Delhi-based Qonfuse.com, an edtech startup which makes exam preparation dynamic and organized using its advanced technology, has raised undisclosed amount of seed funding from CureInstant founder Hamraj Kumar.
The startup was founded by Mahesh Gaur, an alumnus of GLA University, Mathura along with his two co-founders Shivraj Dhusariya who is pursuing B-Tech from Chanakya Technical campus and Himanshu Srivastava who is an alumnus of IIT Guwahati.
Qonfuse is an edtech startup which lets the users take practice test for various competitive exams in India including SBI Clerk, SBI PO, IBPS Clerk, IBPS PO, CAT, GATE, LIC, NICL AO, RRB. Also, using the website, the students can chat with others preparing for the same exam or the experts to clear their queries.
The startup claims to have trained over 5000 students for various competitive exams. The startup will use the newly raised capital for its growth strategy, improve the product and increase its user base.
Qonfuse is about to launch a service which will allow the users to take an online mock test. Whether a user wants to buy 3 online mock tests or 5 or 10, the choice is up to them. For this, users will only be charged for the number of question papers they have bought.
The Indian education market is estimated to grow at $40 Bn by 2017, according to a recent report.
Recent Deals in same space
- New Delhi-based an augmented reality-based ed-tech startup, Smartivity raised $1 Mn in a Pre-Series A round of funding led by publishing firm S Chand and early-stage investment firm AdvantEdge Partners.
- Bangalore based home and online tutoring startup FlipClass secured $1 Mn in funding from education content and services provider S Chand and Company Private Limited (S Chand) along with Blume Ventures.
- Avagmah, a Bangalore-based edtech startup focussed on higher education, founded in 2013,raised investments from Kris Gopalakrishnan, co-founder and former CEO & MD of Infosys and Atul Nishar, founder of Hexaware and Aptech Computer Education.
- In June, Delhi-based Cuemath, an edtech startup focused on math learning for primary school students, has raised $4 million in funding from Sequoia India and existing investor Unitus Seed Fund.
- Bangalore-based Paratus Knowledge Ventures Pvt. Ltd. owned edtech startup Fundamentor,received seed round from entrepreneur and former venture capitalist Subramanya SV, co-founder of investment management startup Fisdom.