, increase the academic team to 100 faculties and 200 subject matter experts along with expanding its reach to tier II, III, IV towns.
In 2015, the firm was founded by Shobhit Bhatnagar, Vibhu Bhushan, and Sanjeev Kumar. It helps the students to prepare for competitive examinations like JEE, NEET, IBPS, SSC, TET, GATE, UPSC, among others.
It also provides live courses that engage students through live classes, interactive quizzes, mock tests, and round the clock mentorship.
For the current fiscal year, Gradeup expects the number of enrolments to touch 60,000 students, and 1,50,000 by the next fiscal year.