About The Gate Academy
The Gate Academy is a company based in Bengaluru (India) founded in 2009 by Ambar Shamim, Arjun Somasekhara, Ritesh Raushan, Kanti Prasad, and Nitin Rakesh Prasad was acquired by upGrad in November 2020. The Gate Academy has raised $228.94 thousand across 3 funding rounds from investors including upGrad, Malathi Somashekar and Arjun Somasekhara. The company has 114 employees as of March 21, 2024. The Gate Academy operates in a competitive market with competitors including Veranda Learning, Career Launcher, CLEducate, MT Educare and T.I.M.E. (Triumphant Institute of Management Education), among others.
- Headquarter Bengaluru, India
- Employees 114 as on 21 Mar, 2024
- Founders Ambar Shamim, Arjun Somasekhara, Ritesh Raushan, Kanti Prasad, Nitin Rakesh Prasad
- 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 Upgrad Learnings Private Limited
- Date of Incorporation 17 Jan, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$887.11 K (USD)-0.94as on Mar 31, 2022
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Net Profit
-$2.51 M (USD)-113.48as on Mar 31, 2022
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EBITDA
-$3.02 M (USD)-254.35as on Mar 31, 2022
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Total Equity Funding
$228.94 K (USD)
in 3 rounds
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Latest Funding Round
$119.83 K (USD), Angel Round
May 12, 2016
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Investors
upGrad
& 8 more
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Employee Count
114
as on Mar 21, 2024
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Acquired by
upGrad
(Nov 24, 2020)
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Funding Insights of The Gate Academy
The Gate Academy has successfully raised a total of $228.94K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $119.83 thousand completed in May 2016. 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 3
- Last Round Angel Round — $119,832
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First Round
First Round
(05 Jul 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Angel Round - The Gate Academy | Valuation | Malathi Somashekar | |
| Jan, 2012 | Amount | Angel Round - The Gate Academy | Valuation | Malathi Somashekar | |
| Jul, 2011 | Amount | Angel Round - The Gate Academy | Valuation | Malathi Somashekar |
Investors in The Gate Academy
The Gate Academy has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include upGrad, Malathi Somashekar and Arjun Somasekhara.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Professional certification training courses are provided via an online platform.
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Founded Year | Domain | Location | |
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MS
Malathi Somashekar |
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Founded Year | Domain | Location |
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AS
Arjun Somasekhara |
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Founded Year | Domain | Location |
Investments & Acquisitions by The Gate Academy
Financial Statements - The Gate Academy
The Gate Academy Comparisons
Competitors of The Gate Academy
The Gate Academy 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 Veranda Learning, Career Launcher, CLEducate, MT Educare and T.I.M.E. (Triumphant Institute of Management Education), among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Government exam preparation is provided through centers and online courses.
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| domain | founded_year | HQ Location |
Entrance exam preparation programs are offered through education centers.
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| domain | founded_year | HQ Location |
K-12 education, vocational training and test prep provider
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| domain | founded_year | HQ Location |
Chain of coaching institutes and PU colleges
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| domain | founded_year | HQ Location |
Entrance exam preparation is provided for graduate and postgraduate levels.
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| domain | founded_year | HQ Location |
Offers coaching for GATE, ESE, PSUs, and engineering competitive exams.
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Latest news on The Gate Academy
Frequently Asked Questions about The Gate Academy
The Gate Academy was founded in 2009 and raised its 1st funding round 2 years after it was founded.
The Gate Academy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ritesh Raushan is the current CEO of The Gate Academy. They have also founded this company.
The Gate Academy is a funded company, having raised a total of $228.94K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $18.02K, raised on Jul 05, 2011.
As of Mar 21, 2024, the latest employee count at The Gate Academy is 114.
Annual revenue of The Gate Academy is $887.11K as on Mar 31, 2022.
Founded in 2009, GATE Academy operates from Bengaluru, India, in the education sector. In-person coaching classes are provided for postgraduate engineering entrance exams, including GATE. Structured classroom programs are delivered to prepare students for competitive tests. Services target engineering graduates seeking advanced studies, with operations centered in India through physical locations. The domain thegateacademy.com supports these activities.
The Gate Academy's top competitors include Veranda Learning, MT Educare and Career Launcher.
The Gate Academy has 9 investors. Key investors include upGrad, Malathi Somashekar, Arjun Somasekhara, Amit Sinha, and Sushil Harish.
The valuation of The Gate Academy is $1.66M as of May 2016.