About Ofabee
Ofabee is an Education company based in Thiruvananthapuram (India) founded in 2012 by Ayyappan Asokan and Syam Kumar, and was acquired by Olive Group in February 2021. Learning management system solutions are provided online for exam coaching. The company has 12 employees. Its chief executive, as recorded, is Ayyappan Asokan. Its Indian entity Enfin Technologies India Private Limited reported revenue of ₹6.30 Cr. The company was acqui-hired. Its focus areas include EdTech, Test Preparation Tech, Technology Enablers and Learning Management System. Its competitors include ViDU, Quampus and Test Katta; 1 of its 3 listed competitors has raised funding.
Company details
Online platform providing learning management system solutions. It allows coaching providers of competitive exams like IITJEE, SSC, IBPS, IELTS, NEET, Civil Service Examination, and more to create online mock tests and broadcast classes online. Other features of the platform include content management, sales, marketing, SEO, reporting, analytics, virtual classroom, and payment processing among others.
- Headquarters Thiruvananthapuram, India
- Employees 12
- Founders Ayyappan Asokan, Syam Kumar
- Stage Acquired
- SectorsEducation
- Email••••••••
- Phone•••• ••••
- Website ofabee.com
- Social LinkedIn X Facebook
- Acquired by Olive Group (Feb 2021)
- Legal Name Enfin Technologies India Private Limited
- Date of Incorporation 22 May, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.30 Cr
FY 2024 · +17% YoY
- Net Profit₹7.4 Lakh
FY 2024 · 1% margin
- EBITDA₹25.5 Lakh
FY 2024 · 4% margin
- Investors
- Employee Count12
- Acquired byOlive Group
(Feb 2021)
Associated legal entities of Ofabee
Ofabee operates through Enfin Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Enfin Technologies India Private Limited CIN U72200KA2009PTC049922 | Active | 22 May 2009 | Bengaluru, Karnataka | ₹6.3 Cr | 12 | 2 | View details |
Investors in Ofabee
Ofabee has secured backing from 1 investor. Prominent investors backing the company include Olive Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| olivegroup.io |
Investor details for Ofabee
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- Round participation
- Investor portfolios
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Board of directors of Enfin Technologies India Private Limited (Ofabee)
Enfin Technologies India Private Limited is the primary company behind Ofabee. The board of Enfin Technologies India Private Limited currently have 2 directors; the longest-serving is Syamkumar Padmanabhan Jayasree, appointed in 2009.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Syamkumar Padmanabhan Jayasree DIN 02356196 | Director | 22 May 2009 | 17 yrs 5 mo | Enfin Technologies India Private Limited |
| Ayyappan Asokan DIN 02356198 | Director | 22 May 2009 | 17 yrs 5 mo | Enfin Technologies India Private Limited |
People of Ofabee
2 people are tracked at Ofabee (2 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Syam Kumar | Co-Founder & Director | Leadership |
Complete people profiles for Ofabee
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Financials of Ofabee
Figures of Enfin Technologies India Private Limited, the primary company behind Ofabee, for FY 2024. Revenue was ₹6.30 Cr (+17% year on year). Net profit was ₹7.4 Lakh (1% margin). EBITDA was ₹25.5 Lakh (4% margin). Revenue has grown at a compounded annual rate of +9% over three years and +17% over five years.
- ₹6.30 CrRevenue · FY 2024 · +17% YoY
- ₹7.4 LakhNet profit · 1% margin
- ₹25.5 LakhEBITDA · 4% margin
- ₹1 LakhPaid-up capital
- 12Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Enfin Technologies India Private Limited are on its company page.
Detailed financial statements for Ofabee
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Ofabee
2 dated milestones of Ofabee across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Ofabee is founded.
- Exit Acquired by Olive Group.
Competitors of Ofabee
Ofabee has 3 listed competitors in our database, 1 of them funded. They include ViDU, Quampus and Test Katta.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vidu.tech | 2018 | Delhi, India | 367 | Provides comprehensive e-learning software solutions for coaching institutes. | ||
| quampus.com | 2007 | Noida, India | $215,808 | Online learning management systems are provided for educational institutions. | ||
| testkatta.com | 2012 | Pune, India | Provides mock tests for undergraduate engineering exam preparation. |
Detailed competitors of Ofabee
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Top companies in Test Preparation Platforms
3 companies that operate in the same segment as Ofabee (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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Frequently Asked Questions about Ofabee
Ofabee was founded in 2012.
Ofabee is headquartered in Thiruvananthapuram, India. It is registered at Thiruvananthapuram, Kerala, India.
Ayyappan Asokan is the CEO of Ofabee, as recorded in our data. They have also founded this company.
Ofabee has 12 employees.
The primary company behind Ofabee, Enfin Technologies India Private Limited, reported revenue of ₹6.30 Cr for FY 2024, up 17% year on year.
Online platform providing learning management system solutions. It allows coaching providers of competitive exams like IITJEE, SSC, IBPS, IELTS, NEET, Civil Service Examination, and more to create online mock tests and broadcast classes online. Other features of the platform include content management, sales, marketing, SEO, reporting, analytics, virtual classroom, and payment processing among others.
Ofabee's top competitors include Quampus, ViDU and Test Katta.
Ofabee has 1 investor. Key investors include Olive Group.
Ofabee operates through Enfin Technologies India Private Limited.
Yes. Ofabee was acquired by Olive Group in February 2021.
The legal entities of Ofabee currently have 2 directors, including Syamkumar Padmanabhan Jayasree, Ayyappan Asokan.