Online learning platform ixamBee has raised Rs 5 crore in its pre-Series A round led by Inflection Point Ventures (IPV). SAN Angels, existing investors in Mumbai Angels, and Keyur Joshi also participated in the round.
The funds will be used in marketing, content development, and technology, the company said in a press release.
Founded by Chandraprakash Joshi, Arunima Sinha, and Sandeep Singh, ixamBee’s flagship product enables students to prepare for recruitment exams at RBI, SEBI, NABARD, public sector banks, insurance companies, SSC, and other PSUs, among others.
ixamBee Learning Experience (iLX) is a combination of a comprehensive range of study materials, practice tests, and interactive learning tools.
In addition to its online platform, ixamBee offers classroom coaching and test series
programs for students who prefer a more traditional learning approach. These programs are conducted by experienced faculty members and are available in select cities across India.
Previously, ixamBee had received undisclosed amount in debt round from Caspian Debt in January 2022 and $300K in seed funding co-led byJain International Trade Organisation (JITO) Angel Network and Mumbai Angels in April 2021.
Inflection Point Ventures (IPV) is an angel investing platform with over 7,400 CXOs, HNIs, and professionals who together invest in startups. Last year, IPV announced its $50 million worth CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage startups.