About Meritnation
Meritnation is a company based in Delhi (India) founded in 2008 by Ritesh Hemrajani and Pavan Chauhan was acquired by Aakash Educational Services in January 2020. 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 as of April 06, 2024. Meritnation operates in a competitive market with competitors including Vedantu, GoStudent, Ruangguru, Varsity Tutors and Filo, among others.
- Headquarter Delhi, India
- Employees 102 as on 06 Apr, 2024
- Founders Ritesh Hemrajani, Pavan Chauhan
- Stage Minicorn
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Aakash Edutech Private Limited
- Date of Incorporation 04 Apr, 2001
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.52 M (USD)-52.82as on Mar 31, 2023
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Net Profit
-$4.98 M (USD)-22.77as on Mar 31, 2023
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EBITDA
-$3.39 M (USD)-17.86as on Mar 31, 2023
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Total Equity Funding
$8.11 M (USD)
in 6 rounds
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Latest Funding Round
$5.87 M (USD), Debt – Conventional
Dec 11, 2017
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Investors
Info Edge
& 4 more
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Employee Count
102
as on Apr 06, 2024
- Acquired by
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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 Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $5.9M
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First Round
First Round
(12 Jun 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Debt – Conventional - Meritnation | Valuation |
investors |
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| Jun, 2015 | Amount | Debt – Conventional - Meritnation | Valuation |
investors |
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| Dec, 2013 | Amount | Debt – Convertible - Meritnation | Valuation |
investors |
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 |
|---|---|---|---|---|
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location | |
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A multi-group online classifieds company operating across diversified sectors
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Founded Year | Domain | Location | |
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VK
Vivek Khare |
Angel investor, ex-Amazon, focused on tech startups in India
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Founded Year | Domain | Location |
Investments & Acquisitions by Meritnation
Financial Statements - Meritnation
Meritnation Comparisons
Competitors of Meritnation
Meritnation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vedantu, GoStudent, Ruangguru, Varsity Tutors and Filo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live interactive K-12 tutoring platform is provided online.
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| domain | founded_year | HQ Location |
Provider of online tutoring platform for K-12 students
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| domain | founded_year | HQ Location |
Self-learning solutions are delivered via an online education platform.
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| domain | founded_year | HQ Location |
Live online tutoring and test prep platform is operated.
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| domain | founded_year | HQ Location |
On-demand one-to-one tutoring is connected between students and tutors.
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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 current CEO of Meritnation. 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 Debt – Convertible of $1.61M, raised on Jun 12, 2008.
As of Apr 06, 2024, the latest employee count at Meritnation is 102.
Annual revenue of Meritnation is $2.52M as on Mar 31, 2023.
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.