About Meritnation
Meritnation is an Education company based in Delhi (India) founded in 2008 by Ritesh Hemrajani and Pavan Chauhan, and was acquired by Aakash Educational Services in January 2020. Provider of tutoring and learning resource platform for students. Meritnation has raised $8.11 million across 6 funding rounds from investors including Info Edge, Aakash Educational Services and Info Edge Ventures. The company has 102 employees. Meritnation was last valued at $44.76 million in March 2013. Its chief executive, as recorded, is Pavan Chauhan. Its website meritnation.com draws about 18 thousand monthly visits. Its Indian entity Aakash Edutech Private Limited reported revenue of ₹11.82 Cr. Its focus areas include EdTech, K-12 EdTech, B2C Learning Solutions and School Curriculum. Its competitors include Vedantu and Oda Class; 2 of its 2 listed competitors have raised funding.
Company details
Meritnation was founded in 2008 in Delhi, India, as an edtech company focused on student education. Learning resources, including textbooks, video lessons, and practice tests, are offered for CBSE, ICSE, and state board curricula. Solutions for competitive exams such as JEE and AIPMT are also provided. Operations center on supporting academic needs via a digital platform accessible across India.
- Headquarters Delhi, India
- Employees 102
- Founders Ritesh Hemrajani, Pavan Chauhan
- Stage Acquired
- SectorsEducation
- Email••••••••
- Phone•••• ••••
- Website meritnation.com
- Social LinkedIn X Facebook
- Acquired by Aakash Educational Services (Jan 2020)
- Legal Name Aakash Edutech Private Limited
- Date of Incorporation 04 Apr, 2001
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹11.82 Cr
FY 2024 · -44% YoY
- Net Loss-₹26.95 Cr
FY 2024 · -228% margin
- EBITDA-₹9.21 Cr
FY 2024 · -78% margin
- Total Equity Funding$8.11M (USD)
in 6 rounds
- Latest Funding Round$5.87M (USD), Debt – Conventional
Dec 2017
- InvestorsInfo Edge
& 4 more
- Employee Count102
- Acquired by
Associated legal entities of Meritnation
Meritnation is associated with 2 registered companies on The Company Check; the primary company is Aakash Edutech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aakash Edutech Private Limited CIN U99999DL2001PTC110324 | Active | 04 Apr 2001 | New Delhi, Delhi | ₹11.8 Cr | 102 | 5 | View details |
| Aakash Educational Services Limited CIN U80300KA2007PLC150057 | Active | 15 Oct 2007 | Bangalore, Karnataka | ₹2,154 Cr | 5,131 | 9 | View details |
Funding Insights of Meritnation
Meritnation has successfully raised a total of $8.11M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5.87 million completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.11M
- Total Rounds 6
- Last Round Debt – Conventional — $5.87M
- First Round $1.54M
(Jun 2008)
- Investors Count 4
All 6 funding rounds of Meritnation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $5.87M | Debt – Conventional | – | – | |
| Jun 2015 | $3.91M | Debt – Conventional | – | – | |
| Dec 2013 | $1.61M | Debt – Convertible | – | – | |
| Mar 2013 | $5.46M | Series A | $44.76M | Info Edge | – |
| May 2010 | $1.11M | Seed | $8.08M | Info Edge Ventures | |
| Jun 2008 | $1.54M | Seed | $••••• | Info Edge Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2013 | $44.76M | •••••••• |
| May 2010 | $8.08M | •••••••• |
| Jun 2008 | $••••• | •••••••• |
Full valuation and stage history of Meritnation
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $44.76M (Mar 2013). 5 investors in total: 3 institutional and 2 angel.
Investors in Meritnation
Meritnation has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Info Edge, Aakash Educational Services and Info Edge Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm backed by Info Edge and Temasek | infoedgeventures.in | Noida, India | ||
A multi-group online classifieds company operating across diversified sectors | 1995 | infoedge.in | Delhi, India | |
VK Vivek Khare | Angel investor, ex-Amazon, focused on tech startups in India | unknown_655df9beeeba4416a | ||
SM Sharad Malik | unknown_14ef1c5fb5fb4d8c9 | |||
Chain of centers offering coaching for medical & engineering entrance exams | 2000 | aakash.ac.in | Delhi, India |
Investor details for Meritnation
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Board of directors of Aakash Edutech Private Limited (Meritnation)
Aakash Edutech Private Limited is the primary company behind Meritnation. The boards of the 2 registered companies of Meritnation currently have 9 directors; the longest-serving is Byju Raveendran, appointed in 2023. 66 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Byju Raveendran DIN 03408398 | Director | 19 Jan 2023 | 3 yrs 9 mo | Aakash Edutech Private Limited |
| Ajay Khanna DIN 09244621 | Director | 01 Aug 2023 | 3 yrs 2 mo | Aakash Educational Services Limited |
| Shailesh Vishnubhai Haribhakti DIN 00007347 | Director | 11 Aug 2023 | 3 yrs 2 mo | Aakash Educational Services Limited |
| Nikhil Manohar Naik DIN 00202779 | Director | 11 Aug 2023 | 3 yrs 2 mo | Aakash Educational Services Limited |
| Sachin Saxena DIN 10693864 | Director | 08 Jul 2024 | 2 yrs 3 mo | Aakash Edutech Private Limited |
| Bhumika Batra DIN 03502004 | Director | 21 Oct 2024 | 2 yrs | Aakash Educational Services Limited |
| Danda Venkateshwar Prasad DIN 01280303 | Director | 21 Oct 2024 | 2 yrs | Aakash Educational Services Limited |
| Vaitheeswaran Seetharaman DIN 01814726 | Director | 28 Feb 2025 | 1 yr 7 mo | Aakash Educational Services Limited |
| Chandra Sekhar Reddy Garisa DIN 03057784 | Additional Director | 05 Nov 2025 | 11 mo | Aakash Edutech Private Limited, Aakash Educational Services Limited |
People of Meritnation
2 people are tracked at Meritnation (2 in leadership); the tracked headcount is 102.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Meritnation
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Verified entity values are shown only after access is granted.
Financials of Meritnation
Figures of Aakash Edutech Private Limited, the primary company behind Meritnation, for FY 2024. Revenue was ₹11.82 Cr (-44% year on year). Net loss was -₹26.95 Cr (-228% margin). EBITDA was -₹9.21 Cr (-78% margin). Revenue has grown at a compounded annual rate of -36% over three years and -20% over five years.
- ₹11.82 CrRevenue · FY 2024 · -44% YoY
- -₹26.95 CrNet loss · -228% margin
- -₹9.21 CrEBITDA · -78% margin
- ₹25.03 CrPaid-up capital
- 102Employees (provident fund records)
- -36%Revenue CAGR, 3 years
- -20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aakash Edutech Private Limited are on its company page.
Detailed financial statements for Meritnation
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Meritnation
6 dated milestones of Meritnation across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Meritnation is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Info Edge Ventures.
- Funding Latest funding round, Debt – Conventional, of $5.9M.
- Exit Acquired by Aakash Educational Services.
Competitors of Meritnation
Meritnation has 2 listed competitors in our database, 2 of them funded. They include Vedantu and Oda Class.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vedantu.com | 2011 | Bengaluru, India | $341M | 1,172 | Live interactive K-12 tutoring platform is provided online. | |
| odaclass.com | 2017 | Bengaluru, India | $12.75M | 577 | Online tutoring platform for k-12 students |
Detailed competitors of Meritnation
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Meritnation
The website of Meritnation (meritnation.com) receives about 17.7K visits a month.
- Monthly visits17.7K
▲ 111.2% vs previous month
Websites whose visitors overlap most with Meritnation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| extramarks.com | 100% | 567.4K | #60,399 | View details | |
| aglasem.com | 100% | 1.5M | #40,574 | View details | |
| educomp.com | 100% | 3.2K | #5,284,603 | View details | |
cbseguess.com | cbseguess.com | 99% | #419,367 | – | |
worldwidelearn.com | worldwidelearn.com | 95% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 35 similar websites and full traffic analytics for Meritnation
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- 35 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Test Preparation Platforms
3 companies that operate in the same segment as Meritnation (Test Preparation Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 275 M | USD 415.66 M | 15,046 | |
An online platform for competitive exam preparation is provided. | 2016 | Gurugram, Haryana, India | USD 64.98 M | USD 15.59 M | ||
Mobile and SaaS-based platform providing e-learning and test preparation platform for students | 2013 | Mumbai, Maharashtra, India | USD 116.06 M | USD 12.77 M |
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Related news about Meritnation
Complete news archive for Meritnation
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Frequently Asked Questions about Meritnation
Meritnation was founded in 2008.
Meritnation is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Pavan Chauhan is the CEO of Meritnation, as recorded in our data. They have also founded this company.
Meritnation is a funded company, having raised a total of $8.11M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.54M, raised on Jun 2008.
Meritnation has 102 employees.
The primary company behind Meritnation, Aakash Edutech Private Limited, reported revenue of ₹11.82 Cr for FY 2024, down 44% year on year.
Meritnation was founded in 2008 in Delhi, India, as an edtech company focused on student education. Learning resources, including textbooks, video lessons, and practice tests, are offered for CBSE, ICSE, and state board curricula. Solutions for competitive exams such as JEE and AIPMT are also provided. Operations center on supporting academic needs via a digital platform accessible across India.
Meritnation has 5 investors. Key investors include Info Edge, Aakash Educational Services, Info Edge Ventures, Vivek Khare, and Sharad Malik.
The valuation of Meritnation is $44.76M as of Mar 2013.
Meritnation is associated with 2 legal entities: Aakash Edutech Private Limited, Aakash Educational Services Limited.
Yes. Meritnation was acquired by Aakash Educational Services in January 2020.