Sun, May 28, 2017 | updated 12:17 PM IST

OnlineTyari raises Rs. 15 crore from Michael and Susan Dell Foundation

Updated: Nov 08, 2016 17:22 IST      
OnlineTyari raises Rs. 15 crore from Michael and Susan Dell Foundation

New Delhi [India], Nov 8 (ANI): The Michael and Susan Dell Foundation today announced an equity investment of Rs. 15 crore (USD 2.1 million) in the mobile-first test preparation platform, OnlineTyari (OT).

The foundation is the lead investor in OT's current round of funding that has raised Rs. 20 crore.

OT offers a mobile application that allows highly customized, curated and vernacular test preparation content delivered through very low internet bandwidths. It offers a full suite of solutions, including entrance tests for public sector units, government jobs and higher education institutes. The comprehensive preparation materials include full mock tests, current affairs articles and other study material on a platform where candidates can practice, benchmark their performance and improve.

Since its launch, OT has become one of the fastest growing edtech platforms today-growing ten times in the past 12 months in terms of the average time spent by users on the platform every month, while recording nearly 3.5 million downloads and over 400,000 daily active users.

This investment from the Michael and Susan Dell Foundation will help OT expand its vernacular offering, widen exam coverage and strengthen its technology and analytics engine.

OnlineTyari was founded in 2014 by Vipin Agarwal and Bhola Ram Meena, both graduates of IIT Kanpur. They have extensive technology and startup experience and have worked in an advisory role with the Government of India on the Digital India initiative.

"India is witnessing a paradigm shift toward online educational services. We are proud to be at the center of this and excited to partner with the Michael and Susan Dell Foundation as we move into the next phase of our growth. This partnership will help us introduce new business best practices and to achieve the scale needed to reach our goal: improving education and skill development for more than 100 million people every year across India," said Co-Founder and CEO Online Tyari, Vipin Agarwal.

"The market for government and public sector entrance exams is huge with more than 20 million aspirants every year. These exams are very different from top-end engineering college entrance exams, and we have customized our solution for this large, yet unique target segment. We believe our market advantage comes from the learning's that can be generated by the sheer number of users on our platform," said Founder and CTO OnlineTyari, Bhola Ram Meena.

"OT has already disrupted the market for test prep in India by creating a personalized, data-backed solution for a large but often ignored market segment. The platform approach that curates content from multiple partners enables them to provide high quality exam content with a very short time-to-market. This is very important for this market segment as students may appear for multiple exams and need a one-stop solution. OT will play a huge role in helping students from smaller towns and low-income family's access test prep services," said Education Director India, Michael and Susan Dell Foundation, Prachi Windlass. (ANI)

Criminal prosecution by IT Dept. surged by cent pct during Modi regime

Updated: May 27, 2017 19:41 IST      By: Shailesh Yadav

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New Delhi [India], May 27 (ANI): Aiming to empower Nagpur's electric mobility drive, Ola and Mahindra on Friday announced their collaboration with the Government of India in a first-of-its-kind programme to build an electric mass mobility ecosystem in Nagpur, which will bring about a transformational change in the automotive and transportation landscape in the country.

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New Delhi [India], May 27 (ANI-NewsVoir): President of India Pranab Mukherjee received the first copies of the book 'Mann Ki Baat' - A social revolution on Radio, at Rashtrapati Bhavan, New Delhi, on May 26, 2017.

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Epson launches express service centres in NCR

Updated: May 27, 2017 09:23 IST     

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Updated: May 26, 2017 16:51 IST     

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GST Bill unanimously approved in Tripura

Updated: May 26, 2017 15:15 IST     

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Sensex surpasses 31,000 mark, shoots by 255.17 points

Updated: May 26, 2017 14:54 IST     

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New Delhi [India], May 26 (ANI): The most economically developed states are not adequately adding to skill sets, which may result in severe shortages of skilled manpower in the coming years, according to an ASSOCHAM-Thought Arbitrage Paper.

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FICCI to set up StudyinIndia pavilion at NAFSA 2017

Updated: May 26, 2017 13:20 IST     

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Atal Pension Yojana registers 53 lakh subscribers

Updated: May 26, 2017 12:36 IST     

New Delhi [India], May 26 (ANI): The subscriber base under the Atal Pension Yojana (APY) reached approximately 53 Lakhs. At present, 235 banks and the Postal Department are involved with the implementation of the scheme. Besides the branches of the banks and CBS-enabled offices of India Post, quite a few banks are sourcing subscribers through their internet banking portals in a paperless environment.

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New Delhi [India], May 26 (ANI): The Central Board of Direct Taxes (CBDT) on Friday issued a clarification on furnishing statements of financial transactions.

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New Delhi [India], May 26 (ANI-BusinessWire India): ITC Limited has won the prestigious Porter Prize 2017 award for 'Excellence in Corporate Governance and Integration' and for its exemplary contribution in 'Creating Shared Value'.

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nexGTv now available on Amazon's Fire TV Stick

Updated: May 26, 2017 08:10 IST     

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