Ed-tech startup Edu4share.com, an online shop for exam preparation materials, has now secured a seed funding round from number of angel investors, including Nalin Jain, [President and CEO at GE (Rail, Mining, Defense & Aerospace)], a McKinsey & Co Director, among others.
Founded by Ashvini Jakhar and Jerry Jose, Edu4share is an online portal that connects mentors, individual sellers and business sellers with students who gets access to “peer to peer mentorship programs” and exam preparation resources on the platform.
It aims to become a one-stop shop for preparatory materials and mentorship for all Tier 1 competitive exams such as CAT, GRE, GMAT, JEE, AIPMT, GATE, UPSC, etc. The company is powered a 15-member team based out of Delhi, Bangalore, Kolkata, Pune, Surat and Dubai.
On its platform, students can select from a list of resources, including books, e-learning content, mock exams, learning devices, coaching material or personal notes. The company claims to have gained good traction as more than 31 brands and hundreds of individual sellers have already boarded the platform.
Many notable brands, including the likes of Aakash institute, Toppr.com, Meritnation, Leanpedia, Practiseguru.com, AskIITians, eduwizards, TCYonline, Brilliant Tutorials are selling their exam preparation material from the platform.
Ashvini Jakhar, edu4share.com Founder & CEO, said,
The idea originated from the personal pain points that me and my wife faced while preparing for GMAT & Medical exams. My cofounder – Jerry also faced the same pain point while appearing for entrance exams. The interesting part is that, the first time I faced this problem was in 2001 and even today it exists in the same shape and form
We are seeing 200% increase in organic traffic and sales month by month with highly bootstrapped marketing efforts. Good number of repeat and referral sales and high engagement time on our platform are some of the encouraging indicators for us.
Targeting about 40 lakh students appearing for the competitive exams every year and the market worth Rs 10,000 crore, the company does have the potential to become a valuable resource for the students. Watch out for Edu4share’s ProRev score, as we review this platform comprehensively.