This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media.
Accept
EdTechReviewEdTechReview
  • News
  • Trends
  • Insight
  • eLearning
  • Research
  • Dictionary
  • EdTech Voices
  • Explore
    • Data & Statistics
    • Reviews
    • AWS for Education
    • Events

    Resources

    • Infographics
    • Reports & Case Studies
    • Videos
    • Books
    • Webinar

    Needs

    • 1:1 Learning
    • 21st Century Education
    • 21st Century Leadership
    • 21st Century Learning
    • 21st Century Teaching
    • 3D Printing
    • More Tags

    For

    • Students
    • Teachers/Educators
    • Administrators
    • Entrepreneurs/Startups
    • Govt. Officials/Policymakers
    • Parents
Contribute
  • Submit A Post
  • EdTech Trainers and Consultants
  • Your Campus EdTech
  • Your EdTech Product
  • Your Feedback
  • Your Love for Us
ETR Resources
  • About
  • Mission/Vision
  • Team
  • Services
  • Testimonials
  • Authors
  • Sponsor
  • Partner
  • Advertise
  • Our Clients
  • Media Kit
  • Press Release
  • FAQ’S
Reading: Classplus Buys Matrix and Pivot Ventures’ Stake in Exam Prep Platform Testbook
Aa
EdTechReviewEdTechReview
Aa
  • News
  • Trends
  • Insight
  • eLearning
  • Reviews
  • Dictionary
  • EdTech Voices
  • Data & Statistics
  • Research
  • AWS for Education
  • Events
  • Voices
  • Tags
  • About
  • Contribute
  • FAQ’S
  • Our Clients
  • Partner
Follow US
Home > News > Classplus Buys Matrix and Pivot Ventures’ Stake in Exam Prep Platform Testbook
News

Classplus Buys Matrix and Pivot Ventures’ Stake in Exam Prep Platform Testbook

Stephen-soulunii
Stephen Soulunii Published Sep 13, 2022
Share
2 Min Read
Classplus Buys Matrix and Pivot Ventures’ Stake in Testbook
Classplus Buys Matrix and Pivot Ventures’ Stake in Exam Prep Platform Testbook
SHARE

B2B EdTech firm Classplus has made its maiden investment by acquiring a minority stake in the government exam preparation platform Testbook via a secondary transaction.

AdvertisementWhy this Ad?

AdvertisementWhy this Ad?

With the deal, Classplus has bought the shares of the Mumbai-based company’s current investors Matrix Partners and Pivot Ventures.

According to the company regulatory filing with the RoC, the board at Classplus has passed a special resolution to allot 1,695 Series E preference shares to Matrix Partners and Pivot Ventures at an issue price of Rs 400,013 per share, aggregating up to Rs 67.80 crore against 7,867 shares of Testbook held by them. Following this transaction, Matrix Partners will own a 1.65% stake in Classplus, according to a report by Entrackr.

Testbook is one of the leading exam preparation platforms for competitive exams like Banking, SSC, Railways, Civil Services, Engineering, and various others. It provides students with a one-stop destination for complete exam preparation through live classes, mock tests, and quizzes. The Mumbai-headquartered company claims to have a community of over 3.1 crore students on its platform.

According to Entrackr, the investment is strategic in nature and Classplus may fully incorporate Testbook into the company in the future.

“Classplus will evaluate to acquire more stakes in Testbook if the company demonstrates desired performance. It’s also likely to put some primary capital in Testbook in the coming months,” a source requesting anonymity reportedly told Entrackr.

Classplus is a mobile-first SaaS (Software-as-a-Service) platform that enables educators, private coaching institutes, and content creators to build their online presence, digitize their offline tuition centres, and sell their courses online.

TAGGED: Competitive Exams, EdTech Acquisition, Government Exam, Test Prep
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Email Copy Link
Stephen-soulunii
Posted by Stephen Soulunii
No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.
Previous Article Nexford University Raises .8m Online University Platform Nexford Raises $8M to Expand into New Markets
Next Article European Edtech Companies Codecool & Software Development Academy Merge to Tackle Region’s Digital Skills Shortage European EdTech Companies Codecool & Software Development Academy Merge To Tackle Region’s Digital Skills Shortage
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

Facebook Twitter Youtube Instagram Linkedin
AdvertisementWhy this Ad?

Latest Post

Quantasing-raises-m-in-us-ipo
Chinese Online Learning Service Provider QuantaSing Raises $41M in US IPO
News Jan 28, 2023
French Hrtech Welcome to the Jungle Raises M in Series C Round
French HRTech Welcome to the Jungle Raises $54M in Series C Round
News Jan 28, 2023
Popup-school-raises-0k
PopUp School Raises $540k in Pre-Seed Round to Accelerate Growth
News Jan 27, 2023
Evulpo-raises-m-in-seed-round
Swiss Online Tutoring Platform Evulpo Raises $8.3M in Seed Round
News Jan 27, 2023
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

Facebook Twitter Youtube Instagram Linkedin
AdvertisementWhy this Ad?

You Might Also Like

Quantasing-raises-m-in-us-ipo
News

Chinese Online Learning Service Provider QuantaSing Raises $41M in US IPO

Jan 28, 2023
French Hrtech Welcome to the Jungle Raises M in Series C Round
News

French HRTech Welcome to the Jungle Raises $54M in Series C Round

Jan 28, 2023
Popup-school-raises-0k
News

PopUp School Raises $540k in Pre-Seed Round to Accelerate Growth

Jan 27, 2023
Evulpo-raises-m-in-seed-round
News

Swiss Online Tutoring Platform Evulpo Raises $8.3M in Seed Round

Jan 27, 2023
Classera-raises-m
News

Silicon Valley Education Platform Classera Raises $40M in Series A Round

Jan 27, 2023
Go1 Acquires Uk-based Content Curation Provider Anders Pink
News

Go1 Acquires UK-based Content Curation Provider Anders Pink

Jan 27, 2023
London-based Gemba Raises M to Scale Its Workforce Training Platform
News

London-based Gemba Raises $18M to Scale its Workforce Training Platform

Jan 26, 2023
Linewize Launches Qustodio to Empower Parents to Protect & Support Their Children Online
News

Linewize Launches Qustodio to Empower Parents to Protect & Support Their Children Online

Jan 26, 2023
Show More
EdTechReviewEdTechReview

H433, 2nd Floor, Vikaspuri, New Delhi, India, 110018
Phone: 011 41321030

Follow US

Copyright © EdTechReview. All Rights Reserved.

  • Home
  • Advertise
  • Event Associations
  • Press Release
  • About
  • Services
  • Contribute
  • News
  • Trend & Insight
  • Data & Statistics
  • eLearning
  • Reviews
  • Research
  • Voices
  • Dictionary
  • Tags
  • Resources
  • Events
  • Courses
  • EdTech Product Reviews
  • Our Clients
  • FAQ’S
  • Contact Us
  • Important Links
  • Sitemap
  • Terms of Use
  • Privacy Policy
Join 100K+ subscribers!

Subscribe to our weekly newsletter that brings the latest EdTech news, trends, insights, reports, interviews, etc. for educators, school leaders, entrepreneurs, investors, & others.

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?