Pune: Edtech startup Pariksha has raised a new financing round led by Bharat Inclusive Technology Fund. The fresh proceeds appear to be a Series A round for the Pune-based startup. The company has allotted 31,885 preference shares and 30 equity shares at an issue price of Rs 4,122.65 per share to raise around Rs 13.16 crore, regulatory filings show.
Launched by Karanvir Singh, Utkarsh Bagri, Vikram Shekhawat, and Deepak Choudhary, Pariksha is an online vernacular test preparation platform that helps candidates to prepare for various preliminary and mains entrance tests in the public sector. The freemium app helps students to prepare for their choice of language through video-on-demand and live-streaming classes.
Pariksha operated in 11 states and six languages including Hindi, Marathi, Tamil, Bengali, and English. Besides tier-II, III cities and rural regions, Pariksha also targets candidates from urban regions.
According to the company’s website, it has over 3 million users who have attempted more than 400 million questions. The app has completed more than 34 million number of tests.