ixamBee raises undisclosed amount from Mumbai Angels and Keyur Joshi

Reader's Pick

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.

- Advertisement -

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.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($239 billion) with...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's dominant...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced the appointment of Rajesh...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi...

Jack Dorsey may not appear before Indian parliamentary Panel on 25 February

Twitter CEO Jack Dorsey will not appear before the Parliamentary panel on IT on...

Startups are Eager to Create LGBTQ Friendly Workplace

While the landmark judgment by Supreme Court that abolishes the draconian law encircling homosexuality...

COVID-19: Amazon India partners with Acko General Insurance to offer free health insurance to sellers

India's leading e-commerce company Amazon India on Wednesday announced its partnership with Acko General...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment potential of Rs 700...

Electric Vehicle financing: The Next Billion-Dollar Opportunity

The growth of the automotive industry is at its peak. With growing urbanization in...

Music tech startup Beatoven Ai draws $1 Mn from Entrepreneur First and Redstart Labs

India-based Ai driven music-tech startup, BeatOven Ai has secured $1 million as a part...

LISSUN opens its first mental wellness center in Uttar Pradesh

LISSUN, a mental wellness startup, has announced the launch of its first offline center...

Ellysium Automotives revokes its partnership with British Automotive brand One Moto India

Ellusium Automotives has announced that’s, “It has revoked its partnership with British automotive brand...

Jio, DigiBoxx to offer enhanced digital life experience for JioPhoto on Jio Set Top Box

Jio platforms, a digital service arm of Reliance Industries has announced its partnership with...

Apple’s Illegal Undercutting of Competition to Boost Apple Pay: EU Antitrust Regulator

The European Union (EU) Antitrust regulator on Monday said, “Apple has illegally distorted the...