Gradeup, which is a Noida based exam preparation platform, has now secured $7 million in the funding round of Series A from the Times Internet, a subsidiary of the Bennett Coleman and Co.
The company received the Series A funding in two tranches, the second of which came in the month of March this year said the announcement.
Gradeup will now be going to utilize the funds to enhance its product and technology capabilities, diversify the offerings to add more categorized, and scale the academic team, it announced.
“We are investing the fresh funds to build our live online coaching platform further, scale our academic team to 100 faculties and 200 subject matter experts, and to expand further in tier 2, 3, 4 towns, Shobhit Bhatnagar, co-founder and CEO of Gradeup said in a statement.
