Prepathon, Learning App for Competitive Exams, Raises Pre-Series A Investment from Blume Ventures
PaGaLGuY’s Prepathon - A learning app for competitive exams, has raised an undisclosed amount in its pre-series A round from Blume ventures, an early stage investment firm. The funds will be used to add another 50 courses to the Prepathon stable, which presently has courses in banking, government, management and engineering exams.
Launched in August 2015, Prepathon has already attracted a huge 150,000 users to its fold. An app that helps create a virtual classroom for students preparing for competitive exams, it comes with proprietary feature ‘Coach.’ This ‘Coach’ helps improve student performance by solving queries, giving motivation and providing interactive learning sessions.
PaGaLGuY runs India’s largest and oldest online community used by millions of students every year and it will be a key part of Prepathon’s growth story. It has been a self-sustaining company which has remained the first choice for all MBA aspirants in the country for over a decade. Their next product, Prepathon aims to solve the problem of personalizing learning at scale using bots.
Speaking on the investment, Karthik Reddy, Founder, Blume ventures says, “Prepathon leverages the right mix of community, personalized coaching and the beginnings of bot technology for interactive learning. It's very exciting to finally see education models getting a fresh lease of life and Indian products like Prepathon trying to build new global models.”
Allwin Agnel, a MBA Graduate from the Wharton School, founded PaGaLGuY in 2002 when just a graduate, believes that “Technology that allows us to personalize learning at scale using bots will be one of the biggest drivers of innovation in the educational space. Our team is focused on building solutions that will allow every student to learn better. “
Prepathon is backed by a strong and young technology team led by Sandeep Kalidindi, a Masters Graduate from Massachusetts Institute of Technology, Boston (MIT). The goal is to work on cutting edge technology solutions that focus on personalization and learning.
Commenting further, Karthik Reddy, added “I met Allwin almost a decade ago and while I knew PaGaLGuY was doing well, we loved his renewed vision for the mobile era, one that stretched beyond discovery in one stream of education to content and coaching across every stream of higher education and skill training.”
Prepathon has been designed keeping in mind the new-age educational needs in India and the fact that the education sector is expected to grow significantly in the coming years. As students look to different applications over the internet to solve their educational problems, Prepathon aims to become the ‘go-to’ destination for students worldwide, who want a personalized learning experience.
