Accelerator platform Venture Catalysts has invested Rs 4 crore in an education startup Pariksha in a pre-series A round of funding.
Pariksha is an online vernacular competitive examination preparatory platform focused on enabling candidates to prepare for various government examinations. With the exams slowly transitioning online, Pariksha intends to cater to the needs of the 13.6 crore annual government job applicants half of whom apply for state government jobs and write their exams in regional languages.
“Pariksha’s team has a clear vision and a massive target audience spanning not only tier-II, III cities and rural regions, but also a certain student demographic in urban centers. It has an easy-to-engage interface that offers greater convenience to candidates,” said Apoorv Ranjan Sharma, president, Venture Catalysts.
The investors currently participating in the round are Sunil Kumar Singhvi of South Handlooms, Jayant Mehrotra of Lodha Group, Nirav Panchmatia of Aum Financial Advisors, Aditya Khurana of The Little Company Day Care Solutions among others.
“Pariksha is the brainchild of four individuals who have closely observed the Indian academic landscape and wanted to play an active part in the digital transformation its going through currently. We developed Pariksha as an all-in-one empowerment platform, helping students to prepare for examinations in the most convenient and enriched manner,” said Karanvir Singh, Co-Founder, Pariksha.