Oliveboard, an edtech platform focused on competitive exams, has raised pre-Series A funding of ₹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.
This funding will enable Oliveboard to expand its number of national-level courses and exams, and to add state-level categories. The Bengaluru-based startup will further focus on investing in technology for interactive data-driven products which will lead to customised learning at a more granular level for individuals, the statement said.
Founded by Abhishek Patil and V Satish Kumar, the platform focusses on the aspirational student base, provides access to affordable and high-quality coaching to graduates preparing for jobs in the government sector. Oliveboard’s adaptive platform uses a data-driven approach for intelligent learning and offers live classes, practice tests, live practice sessions, remedial material and other forms of interactive content to aspirants.
Oliveboard has over 8 million users spanning across 2,500 cities and towns in India, the statement claimed.
“There is no one-size-fits-all approach. We follow a personalized approach to learning that offers convenience and flexibility to aspirants preparing for government exams. Our key focus area is to provide data-driven personalized coaching to each learner based on their preparation levels for an exam. Given our success in the Banking & Insurance exam category, we are well-positioned to expand our offerings seamlessly into other newer and lesser served exam categories,” said Abhishek Patil, co-founder of Oliveboard.
The edtech platform currently supports 50 government exams. In the coming years, Oliveboard is planning to add over 100 various national and state-level exams to its bouquet of offerings.
(Except for the headline, this story has not been edited by The Technology Express staff and is published from a syndicated feed)
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