Tuesday, June 15, 2021

Edtech startup Testbook now has 18 lakh paid users

Must Read



Nearly 70 lakh users got themselves registered on the platform during the pandemic alone, when Testbook initiated curriculum-driven, cohort-based live tutoring courses which is showing 50 per cent (on-month) growth, the company said in a statement.

“Termed as a 360-degree learning experience model — be it live tutoring, assessment, question practice, doubt solving, detailed performance analytics, and job and vacancies information — everything is available just at single web platform, which has been the chief reason for the growth of the company,” said Ashutosh Kumar, Co-founder, and CEO, testbook.com.

The company is now aggressively planning to enter few top government examinations of the country that includes the Union Public Service Commission (UPSC) and engineering examinations, etc.

The company said it has increased its YoY monthly revenue by four times, with over one lakh transactions during the past six months.

“Every month, approximately 25,000 students and professionals subscribe to Testbook on an everyday basis,” it added.

The company observed that 50 per cent of user traffic is organic, which indicated strong brand value and trust among the learners across India.

“With the successful conversion of 10 per cent paid subscribers out of the total registered users, Testbook has been able to earn 3 times than the industry standard in B2C freemium product category,” Kumar informed.

Founded in 2014 by IIT Bombay alumni — Kumar, Narendra Agrawal, Manoj Munna, and Praveen Agrawal — the company aims to become a leader in the $5 billion examination-preparation industry in India.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media



Source link

- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img
Latest News

Pink Floyd muse Iggy ‘the Inuit’ had Mizo roots | India News – Times of India

Whenever Evelyn ‘Iggy’ Rose was asked about her origins, she would mysteriously refer to “the Himalayas”, no more....
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img