ixamBee raises Rs 5.0 Cr In Pre-Series Led by Inflection Point Ventures
Online learning platform ixamBee raised Rs. 5 crore in a Pre-Series A funding round led by Inflection Point Ventures (IPV). SAN Angels, existing investors Mumbai Angels, and Keyur Joshi, co-founder of MakeMyTrip, also participated in the funding round. The funds will be used to expand marketing, content development, and technology.
ixamBee, founded in 2017 by Chandraprakash Joshi, Arunima Sinha, and Sandeep Singh, aims to revolutionize the way students prepare for competitive exams. The platform offers a comprehensive range of study materials, practice tests, and interactive learning tools to help students prepare for recruitment exams at RBI, SEBI, NABARD, public sector banks, insurance companies, SSC, and other PSUs.
Vinay Bansal, Founder and CEO of Inflection Point Ventures, says that ixamBee is addressing an ever-growing market opportunity as lakhs of aspirants appear for competitive exams every year. The platform is intended to provide students with a personalized learning experience that is tailored to their specific needs and learning style.
The online platform also features an extensive library of high-quality video lectures delivered by experienced teachers and industry experts, covering all the major topics and concepts tested in competitive exams. In addition to its online platform, ixamBee offers classroom coaching and test series programs for students who prefer a more traditional learning approach.
With the Indian ed-tech industry expected to grow at a CAGR of 39% over the next five years, ixamBee is well-positioned to capitalize on the growing demand for high-quality online learning solutions. The company plans to use the funds raised to expand its reach and help small students achieve their career aspirations.