Edtech startup TestnTrack Secures Pre-Seed Funding from EvolveX
TestnTrack, an AI-powered startup based in Jaipur, has successfully raised an undisclosed amount in its pre-seed funding round led by EvolveX, the global startup accelerator under We Founder Circle (WFC). Established in 2022 by Vinay Kamal Sharma, Priya Soni, and Ritwik Joshi, TestnTrack is set to enhance its presence in 25 cities through the injection of fresh capital.
Commenting on the potential of Testn Track, Bhawna Bhatnagar, Co-founder, EvolveX, stated, "Testn Track's platform empowers teachers to deliver meticulous gap analysis reports, offering students personalised insights into their individual learning gaps and strengths. Furthermore, TestnTrack's platform extends beyond the classroom by providing parents with comprehensive, data-driven insights into their child's academic journey, fostering a collaborative ecosystem crucial for academic triumph".
Bhatnagar added, EvolveX's commitment, stating, "At EvolveX, we are dedicated to extending comprehensive support, mentorship, and guidance to TestnTrack. Our aim is to bolster their innovative approach, ensuring they receive the necessary resources and strategic mentorship to navigate the dynamic edtech landscape successfully".
According to the company, the capital raised will be utilized to facilitate TestnTrack's expansion strategy, specifically targeting cities such as Kota, Ahmedabad, Delhi, Mumbai, Pune, Lucknow, and Indore. The objective is to assess 50,000 students in the upcoming year. On the funds raised Vinay Kamal Sharma, Co-founder and CEO, TestnTrack, said, "This infusion of capital addresses a necessity the edtech industry didn't realize it needed. Our journey began in a single room, driven not just by a business vision but by the belief that education is a fundamental right".
He added, “We are enthusiastic about collaborating with WFC, leveraging their long-term vision and esteemed global network to shape a company that transcends generations. The continued support from our existing investors is deeply appreciated. As we steer our focus towards long-term institutional development and creating value for all stakeholders, we eagerly anticipate the promising future ahead".
Commenting on the potential of Testn Track, Bhawna Bhatnagar, Co-founder, EvolveX, stated, "Testn Track's platform empowers teachers to deliver meticulous gap analysis reports, offering students personalised insights into their individual learning gaps and strengths. Furthermore, TestnTrack's platform extends beyond the classroom by providing parents with comprehensive, data-driven insights into their child's academic journey, fostering a collaborative ecosystem crucial for academic triumph".
Bhatnagar added, EvolveX's commitment, stating, "At EvolveX, we are dedicated to extending comprehensive support, mentorship, and guidance to TestnTrack. Our aim is to bolster their innovative approach, ensuring they receive the necessary resources and strategic mentorship to navigate the dynamic edtech landscape successfully".
According to the company, the capital raised will be utilized to facilitate TestnTrack's expansion strategy, specifically targeting cities such as Kota, Ahmedabad, Delhi, Mumbai, Pune, Lucknow, and Indore. The objective is to assess 50,000 students in the upcoming year. On the funds raised Vinay Kamal Sharma, Co-founder and CEO, TestnTrack, said, "This infusion of capital addresses a necessity the edtech industry didn't realize it needed. Our journey began in a single room, driven not just by a business vision but by the belief that education is a fundamental right".
He added, “We are enthusiastic about collaborating with WFC, leveraging their long-term vision and esteemed global network to shape a company that transcends generations. The continued support from our existing investors is deeply appreciated. As we steer our focus towards long-term institutional development and creating value for all stakeholders, we eagerly anticipate the promising future ahead".
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