About Testbook
Testbook is a company based in Gurugram (India) founded in 2014 by Praveen Agrawal, Manoj Munna, and Ashutosh Kumar. It operates as a Subscription Services, Freemium, and EduTech. Testbook has raised $13.85 million across 6 funding rounds from investors including Wellfound, LetsVenture and S Chand Group. The company has 861 employees as of March 28, 2024. Testbook offers products and services including Online Test Series, SuperCoaching, and Study Materials. Testbook operates in a competitive market with competitors including Varsity Tutors, Descomplica, Princeton Review, Meritnation and Genshuixue, among others.
- Headquarter Gurugram, India
- Employees 861 as on 28 Mar, 2024
- Founders Praveen Agrawal, Manoj Munna, Ashutosh Kumar
- 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
*********
- Legal Name Testbook Edu Solutions Pvt. Ltd.
- Date of Incorporation 19 Mar, 2013
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$3.34 M (USD)93.04as on Mar 31, 2021
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Net Profit
$-4.37 M (USD)-112.56as on Mar 31, 2021
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EBITDA
$-3.6 M (USD)-158.1as on Mar 31, 2021
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Total Equity Funding
$13.85 M (USD)
in 6 rounds
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Latest Funding Round
$982.7 K (USD), Series B
Oct 31, 2022
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Investors
Wellfound
& 51 more
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Employee Count
861
as on Mar 28, 2024
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Products & Services of Testbook
Testbook offers a comprehensive portfolio of products and services, including Online Test Series, SuperCoaching, and Study Materials. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mock tests for government exams are provided online.
Live classes by experts are offered for preparation.
Comprehensive notes and resources are provided for exams.
Unlock access to complete
Funding Insights of Testbook
Testbook has successfully raised a total of $13.85M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $982.7 thousand completed in October 2022. 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 Series B — $982,700
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First Round
First Round
(09 Oct 2014)
- Investors Count 52
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - Testbook | Valuation | Bunch Microtechnologies |
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| Dec, 2019 | Amount | Series B - Testbook | Valuation | Iron Pillar | |
| Mar, 2017 | Amount | Series A - Testbook | Valuation | Z47 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Testbook
Testbook has secured backing from 52 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Wellfound, LetsVenture and S Chand Group. 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 |
|---|---|---|---|---|
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Growth capital provision and investment services for tech entrepreneurs across multiple locations.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location | |
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Venture capital investments in technology, consumer, and fintech platforms across India and beyond.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Testbook
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Testbook
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Testbook Comparisons
Competitors of Testbook
Testbook 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 Varsity Tutors, Descomplica, Princeton Review, Meritnation and Genshuixue, 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 online tutoring and test prep platform is operated.
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| domain | founded_year | HQ Location |
Online platform for ENEM exam preparation is offered to students.
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| domain | founded_year | HQ Location |
Test preparation for standardized exams is provided online.
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| domain | founded_year | HQ Location |
Provider of tutoring and learning resource platform for students
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| domain | founded_year | HQ Location |
Listing platform connecting students with online and offline tutors
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Testbook
Frequently Asked Questions about Testbook
When was Testbook founded?
Testbook was founded in 2014.
Where is Testbook located?
Testbook is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Testbook?
Ashutosh Kumar is the current CEO of Testbook. They have also founded this company.
Is Testbook a funded company?
Testbook is a funded company, having raised a total of $13.85M across 6 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Oct 09, 2014.
How many employees does Testbook have?
As of Mar 28, 2024, the latest employee count at Testbook is 861.
What is the annual revenue of Testbook?
Annual revenue of Testbook is $3.34M as on Mar 31, 2021.
What does Testbook do?
Testbook is established as a prominent online platform for government exam preparation in India. Various sectors such as SSC, banking, civil services, railways, and defense are covered through its services. Comprehensive solutions including mock tests, live classes, and study materials are provided to students. Support for multiple languages and personalized coaching through SuperCoaching is also offered. The platform is utilized by over 7.6 crore registered students aiming for success in competitive exams.
Who are the top competitors of Testbook?
Testbook's top competitors include Varsity Tutors, Meritnation and Princeton Review.
What products or services does Testbook offer?
Testbook offers Online Test Series, SuperCoaching, and Study Materials.
Who are Testbook's investors?
Testbook has 52 investors. Key investors include Wellfound, LetsVenture, S Chand Group, Iron Pillar, and Pivot Ventures.
What is Testbook's valuation?
The valuation of Testbook is $37.21M as of Oct 2022.