Indian Angel Network invests in RankJunction.com

The investment was led by IAN members Jay Chopde and Ravi Kiran, who will join the RankJunction.com board.

Founded in 2011 by Sameer and Rashmi Gautam, the website allows users to prepare for competitive exams by taking live mock tests online. Afterwards, users are offered performance analysis and get to see how their score ranks nationally.

The investment will be used for product development and to expand the business by launching of more paid tests, putting more coaching classes onto the website, creating alternate distribution channels and adding new courses for the students.

"RankJunction fills a key void in the marketplace by creating a simple and sophisticated platform for students to take online exams and prepare better for the competitive examination, " said Kiran in a statement . "We see great potential in this venture and in the team to deliver the desirable results."

There has been considerable activity in India's education space in recent weeks. Earlier this month, Aditya Birla Capital Advisors-backed pre-school management company Tree House Education, acquired 100% of Brainworks Learning Systems, a national chain of pre-schools. 

Last month, Avigo Capital and Matrix Partners India together invested INR1 billion ($18.7 million) in education service provider Maharana Infrastructure and Professional Services (MIPS).

 

 

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