Mumbai: Edtech platform Oliveboard has raised pre-Series A funding of INR 23 crore led by Indian Angel Network (IAN) Fund with participation from Education Catalyst Fund (ECF) and Yukti Securities, the company said in a statement on Monday.
According to the company, this funding will enable it to increase the number of national-level courses and exams it offers, as well as add state-level categories. The Bengaluru-based startup will also invest in technology for interactive data-driven products, which will enable more granularly customised learning for individuals.
Abhishek Patil and V Satish Kumar founded the company in 2015 with the goal of providing aspirants with data-driven intelligent learning solutions such as Live Classes, Practice Tests, Live Practice Sessions, remedial material, and other forms of interactive content.
As per the information, the startup supports 50 government exams and has over 8 million users throughout the country.
