Bangalore: Mumbai based online education platform, Plancess EduSolutions raises $2 million from Aarti Group’s Promoters Gogri Family. The fund will be utilized to speed up product development and international expansion. The firm will likewise to venture into medical entrance test preparations, soon.
Founded in 2011 by three IITians - Mirik Gogri, Vivek Gupta and Nitesh Salvi, Plancess EduSolutions is an online portal which provides fresh study materials, video tutorials and a test platform for JEE and various engineering entrance examinations' preparations. Today, the firm claims to be the India's first company to present video lectures delivered by top 100 rankers of IITJEE.
Speaking about the funding, Nitesh Salvi, Co-Founder, Plancess EduSolutions says, “India witnesses nearly 1.5 million applicants for the IITJEE every year and this is just one of the many entrance tests in India. Education is very highly placed in our social structures. Every parent wants their child to go to the best institute to qualify through an entrance test. Hence, it’s simple to presume why the test preparation sector is one of the fastest growing segments in India’s education industry”.
Expanding its reach, the company has recently tied up with Wiley and LurnQ to offer comprehensive study materials to JEE aspirants. The company has also partnered with Samsung in order to bring in tablets with pre loaded Plancess study materials for IIT aspirants.