ah! Ventures exits from Testbook, its third profitable exit in as many years

Posted on June 30, 2017 by ah! Ventures



ah! Ventures has announced its profitable exit from Mumbai-based Edtech startup Testbook within 3 years of its investment. The then startup has now raised an undisclosed amount of funding from Matrix Partners and has given profitable exit to few investors of ah! Ventures. ah! Ventures’ first fund raise for Testbook was with Letsventure for an investment of 1.5 crores as a part of the Angel investment in the year 2014. In March 2016, ah! Ventures helped Testbook raise again an undisclosed amount of funding from publishing house S. Chand and Company.

                                            Testbook Logo                            ah!

Founded in early 2012 by six IITians, provides a variety of mock tests to give student’s preparation a final shape for most of the competitive exams being conducted Online in India like GATE, CAT, SBI PO, SBI CLERK, IBPS PO, etc. The education market in the country is mostly dominated by these exam preparations. Testbook allows students to purchase mock tests from their app and website. Testbook even provides personal guidance to students with all – India ranking mock exams. Students can also stay connected with the current affairs in primary languages – English and Hindi by their Daily Current Affairs app which has been downloaded by over two million students up to date.

On this exit, Harshad Lahoti, Founder and CEO of ah! Ventures commented, “In times when exits are hard to come by, our investors have got a great return and the founders also got to reduce the total number of investors in the company.” Harshad further topped it off by saying, “With the current scenario and the rocketing growth that Testbook has witnessed, we wouldn’t be surprised if it reaches the pinnacle of success in no time.”

Commenting on Testbook and its team, investor V C Karthic opined, “Ah! Ventures helped Testbook raise it’s funding round when it was literally in a garage! The team of Ashutosh and Narendra have always been humble, diligent, focussed on the end consumer and not afraid to experiment with newer models of engagement and revenue. As an investor, it has been my pleasure to guide the team on this journey. A testament to the value that they have built is in securing a Series A round from a marquee investor in these times. I wish them many successes on what is sure to be a long and fruitful journey.”

ah! Ventures is India’s first full-spectrum (seed, angel & VC) investment network and platform comprising of over 1400+ investors, including some of the renowned angels and early-stage VCs.

Founded in 2010, ah! Ventures has systematically disrupted the early stage funding ecosystem of India through its innovative approach toward startup investing. First of its kind initiatives like the CLUB ah! platform, ah! Angels (India’s largest angel network), ah! Seeders and ah! VC networks (India’s first seed & VC investment networks), have brought together and integrated the previously segregated startup funding lifecycle, under one roof. CLUB ah! platform today has over 30000+ startups, 1300+ seed/angel investors and over 100 VCs & institutional investors, making it one of the largest platform of investors and startups. ah! Ventures has till date syndicated close to INR 120 crores in over 31 investments spread across varied industries and domains.

ah! Ventures is expected to announce couple of new startup investments in the coming weeks.

About Testbook

Testbook is one of India’s biggest and fastest growing start-ups in the edu-tech sector. Started in the year 2014, the startup was founded by six IITians and provides a variety of mock tests to give students’ preparation a final shape for most of the competitive exams being conducted Online in India. The strong response, in terms of increased user base and the numerous success stories, stands as testimony to their high value product.

About ah! Ventures

ah! Ventures is a growth catalyst that brings together promising businesses and investors by creating wealth creation opportunities for both. ah!’s unique model serves investors, entrepreneurs & enablers through a unique blend of customized services, skill, and industry & domain experience. Founded in 2010, ah! Ventures has systematically disrupted the early stage funding ecosystem of India through its innovative approach toward startup investing. First of its kind initiatives like the CLUB ah! platform, ah! Angels (India’s largest angel network), ah! Seeders and ah! VC networks (India’s first seed VC investment networks), have brought together and integrated the previously segregated startup funding lifecycle, under one roof. This, coupled with ah! Impact network, an impact investment network for investing in social enterprises and ah! Mentors network, a mentor network to engage with startups in their growth and expansion, has today made ah! Ventures one of India’s most respected change leaders and a formidable industry force to recon with.





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