Founded by IIT alumni Narendra Agrawal and Ashutosh Kumar, Testbook focusses on online test preparation for competitive exams.
The Mumbai-based startup aims to build a personalised one stop solution for all competitive exams in the country including Bank PO, IBPS LIC, UPSC, SSC GATE, the company said in a statement.
"Testbook currently has close to 4 lakh users and over 1 lakh downloads on its mobile app and has conducted over 7.5 lakh tests in its platform. This association with S Chand will help expand our reach and enter into new markets," Kumar, who is the co-founder and CEO of Testbook, said.
It delivers over 4,000 hours of e-content to 20 million students annually.
It has been investing in the fast growing ed-tech space with a presence in tablet-based content delivery, online tutoring, and online test preparation for government and PSU entrance examinations. It has completed five transactions since 2014.
In November last year, S Chand had raised USD 27 million (about Rs 179 crore) financing from IFC, a member of the World Bank Group, and existing investor -- the Everstone Group.