Zeroinfy, a Kolkata-based online study platform which helps students preparing for their examinations, is in final stage of raising its seed round of funding, Abhishek Bajaj, co-founder of the company told DEALSTREETASIA.
The deal is expected to close by end of this month.
“We are not allowed to disclose the name of the investors,” said Bajaj, and added “we will be using the money for bringing more courses on platform, expansion plans and marketing.”
Zeroinfy is a Nasscom incubated startup which provides video lectures from the best teachers throughout the country via different mediums. It also encourages students to share their personal notes with other students.
Founded by St. Xaviers Kolkata alumni Abhishek Bajaj, Aditya Bajaj and Rohit Bajaj in January 2015, Zeroinfy started operations in July last year. It claims to have more than 12,000 users on-board. Completed their CA in 2015, they had also co-founded another education platform CAMistri.com in 2013.
Currently, Zeroinfy provides study material for five courses including CA, CS, CFA, FRM and IIT-JEE, and plans to add more courses soon. It will also be expanding its footprint in West Bengal mainly in Tier II and Tier III cities.
It had a revenues of Rs 3.2 lakh in January this year and claims to now have a revenue run rate of 3.5 lakh per month.
The other companies in the segment which provide similar education services include TCYOnline.com, Wisdom24x7.com, Testbook.com, WiFiStudy, TalentSaath.com, Simplilearn, Flipclass, EasyPrep, Toppr and Wiziq.com among others.