New Delhi: ixamBee, an online learning platform that makes exam preparation 50% faster, has raised Rs.5 crore in a Pre-Series A Inflection Point Ventures (IPV). SAN Angels, other angel investors, existing investors in Mumbai Angels, and Keyur Joshi (co-founder of MakeMyTrip) also participated in the funding round. The funds will be used in marketing, content development, and technology.
- ixamBee provides online learning courses for exams such as the regulatory body exams, banking and insurance exams, the SSC exam, and others.
- The funds raised will be utilised in marketing, content development, and technology.
- Inflection Point Ventures (IPV) has so far invested over INR 550 Cr across 170+ deals.
ixamBee is a rapidly growing ed-tech startup aiming to revolutionise the way students prepare for competitive exams. Chandraprakash Joshi, Arunima Sinha, and Sandeep Singh founded ixamBee in 2017. The three founders bring complementary and unique skill sets. Chandraprakash has team building and business development experience; Sandeep is a tech whiz and start-up entrepreneur; and Arunima has teaching and content creation as her domain areas.
Vinay Bansal, Founder& CEO of Inflection Point Venture, says, “The ed-tech market for higher education continues to grow and is one of the fastest-growing segments within ed-tech. ixamBee is addressing an ever-growing market opportunity as lakhs of aspirants appear for competitive exams every year. The preparation for such exams is nothing short of an unrelenting focus. ixamBee is helping millions of students have access to exam papers and notes to prepare for their careers. We are aligned with the purpose of their business and chose to invest in the company.”
The company’s flagship product is an online platform that enables students to prepare 50% faster for recruitment exams at RBI, SEBI, NABARD, public sector banks, insurance companies, SSC, and other PSUs, among others. ixamBee Learning Experience (iLX) combines a comprehensive range of study materials, practice tests, and interactive learning tools. The platform is intended to provide students with a personalised learning experience that is tailored to their specific needs and learning style by tracking their progress and providing real-time feedback using advanced algorithms and data analytics. The company is the only platform to provide users with 100+ mock exams for free.
Chandraprakash Joshi, Co-Founder ixamBee, says, “A deep understanding of the sector drives IPV’s due diligence. During the process of doing the unit cost analysis, we learned new insights about our business. We have also piloted a new business opportunity by leveraging the data of about 2 million registered students at ixamBee. The current environment is very favorable for the business growth of ixamBee. This funding is going to enable us to grow our reach fivefold and help small students get their dream jobs.
One of the most important aspects of the ixamBee platform is its extensive library of high-quality video lectures delivered by experienced teachers and industry experts. These lectures cover all the major topics and concepts tested in competitive exams, making it easier for students to understand complex concepts and prepare effectively.
In addition to its online platform, ixamBee offers classroom coaching and test series programs for students who prefer a more traditional learning approach. Experienced faculty members conduct these programs and are available in select cities across India.
Since its inception, ixamBee has been on a growth trajectory thanks to its innovative approach to education and its commitment to providing students with the best possible learning experience. With the Indian ed-tech industry expected to grow at a CAGR of 39% over the next five years, ixamBee is well-positioned to capitalise on the growing demand for high-quality online learning solutions. As the company continues to expand its product offerings and reach more students nationwide, it is poised to become a major player in the Indian edtech space.
ixamBee is building the largest job platform for students in Tiers 2 and 3, for whom a government job is the first preference. ixamBee Learning Experience (iLX) provides 50% faster preparation for success in competitive exams.
In the current times, information overload is a major problem. ixamBee provides crisp and only exam-relevant study content to our users. ixamBee’s educational experts create learning content after in-depth and thorough research and provide personalised guidance that helps users ace competitive exams seamlessly. ixamBee is a team consisting of professionals who have previously worked in the IT, banking, and finance sectors (RBI, MakeMyTrip, SIDBI, ICICI Bank, CARE Rating, HDFC Bank) and have graduated from top institutes such as IIM Ahmedabad, ISB Hyderabad, IIT Roorkee, Delhi University, and others.
The three founders, Chandraprakash, Arunima, and Sandeep, bring diverse skills. Chandraprakash has experience in team building and business development; Sandeep is a tech wiz and start-up entrepreneur; and Arunima has experience in teaching and content creation. Three founders have been building the ixamBee Learning Experience for the last six years.
About Inflection Point Ventures and Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 7,400 CXOs, HNIs, and professionals who together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups.