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ah! Ventures Investee Startup Testbook raises investment from Classplus with a ~12X Multiple Exit to ah! Ventures Angel Platform Investors |
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| B2B edtech startup Classplus has made its maiden investment by acquiring a minority stake in Testbook via a secondary transaction. With this deal, Classplus has bought the shares of the Mumbai-based company’s current investors Matrix Partners India, Pivot Ventures and ah! Ventures Angel Investors. |
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| ah! Ventures’ has done 144 investments in 104 startups till date taking its total investment portfolio to INR 292 CR (~39 MN USD) with 14 exits and 29 follow on rounds. 44 investments have happened through all three platforms in 2022 till date. |
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| “Classplus will evaluate to acquire more stakes in Testbook if the company demonstrates desired performance. It’s also likely to put some primary capital in Testbook in the coming months,” a source in the know of the matter told Entrackr. Testbook is in need of primary capital as it has been having a difficult time trying to raise external capital, the report added. |
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| Testbook is one of India’s biggest and fastest growing start-ups in the edu-tech sector. Started in the year 2014, the startup was founded by six IITians and provides a variety of mock tests to give students’ preparation a final shape for most of the competitive exams being conducted Online in India. The strong response, in terms of increased user base and the numerous success stories, stands as testimony to their high value product. |
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| Started in 2018 by Mukul Rustagi and Bhaswat Agarwal, Noida-based Classplus is a mobile-first SaaS (software-as-a-service) platform that enables private coaching institutes and their tutors to streamline their content distribution, payments, communication, and online assessments through the app. |
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 292 CR (~39 MN USD) in 104 startups & 144 investments and have announced 14 exits & 29 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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