Founded in 2012 by former Inmobi employees, Abhishek Patil and Satish Kumar, it offers a learning module where one can access video content and tutorials to understand the subject, and a practice section that helps him/her solve mock question papers and daily tests, all synchonised across mobiles and personal computer.
Read more from our special coverage on "LAUNCH PAD"
The start-up supports 15 competitive exams. It has at least 260,000 registered users from across the country, and plans to bring one million more on board in the next 12 months. In an already crowded test prep market, with presence of start-ups like Toppr, MeritNation, Byju's and MockBank, Oliveboard has created a niche with its 'gamified group study platform', which allows users to collaborate and compete with friends in live group study sessions in a game-like environment. About 250 students can participate in a session.
Oliveboard raised an undisclosed amount last week from India Educational Investment Fund, an early-stage impact investment fund established by Michael and Susan Dell Foundation.
The start-up has been profitable since January 2015.
While continuing to build on success in theses exams, it plans to add 10-15 similar ones in the graduate test prep space.
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