Meritnation secures fourth round of investment worth INR 30 crores from Info Edge
New Delhi based, online K-12 education website, Meritnation has raised Rs. 30 Crores from Info Edge. Prior to this round Info Edge that owns the job search engine Naukri, had invested Rs. 31.5 crore in Meritnation over three rounds. The funds will be largely used to build our brand, expand geographically, offer new boards and create new products for existing customers.Founded by Pavan Chauhan, an alumnus of IIM Bangalore, Meritnation provides multimedia tutorials, interactive exercises, assessment tools, exam help and expert support for students across India and Gulf. The website currently has 4.2 million registered users and attracts more than 7500 new registrations daily. Traffic on the site has grown impressively and has grown by 100% over last year and a majority of this can be attributed to the aggressive marketing Meritnation has indulged in.
Launched in 2009, Meritnation currently services students studying in Indian boards across 7 countries: India, UAE, Saudi Arabia, Oman, Kuwait Qatar, Bahrain with further international expansion on the cards. Sanjeev Bikhchandani, Info Edge Founder & Executive Vice Chairman informed that the product excites them the most. Apart from which they have confidence in the scaling up capabilities of the management team at Meritnation.
In the coming academic year, the website plans to extend its offering to IB, IGCSE and 9 other state boards.
Info Edge recently invested a fourth round into Zomato as well.
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