Matrix Partners India Invests in Ed tech Startup Testbook
Testbook is a one-stop personalized learning platform for students appearing for recruitment exams for Government jobs. Testbook leverages technology to make exam preparation more efficient, accessible and affordable.
Matrix Partners India announced today that it has invested in Testbook, an ed-tech startup. Founded by a team of IIT graduates, Testbook is an online learning platform enabling students to prepare for recruitment exams for Government jobs such as SBI PO, SSC CGL, IBPS PO, Railways and many more. Government jobs exam preparation is one of the largest education markets in India with over 40 million students appearing every year for such exams.
Students can purchase mock tests from the Testbook website, Android app or through offline Testbook Test Centers and Smart Labs in select cities. Testbook offers personalized guidance and detailed solutions for all questions along with All India Ranking for select mock exams. Students can also remain abreast with current affairs in Hindi or English through Testbook’s Daily Current Affairs app that has been downloaded by over 2 million students already and is one of the highest rated education apps in India. A free Testbook test series is also bundled with the new book titled Quantitative Aptitude for Competitive Exams written by renowned author R.S. Aggarwal and published by S.Chand and Company, an investor in Testbook.
Ashutosh Kumar, Founder and CEO of Testbook, said, “We are on a mission to reshape the process of how students prepare for competitive exams. Our endeavor is to deliver world class, personalized learning content for students while solving the problem of access and affordability for the masses. We decided to partner with Matrix as we believe they share our vision and we look forward to a long-term partnership with them”.
“We are excited to partner with the Testbook team in their mission to disrupt the competitive exam preparation market. Ashutosh and team have several unique insights on how to succeed in this market and we especially like the quality of their content, technology thinking and unique go-to-market strategy. Ed-tech is a focus area for Matrix and we will make multiple investments in the space” said Rajat Agarwal, Vice President, Matrix India.