Wednesday, April 20, 2016

Online test preparation platform @Oliveboard raises funding

Edtech Startup Oliveboard has raised an undisclosed amount of funding from India Educational Investment Fund (IEIF), an early stage impact investment fund established by Michael & Susan Dell Foundation.

Founded by former Inmobi employees, Satish Kumar & Abhishek Patil, Oliveboard is an online test preparation platform for MBA & job oriented competitive exams such as SBI PO, IBPS PO & SSC CGL.

Abhishek Patil, CEO & Co-founder of Oliveboard said, “With most competitive exams being conducted online, young adults preparing for these exams are increasingly looking at online courses as an alternative to books & institutes.  We provide these aspirants with a one-stop place for all learning & practice with their study synchronized across mobile & PC. We’re excited about working with IEIF and will continue to use technology to deliver education in newer, more effective ways while still keeping it affordable. The funds will be utilized to increase our marketing efforts, build content and further strengthen our mobile technology.”

Established and funded by Michael & Susan Dell Foundation, IEIF is a US-based fund which is part of a larger effort of the Foundation to support early-stage investing in education startups that support urban, low income families in India.