iProf learning Systems raises $ 9 Million Series B funding

CoolAvenues Newswire | January 25,2014 12:19 pm IST

NCR based iProf Learning systems has raised $ 9 Million from Hobsons, the education subsidiary of Daily Mail and General Trust (DMGT) with participation from the existing investors; Northwest Venture Partners and IDG Ventures..

The company had raised $ 6 Million from Kalpan Ventures, Northwest Ventures and IDG Ventures in March 2011.

iProf started in 2009 by Sanjay Purohit an IAS officer who is also a graduate of IIM Ahmedabad as well as IIT Bombay, offers test preparatory content for IIT JEE, Medical Exams, CAT, IAS, GMAT over multiple formats like lectures in 2D and 3D animations, E-book, practice over internet or on any android powered tablet. The company has set up over 30 centres with high performance servers to facilitate students to download preparatory content from these retail hotspots called iStudy Zones.

The company will use the funds to takes its product SchoolEra, an automated school management platform to more schools in India and other countries.

The company has democratised the delivery system by providing content in both online and offline modes of content delivery to students. Students can download on pen drive, SD cards, tablet PC or mobile and use it even if there is no internet connectivity.

DGMT is a UK based company with interests in digital, information, media and event business. Hobson, a subsidiary of DGMT enables education professionals of over 5,000 global secondary schools and colleges to manage the entire student lifecycle, including recruitment, enrolment and retention.



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