Bengaluru-based edtech startup Oliveboard on Monday (July 12) has raised a Pre-Series A round funding worth INR 23 Cr. The investment round was led by IAN Fund along with participation from Education Catalyst Fund (ECF) and Yukti Securities.
The latest capital infusion will be utilised to expand the number of national-level courses and exams that the startup offers along with addition of state-level categories. The startup also plans to invest in technology for interactive data-driven products.
Founded in 2015 by Abhishek Patil and V Satish Kumar, Oliveboard offers online practice and preparation course materials for government competitive and banking exams. The edtech platform provides live classes, practice tests, live practice sessions, remedial material, and other forms of interactive content to its users. To date, the startup supports over 50 government exams and aims to add more than 100 national and state-level exams courses.