Bengaluru: OnlineTyari, a Gurgaon-based exam preparation platform, announces that it has successfully raised Rs.5 Crore in a fresh funding round from a group of angel investors and VCs like 500 Startups, Tandem Capital, Mohandas Pai, Vikram Chachra of Eight Capital and Aloke Bajpai - Co-Founder & CEO, ixigo. The company plans to shell out the fresh capital to enhance its technological offerings and to foray into new geographical areas.
Speaking on the occasion, Vipin Agarwal, Co-Founder & CEO, OnlineTyari, says, “OnlineTyari aims to revolutionize the $20 billion market need for education services in India. This is our contribution towards bringing literacy and livelihood to everyone and towards achieving a truly inclusive Digital India Mission”.
Mohandas Pai, Chairman, Manipal Global Education and ex-CFO, Infosys, says, “Online education is helping our students and young professionals participate and excel in the knowledge-driven economy. A vital component of this wave of access to information is to ensure that our languages are respected and catered to with considered attention. Students familiar with Indian languages must not feel marginalized, and it is imperative that they have access to the highest quality content in any language they choose. This is why I believe OnlineTyari is a platform with a purpose”.
“With its mission to deliver the highest quality content for competitive exams in Indian languages, they will provide a core value proposition that is fundamental to empowering our youth to build meaningful careers. With 300 million English-speaking Indians, and double that number with a regional language, the demand for educational content across the language spectrum is tremendous. OnlineTyari is already making a powerful impact with their immediate focus on the over 10 million Indians writing entrance exams for government jobs. With their continued focus on multilingual quality content, they reach every Indian student; and that is a unique and valuable mission,” he added.
The competition in the education field has grown to leaps & bounds in recent days and a large number of youth are taking up competitive exams soon after their education. This has created a large market which can yield huge amount of revenues. A number of startups are taking birth in the competitive exam training space; each offering exclusive teaching facilities like e-Learning, career guidance through video calls and many more. OnlineTyari is one such company. Founded last year by the IIT-Kanpur duo of Vipin Agarwal and Bhola Ram Meena, the company offers its training and other necessary guidance for job oriented examinations like Civil Service Exams, Banking, UPSC, GATE and other Government Jobs. Through the company’s multilingual app and website, users can get question banks, take online mock tests, eBooks about the syllabus and other necessary notes required to prepare for various exams.
Within the first year of its inception, the company is growing into one of India’s leading Educational Apps – both on Android and iOS platforms with over two million app downloads and a daily active user base of over 200,000. As of now, the app is only available in Hindi and English languages and plans to make the services available in other regional languages as well in the days to come.