India’s ed-tech major Gradeup that assists students in exam preparing for undergraduate and post graduate level exams, has raised USD 7Mn from Times Internet to expand the business in the country. The firm invested USD 7Mn in Series A funding round and USD 3Mn in Fresh Financing round, and it has been the only external investor in Gradeup.

Gradeup started as a platform for students to prepare for the exams by discussing, helping other users to solve problems.

Along with all this facilities it has expanded to offer online courses from teachers to help students crack the exams in last one year. Depending on the duration and difficulty level, the price would lie anywhere between INR 5,000 and INR 35,000. Every year in the country, nearly 30 million pupil appear for competitive exams. A reasonable number of them register themselves to course from various programmes.

“India has over 200 million students that spend over $90 billion on different educational services. These have primarily been served offline, where the challenge is maintaining high quality while expanding access,” said Satyan Gajwani, Vice Chairman of Times Internet.

Gradeup has gatheres over 15Mn enrolled students who have registered to online lectures. The startup plans to use the received fund to expand its workforce to 100 members from 50 and 200 subject matters and reach more users in smaller cities and towns in India.