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Prior to this round Info Edge had invested Rs 31.5 crore in Meritnation over three rounds.
"Currently the site attracts more than 7,500 new registrations daily. Traffic to the site continues to grow and has grown by 100% over last year. We will continue to invest to further strengthen our leadership position. The funds will be largely used to build our brand, expand geographically, offer new boards and create new products for existing customers,” said Pavan Chauhan, an alumnus of IIM Bangalore, who is the Founder & CEO of Meritnation.
Meritnation was launched in 2009 and currently services students studying in Indian boards across seven countries: India, UAE, Saudi Arabia, Oman, Kuwait Qatar, Bahrain with further international expansion on the cards.
The website provides multimedia tutorials, interactive exercises, assessment tools, exam help and expert support for students across India and Gulf.
Elaborating further, Chauhan explained, “The digital landscape is witnessing a rapid change, students are increasingly looking for ‘anytime anywhere’ content. We are aggressively investing in developing device agnostic educational solutions and are keenly looking at being at the forefront of this change ”
In the coming academic year, the website plans to extend its comprehensive offering to IB, IGCSE and nine other state boards.
This year Meritnation has made a foray into test preparation space by adding online IIT-JEE and NEET courses to its portfolio. It is further planning to strengthen its presence in the test prep market by upgrading its offerings in CPT, NDA, Hotel Management and BBA preparatory courses.
