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
-
Sectors
Education
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Aakash Edutech Private Limited
- Date of Incorporation 04 Apr, 2001
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$2.52 M (USD)-52.82as on Mar 31, 2023
-
Net Profit
$-4.98 M (USD)-22.77as on Mar 31, 2023
-
EBITDA
$-3.39 M (USD)-17.86as on Mar 31, 2023
-
Total Equity Funding
$8.11 M (USD)
in 6 rounds
-
Latest Funding Round
$5.87 M (USD), Debt – Conventional
Dec 11, 2017
-
Investors
Info Edge
& 4 more
-
Employee Count
102
as on Apr 06, 2024
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
-
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 |
|
| Jun, 2015 | Amount | Debt – Conventional - Meritnation | Valuation |
investors |
|
| Dec, 2013 | Amount | Debt – Convertible - Meritnation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | 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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm backed by Info Edge and Temasek
|
Founded Year | Domain | Location | |
|
A multi-group online classifieds company operating across diversified sectors
|
Founded Year | Domain | Location | |
|
VK
Vivek Khare |
Angel investor, ex-Amazon, focused on tech startups in India
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Meritnation
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Meritnation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live interactive K-12 tutoring platform is provided online.
|
|
| domain | founded_year | HQ Location |
Provider of online tutoring platform for K-12 students
|
|
| domain | founded_year | HQ Location |
Self-learning solutions are delivered via an online education platform.
|
|
| domain | founded_year | HQ Location |
Live online tutoring and test prep platform is operated.
|
|
| domain | founded_year | HQ Location |
On-demand one-to-one tutoring is connected between students and tutors.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Meritnation
Frequently Asked Questions about Meritnation
When was Meritnation founded?
Meritnation was founded in 2008.
Where is Meritnation located?
Meritnation is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Meritnation?
Pavan Chauhan is the current CEO of Meritnation. They have also founded this company.
Is Meritnation a funded 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.
How many employees does Meritnation have?
As of Apr 06, 2024, the latest employee count at Meritnation is 102.
What is the annual revenue of Meritnation?
Annual revenue of Meritnation is $2.52M as on Mar 31, 2023.
What does Meritnation do?
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.
Who are the top competitors of Meritnation?
Who are Meritnation's investors?
Meritnation has 5 investors. Key investors include Info Edge, Aakash Educational Services, Info Edge Ventures, Vivek Khare, and Sharad Malik.
What is Meritnation's valuation?
The valuation of Meritnation is $44.76M as of Mar 2013.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.