Bengaluru: Exam preparation platform Gradeup has raised $7 million in Series-A funding from Times Internet. This is the second fundraise for the startup which has raised a total of $10 million to date. Gradeup plans to use the funds raised to diversify its offerings, improve its tech and product capabilities and scale the academic team.
“We are investing fresh funds to further build our live online coaching platform, scale our academic team to 100 faculties and 200 subject matter experts and to expand further in Tier 2,3,4 towns,” said Shobhit Bhatnagar, chief executive, Gradeup.
Gradeup also offers exam specific communities that enable students to interact with fellow peers and mentors, ask questions, share updates and access free study material.
“Gradeup has been able to build the largest online student communities in India, and we are excited to be partners in their mission to improve education in India,” said Gautam Sinha, CEO, Times Internet, a part of the Times Group that also publishes this newspaper.