Online education platform for government jobs ixamBee has raised an undisclosed amount in fresh round funding led by Mumbai Angels.
The round also saw participation from its existing investors including Angel Investor and Co-founder of MakeMyTrip Keyur Joshi.
“The startup will use the fresh fund to enhance its technology, developing content courses for government jobs and marketing,” ixamBee in its statement said.
Speaking on investing in ixamBee, Nandini Mansinghka, Co-promoter & CEO, Mumbai Angels Network commented, “We are happy to welcome ixamBee to our Portfolio. The platform is created by an experienced and super talented team who have incorporated online courses for government jobs plus mock tests which provides 360-degree training to the aspirant leading to accelerated growth.”
“At the beginning of the lockdown, we were worried. However, we tweaked the strategy and during the last two quarters, we observed more than 100% revenue growth. This has made the team more resilient and the business stronger. Mumbai Angels-led investment at this stage is going to help us to make ixamBee’s learning experience (iLX) superior while accelerating our growth multiple times.” Chandraprakash Joshi, Co-founder & CEO at ixamBee added.