Abhinay Maths, an EdTech platform coaching millions of government job aspirants through a YouTube channel and app, recently announced that it has raised an undisclosed amount in a funding round Classplus, India’s leading B2B educational technology startup. The Delhi-based company plans to use the funds for business expansion and branding to accelerate growth and increase its reach to more students in tier 2 and 3 cities. This strategic partnership with Classplus will allow Abhinay Maths to leverage cutting-edge technology combined with curriculum expertise to help millions of government job aspirants across the country.
Founded in 2017 by Abhinay Sharma, Abhinay Maths is focused on competitive exam preparation for SSC, Bank, Railways and several other government exams. The platform emphasizes empowerment and motivates aspirants to secure jobs in various government sectors. It offers complete guidance, built with a prime focus on providing Qualitative and Advanced education to students offering the best quality and customized offline and online live classes(special batches) by the highly experienced faculties of India.
Speaking about the capital raised, Founder & CEO of Abhinay Maths, Abhinay Sharma, said:
We are thrilled to have the support of Classplus as we continue to revolutionize the way government job aspirants from small towns and cities prepare for SSC CGL, CHSL and other government exams. This strategic investment from Classplus will also allow us to leverage technology and provide cost-effective test prep coaching to millions of government job seekers from tier 2, 3, and 4 cities, where affordability is a major concern.
The startup was initially launched as an educational YouTube channel, wherein it garnered around 2.5 million subscribers. Subsequently, it launched an application in association with Classplus that claims to serve over 200,000 students in about 500 cities and towns across the country. This is a first-of-its-kind strategic investment from Classplus.
Adding about the investment, Co-founder & CEO of Classplus, Mukul Rustagi, said:
Backed by our investment and technology and his academic expertise, Abhinay Sir has the potential to transform the way students learn and prepare for government exams. As he continues to break down geographical, financial and resource barriers for students, we are excited to be a part of his journey. We look forward to a long-term partnership with him.
Classplus, co-founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, is a mobile-first software-as-a-service (SaaS) platform that enables educators and content creators to build their online presence, digitize their offline education centres and monetize them as well. Its industry-first unified platform lets coaching institutes have their app to manage all their tasks and reach lakhs of students across the country with next-level technology.
In September 2022, the startup announced its maiden investment by acquiring a minority stake in the government exam preparation platform Testbook via a secondary transaction. Under the deal, it bought the shares of the Mumbai-based company’s current investors, Matrix Partners and Pivot Ventures. Classplus had raised $70 million as part of its Series D funding round, which was co-led by Tiger Global Management and Alpha Wave Global in March of the same year.