ixamBee an online learning platform raises funds through Mumbai Angels Network

ixamBee an online learning platform raises funds through Mumbai Angels Network

ixamBee , a complete online learning platform for government jobs, has raised funding led by Mumbai Angles. ixamBee provides learning courses for competitive exams for jobs in central government, state government, banks and other public sector organisations. About 50 million applicants appear for various government job exams every year and most of them come from tier 2-3 towns and villages. After Covid-19, job losses and uncertainty in the private sector has led to an increased level of interest in the already attractive government job space. ixamBee is the only platform that provides online mock tests free for more than 50 such exams and provides complete online learning experience starting from career guidance to interview preparation. More than 5 million students have been benefited by ixamBee. Thousands of selections and student testimonials have contributed to the fast organic growth of the platform. The current funding is led by Mumbai Angles Network and also received funding from external investors. Existing investors including Keyur Joshi, co-founder MakeMyTrip, also participated in the current round, reaffirming their belief in ixamBee. ixamBee will utilise the funds to enhance its offerings by investing in technology for richer customer experience and in developing content for courses for various government jobs. The funds will also be utilised to increase the reach of ixamBee through various marketing channels and also spread exam awareness amongst prospective applicants, many of whom miss opportunities, due to lack of knowledge/information on such government job exams. Considering the recruitment season has re-started after a pause during the Covid-19 lockdown, with this funding, ixamBee is well placed to accelerate growth to the next level.

Chandraprakash Joshi, Co-founder & CEO at ixamBee says “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.”

Nandini Mansinghka, Co-promoter & CEO, Mumbai Angels Network commented, "We are happy to welcome ixamBee to our Portfolio. The platform is created by an experience and super talented team who have incorporated online courses for government jobs plus mock tests which provides a 360 degree training to the aspirant leading to accelerated the growth."