ixamBee raises Rs 5 Cr in pre-Series A led by Inflection Point Ventures

Online learning environment Pre-Series A funding for ixamBee totaled Rs 5 crore, with Inflection Point Ventures as the lead investor (IPV). The round also included participation from Keyur Joshi, SAN Angels, and current Mumbai Angels investors. The money will go towards marketing and content.

The company's primary product, ixamBee, was created by Chandraprakash Joshi, Arunima Sinha, and Sandeep Singh to help students get ready for recruitment tests at PSUs including the SSC, public sector banks, insurance firms, RBI, SEBI, and others. A wide selection of study guides, sample exams, and interactive learning tools make up the ixamBee Learning Experience (iLX).

For students who prefer a more conventional learning style, ixamBee also provides classroom coaching and test series programmes in addition to its online platform. These courses are offered in a few cities across India and are taught by knowledgeable professors.

ixamBee had previously obtained $300K in seed finance from the Jain International Trade Organisation (JITO) Angel Network and Mumbai Angels in April 2021, as well as an undisclosed sum in a debt round from Caspian Debt in January 2022.

Around 7,400 CXOs, HNIs, and professionals invest in startups through the angel investing platform Inflection Point Ventures (IPV). The $50 million CAT 2 AIF Physis Capital, which IPV unveiled last year, would invest in pre-Series A through Series B growth-stage firms.