Meritnation secures Rs 30 crore funding from Info Edge

NEW DELHI: Meritnation.com, the online K-12 education portal, has raised Rs 30 crores fromInfo Edge. Prior to this round Info Edge had invested Rs 31.5 crore in Meritnation over three rounds.

Pavan Chauhan, an alumnus of IIM Bangalore, who is the Founder & CEO of Meritnation said, in a release, "Currently the site attracts more than 7500 new registrations daily. The funds will be largely used to build our brand, expand geographically, offer new boards and create new products for existing customers."

Meritnation was launched in 2009 and currently services students studying in Indian boards across seven countries: India, UAE, Saudi Arabia, Oman, Kuwait Qatar and Bahrain with plans for further international expansion.

The website provides multimedia tutorials, interactive exercises, assessment tools, exam help and expert support for students across India and Gulf. In the coming academic year, Meritnation plans to extend its offering to IB, IGCSE and nine other state boards.

This year Meritnation has made a foray into the test preparation space by adding online IIT-JEE and NEET courses to its portfolio. It is further planning to strengthen presence in the test prep market by upgrading offerings in NDA, Hotel Management and other preparatory courses.