Exclusive: India-based online study platform Zeroinfy about to close seed round of funding

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.

Abhishek had worked with Deloitte as audit assistant while Rohit had worked in E&Y as an articled assistant and in Flipkart as financial analyst before co-founding these two ventures together.

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.

Testbook, one of the other online test-preparation site, recently raised funding from education content provider, S Chand and Company Pvt Ltd.

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.

Also Read:

India: Toppr acquires Manch

India based test preparation start-up MockBank Learning raises $400k seed funding

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.