Company lists
The Maharashtra edition · 2026

Test preparation techcompanies in Maharashtra

Mock tests & exam platforms, online courses, school & olympiad prep, college & entrance exams, professional & government exams and more: the companies building test preparation tech in Maharashtra, with their founders, funding, team size and business models.

214 company profiles41 with reported revenue13 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent test preparation tech business events in India

Funding, M&A, contract wins and launches involving 2,609 test preparation tech companies in India, last 24 months: 14 M&A deals · 6 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Upgrad acquires Unacademy

Edtech major upGrad is set to acquire Bengaluru-based Unacademy in an all-stock transaction valued at approximately Rs 2,055 crore ($218 million).

Edtech
M&AAcquisition · Announced

Physics wallah acquires Sarrthi IAS

Physics Wallah (PW) has acquired a 40% stake in Sarrthi IAS, expanding its presence in the civil services examination preparation segment. The deal reportedly values Sarrthi IAS at…

UPSC coaching
M&AAcquisition · Announced

Upgrad acquires Unacademy

upGrad has signed a term sheet to acquire Unacademy in a 100% share-swap deal, marking a major consolidation in India’s EdTech sector.

EdTech
FundingSeed

Nprep

Nursing exam preparation startup Nprep raised $1.5 million in a Seed round.

Nursing exam preparation startup
M&AAcquisition · Completed

Embibe acquires eDreams Edusoft

Bangalore based Edu Startup Embibe, a subsidiary of Reliance Industries Limited (“RIL” ) has acquired more than 90 % in eDreams Edusoft Private Limited (Funtoot) Funtootfor over 70 crores.

Ed-tech
M&AAcquisition · Announced

Physicswallah acquires Xylem learning

PhysicsWallah has approved the acquisition of an additional 12.29% stake in its subsidiary Xylem Learning, raising its total shareholding to 77.27%, according to a regulatory filing made…

Education
FundingConvertible note

Vedantu

Edtech startup Vedantu said on Friday it has raised $11 million through convertible notes in a round led by ABC World Asia, a Temasek-backed impact investing fund, along with other…

Edtech
M&AAcquisition · Completed

Nordomatic acquires DDE

Meanwhile, Sale-based engineering company DDE was acquired by Stockholm-headquartered Nordomatic last year.

Engineering / building management systems
Funding

Adda247

After these, Info Edge invested in startups, including men's grooming brand Ustra, B2B ecommerce platform Shopkirana, edtech platform Adda247, omni channel inter-city bus travel platform…

Investors Info edge
M&AAcquisition · Announced

Physicswallah acquires Sarrthi IAS

PhysicsWallah is reportedly in the final stages of acquiring Delhi-based Sarrthi IAS, a mentorship-driven UPSC coaching institute.

UPSC Coaching
M&AAcquisition · Announced

Veranda Learning Solutions acquires Navkar Digital Institute

Veranda Learning Solutions has taken a 40.41 per cent stake in BB Publications Pvt Ltd (BB Virtuals) and acquired a 65 per cent stake in Navkar Digital Institute Pvt Ltd (Navkar Digital)…

Education
M&AAcquisition · Terminated

Unacademy acquires Physics wallah

Pandey famously declined Unacademy's Rs 75 crore acquisition offer to remain independent.

M&AMerger · Announced

Unacademy acquires Allen career institute

Unacademy, one of India’s prominent edtech firms, is reportedly in advanced discussions with Allen Career Institute for a potential merger.

Edtech
M&AAcquisition · Rumored

Allen career institute acquires Unacademy

Offline test preparation centre Allen Career Institute is reportedly in advanced discussions to acquire Gaurav Munjal-led edtech startup Unacademy at a likely valuation of $800 Mn.

Edtech
FundingDebt and Equity

Vedantu

The edtech unicorn Vedantu has raised debt and equity capital from Stride Ventures totaling Rs 19.25 crore, or $2.3 million.

Investors Stride ventures
Edtech
M&AAcquisition

Adda247 acquires Ekagrata

Prior to this acquisition, Adda247 successfully made three notable acquisitions – StudyIQ (a UPSC-focused ed-tech platform) in 2021, Veeksha (a 3D experiential learning company) in 2023…

EdTech

Test preparation tech companies in Maharashtra, by revenue

Browse test preparation tech companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 41 companies below are the largest by their most recent reported revenue among 41 test preparation tech companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 41

Provider of online and in-person CA coaching programs

Test preparation tech
₹55.02 crFY 2024-25
-25%2024–2025
93LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jan 2026

Provider of online exam preparation courses

Test preparation tech
₹44.15 crFY 2024-25
+61%2024–2025
48LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Chain of test preparation platform for CA exams

Test preparation tech
₹41.94 crFY 2024-25
-9%2024–2025
40LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Provider of online examination and remote proctoring solutions for institutions

Higher education tech
₹26.52 crFY 2024-25
+21%2024–2025
42LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of CFA, FRM, and financial modelling coaching services

Test preparation tech
₹15.63 crFY 2024-25
+24%2024–2025
43LinkedIn · Jul 2026
15 yr2011
0none in 3 months

App-based tutoring and test preparation platform for students

Test preparation tech
₹15.48 crFY 2024-25
+2%2024–2025
139-52% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Chains providing online tutoring and test preparation for school students

Test preparation tech
₹14.26 crFY 2024-25
+224%2024–2025
305-49% 12 mo to Jun 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jul 2026

Provider of personalized online education programs for diverse age groups

Test preparation tech
₹13.19 crFY 2024-25
-54%2024–2025
909+143% 12 mo to Apr 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Educational resources for test preparation

Test preparation tech
₹11.21 crFY 2024-25
+42%2024–2025
22LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of test preparation solutions

Test preparation tech
₹7.78 crFY 2024-25
-5%2024–2025
235-27% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Exam preparation platform provider for students

Test preparation tech
₹5.37 crFY 2021-22
Not reported
9LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Information portal for Indian MBA aspirants and students

Test preparation tech
₹5.95 crFY 2024-25
-16%2024–2025
138LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Platform offering resources for test preparation

Test preparation tech
₹4.11 crFY 2024-25
+119%2024–2025
—Not available
6 yr2020
1postings · last posted Aug 2026

Provider of a learning platform

Test preparation tech
₹3.08 crFY 2024-25
Not reported
—Not available
2 yr2024
0none in 3 months

Digital assessment platform for preparing multiple exams

Test preparation tech
₹2.21 crFY 2021-22
Not reported
149-66% 12 mo to Jan 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Online platform providing college entrance exam preparation solutions

Test preparation tech
₹2.24 crFY 2024-25
+40%2024–2025
1LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Online learning platform for competitive exams

Test preparation tech
₹1.74 crFY 2024-25
Not reported
33LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Mobile-based platform providing entrance exam preparation solutions

Test preparation tech
₹1.71 crFY 2024-25
Not reported
7LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of education community with test preparation for various competitive exams

Higher education tech
₹1.62 crFY 2024-25
-31%2024–2025
20+67% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
1postings · last posted Sep 2026

Mobile & SaaS-based platform providing competitive exam preparation solutions

Test preparation tech
₹1.27 crFY 2021-22
Not reported
9+12% 12 mo to Feb 2022recorded Feb 2022
8 yr2018
0none in 3 months

E-commerce portal for purchase and sale of competitive examinations test preparation material

Test preparation tech
₹1.11 crFY 2021-22
Not reported
9-10% vs previous recordrecorded
12 yr2014
—No postings tracked

Online learning platform for academic and skill development

K-12 edtech
₹1.16 crFY 2024-25
-40%2024–2025
107+136% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jul 2026

Provider of actuarial science exam preparation

Test preparation tech
₹77.82 lakhFY 2024-25
-19%2024–2025
18LinkedIn · Jul 2026
13 yr2013
0none in 3 months

The platform conducts Olympiad exams for students

Test preparation tech
₹69.73 lakhFY 2024-25
+21580%2024–2025
27LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Online platform providing college entrance exam preparation solutions

Test preparation tech
₹57.07 lakhFY 2021-22
+55%2021–2022
66-25% vs previous recordLinkedIn · Jul 2026
7 yr2019
0none in 3 months
41 of 214 companies shown here · the full list is on Radar
Fliar Radar

Explore all 214 test preparation tech companies in Maharashtra on Radar

This page shows the top 41. Radar has the complete, filterable list with contacts and live company signals.

Open test preparation tech in Maharashtra on Radar
  • Every company, not just 50All 214 test preparation tech companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore test preparation tech companies in Maharashtra by what you are looking for

Find test preparation tech companies in Maharashtra, from online exam preparation platforms to mock test providers. Browse test prep technology by exam type, including engineering, medical, finance and government exams.

8 ways to explore test preparation tech in Maharashtra

Mock test & online exam platformsOnline test prep courses & coachingSchool exam & olympiad preparation companiesCollege entrance & higher education exam prepCA, finance & government exam preparationLanguage learning & proficiency test prep

Mock test & online exam platforms

Platforms offering mock tests, online examinations and remote proctoring.

  1. prepmantra

    PrepMantra is an online learning and test preparation platform for students.

    Test preparation tech
    Website
  2. Profound Edutech

    Profound E­dutech is the best java classes in pune.

    Test preparation tech
    Website
  3. truetest

    TRUETest offers psychometric tests and solutions across individuals, educational institutions, and corporates.

    Test preparation tech
    Website
  4. lsoft technologies pvt. ltd.

    Lsoft Technologies is a one-stop solution for online and offline examinations.

    Test preparation tech
    Website
  5. Vsmart Academy

    Chain of test preparation platform for CA exams

    Test preparation tech
    See in list

Online test prep courses & coaching

Online courses and coaching programs for competitive and entrance exams.

  1. Swapnil Patni

    Provider of online and in-person CA coaching programs

    Test preparation tech
    See in list
  2. Vishwas CA

    Provider of a learning platform

    Test preparation tech
    See in list
  3. Ekeeda

    Online learning platform offering a wide range of courses and resources

    Higher education tech
    See in list
  4. LangTech Hub

    Online platform providing multiple language learning and test preparation solutions

    Continued learning
    See in list
  5. Financial Planning Academy

    Platform offering courses related to the field of accounting and finance

    Test preparation tech
    Website

School exam & olympiad preparation companies

Learning and test prep platforms for school students and Olympiads.

  1. SpeedLabs

    Chains providing online tutoring and test preparation for school students

    Test preparation tech
    See in list
  2. Get Set Learn

    Online learning platform for academic and skill development

    K-12 edtech
    See in list
  3. Indian Talent Olympiad

    The platform conducts Olympiad exams for students

    Test preparation tech
    See in list
  4. Recycle Books

    Platform offering a vast collection of e-books

    Test preparation tech
    Website
  5. Toppscholars

    Online learning platform for students

    Test preparation tech
    See in list

College entrance & higher education exam prep

Prep for engineering, medical, management and other admission tests.

  1. ExamOnline

    Provider of online examination and remote proctoring solutions for institutions

    Higher education tech
    See in list
  2. Biomentors

    Online video-based tutorials and mock tests for medical entrance exams

    Test preparation tech
    Website
  3. Meritstore

    Online platform providing college entrance exam preparation solutions

    Test preparation tech
    See in list
  4. PagalGuy

    Provider of education community with test preparation for various competitive exams

    Higher education tech
    See in list
  5. Ekeeda

    Online learning platform offering a wide range of courses and resources

    Higher education tech
    See in list

CA, finance & government exam preparation

Coaching for CA, CFA, civil services and other professional and government exams.

  1. Prepbook

    Mobile-based platform providing government exam preparation solutions

    Test preparation tech
    See in list
  2. Financial Planning Academy

    Platform offering courses related to the field of accounting and finance

    Test preparation tech
    Website
  3. Zerzura

    App-based platform offering solutions to crack public service exams

    Test preparation tech
    Website
  4. IAS Specialists Academy

    Provider of mentorship programs and courses for candidates preparing for the civil service exam

    Test preparation tech
    Website
  5. FinTree Education

    Provider of CFA, FRM, and financial modelling coaching services

    Test preparation tech
    See in list
23 companies in Maharashtra

Language learning & proficiency test prep

Apps and courses for English and other language proficiency exams.

  1. LangTech Hub

    Online platform providing multiple language learning and test preparation solutions

    Continued learning
    See in list
  2. IELTS Ninja

    Online IELTS tutoring platform

    Test preparation tech
    Website
  3. Sparken

    Provider of IELTS writing samples and analysis for exam preparation

    Test preparation tech
    Website
3 companies in Maharashtra

Test preparation tech startups in Maharashtra

Newer test preparation companies founded in recent years.

  1. Vishwas CA

    Provider of a learning platform

    Test preparation tech
    See in list
  2. LangTech Hub

    Online platform providing multiple language learning and test preparation solutions

    Continued learning
    See in list
  3. Shinkan

    AI-based platform providing online proctoring solutions

    Test preparation tech
    See in list
  4. iSchoolPrep

    Mobile-based platform providing multiple exam preparation solutions for study abroad aspirants

    Test preparation tech
    Website
  5. iPredictor AI

    Provider of AI-driven exam preparation, stress management, and academic support

    Test preparation tech
    Website
35 companies in Maharashtra

Test preparation tech companies hiring in Maharashtra

Test preparation companies currently hiring in Maharashtra.

  1. Swapnil Patni

    Provider of online and in-person CA coaching programs

    Test preparation tech
    See in list
  2. SpeedLabs

    Chains providing online tutoring and test preparation for school students

    Test preparation tech
    See in list
  3. Target Peak

    Platform offering resources for test preparation

    Test preparation tech
    See in list
  4. PagalGuy

    Provider of education community with test preparation for various competitive exams

    Higher education tech
    See in list
  5. Get Set Learn

    Online learning platform for academic and skill development

    K-12 edtech
    See in list
8 companies in Maharashtra
Mobile reach

Top 10 test preparation tech apps from Maharashtra

The most-installed Android apps published by test preparation tech companies headquartered in Maharashtra — 8.2M installs between them. 50 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

msvgo: The 20-minute study app

by MSVgo

Installs3.4M
Rating—
Installs, year on year+3%
Last updatedDec 2022
View on Google Play ↗
msvgo: The 20-minute study app screenshot 1msvgo: The 20-minute study app screenshot 2msvgo: The 20-minute study app screenshot 3msvgo: The 20-minute study app screenshot 4msvgo: The 20-minute study app screenshot 5msvgo: The 20-minute study app screenshot 6
2

Biomentors Online for NEET

by Biomentors

Installs1.1M
Rating4.8424K ratings
Last updatedApr 2026
View on Google Play ↗
Biomentors Online for NEET screenshot 1Biomentors Online for NEET screenshot 2Biomentors Online for NEET screenshot 3Biomentors Online for NEET screenshot 4Biomentors Online for NEET screenshot 5Biomentors Online for NEET screenshot 6
3

EvalBee (OMR sheet scanner)

by EvalBee

Installs757K
Rating4.5320K ratings
Last updatedFeb 2026
View on Google Play ↗
EvalBee (OMR sheet scanner) screenshot 1EvalBee (OMR sheet scanner) screenshot 2EvalBee (OMR sheet scanner) screenshot 3EvalBee (OMR sheet scanner) screenshot 4EvalBee (OMR sheet scanner) screenshot 5EvalBee (OMR sheet scanner) screenshot 6
5

InstaPrepsAI Confidence App

by InstaPreps

Installs603K
Rating4.83603 ratings
Last updatedDec 2025
View on Google Play ↗
InstaPrepsAI Confidence App screenshot 1InstaPrepsAI Confidence App screenshot 2InstaPrepsAI Confidence App screenshot 3InstaPrepsAI Confidence App screenshot 4InstaPrepsAI Confidence App screenshot 5
7

IFAS Online

by IFAS

Installs412K
Rating3.0811K ratings
Last updatedMay 2026
View on Google Play ↗
IFAS Online screenshot 1IFAS Online screenshot 2IFAS Online screenshot 3IFAS Online screenshot 4IFAS Online screenshot 5IFAS Online screenshot 6
8

Toppscholars - Smart Learning

by Toppscholars

Installs382K
Rating—
Last updatedApr 2026
View on Google Play ↗
Toppscholars - Smart Learning screenshot 1Toppscholars - Smart Learning screenshot 2Toppscholars - Smart Learning screenshot 3Toppscholars - Smart Learning screenshot 4Toppscholars - Smart Learning screenshot 5Toppscholars - Smart Learning screenshot 6
10

SPC Prime: CA Coaching App

by Swapnil Patni

Installs139K
Rating4.06K ratings
Installs, year on year+17%
Last updatedAug 2025
View on Google Play ↗
SPC Prime: CA Coaching App screenshot 1SPC Prime: CA Coaching App screenshot 2SPC Prime: CA Coaching App screenshot 3SPC Prime: CA Coaching App screenshot 4SPC Prime: CA Coaching App screenshot 5SPC Prime: CA Coaching App screenshot 6
The business behind the activity

Test preparation tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 32 test preparation tech companies in Maharashtra for FY24-25 — 46 of the 214 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 67% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹256.93 cr

32 companies filing accounts

combined net profit₹8.74 cr

3.4% aggregate margin

are profitable44%

14 of 32 companies

median revenue~₹1.5 cr

the typical company

median revenue growth-5%

into FY24-25

earned by the top five67%

revenue concentration

Six-year view

Combined revenue of filing companies

₹159.20 crFY19-2022 filers
₹136.00 crFY20-2132 filers
₹168.56 crFY21-2233 filers
₹256.14 crFY22-2333 filers
₹268.97 crFY23-2433 filers
₹256.93 crFY24-2532 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 27 companies over three years

+1%
FY22-23₹254.86 cr−₹23.96 cr net
FY23-24₹267.17 cr₹5.17 cr net
FY24-25₹256.16 cr₹8.88 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1414% profitable
₹1–10 cr956% profitable
₹10–100 cr978% profitable
₹100–1,000 cr0—
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking16
0–20%1
20–50%4
50–100%1
Doubled+7

29 companies with accounts for both years; median growth -5%.

Profitability

Profit is concentrated at the top

14profitable
18loss-making
3.4%aggregate margin
-1.5%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
SpeedLabsTEEVRA EDUTECH PRIVATE LIMITED+224%₹14.26 cr
The Unique AcademyUNIQUE INSTITUTE OF HIGHER LEARNING PRIVATE LIMITED+61%₹44.15 cr
EduracleSOFOS LEARNING SOLUTIONS PRIVATE LIMITED+42%₹11.21 cr
FinTree EducationFINTREE EDUCATION PRIVATE LIMITED+24%₹15.63 cr
ExamOnlineDIVERSIFIED BUSINESS SOLUTIONS PRIVATE LIMITED+21%₹26.52 cr
IFASIFAS EDUTECH PRIVATE LIMITED+2%₹15.48 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
FinTree EducationFINTREE EDUCATION PRIVATE LIMITED50.3%₹15.63 cr
Swapnil PatniSWAPNIL PATNI EDUTECH LIMITED34.8%₹44.36 cr
ExamOnlineDIVERSIFIED BUSINESS SOLUTIONS PRIVATE LIMITED22.2%₹26.52 cr
Vsmart AcademyEDUSMART ACADEMY PRIVATE LIMITED18.7%₹41.90 cr
The Unique AcademyUNIQUE INSTITUTE OF HIGHER LEARNING PRIVATE LIMITED7.3%₹44.15 cr
EduracleSOFOS LEARNING SOLUTIONS PRIVATE LIMITED4.8%₹11.21 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Test preparation tech26₹227.52 cr~₹1.7 cr46%10.8%
Leaders

Largest test preparation tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Swapnil PatniSWAPNIL PATNI EDUTECH LIMITED₹44.36 cr₹15.44 cr34.8%-34%
The Unique AcademyUNIQUE INSTITUTE OF HIGHER LEARNING PRIVATE LIMITED₹44.15 cr₹3.23 cr7.3%+61%
Vsmart AcademyEDUSMART ACADEMY PRIVATE LIMITED₹41.90 cr₹7.83 cr18.7%-9%
ExamOnlineDIVERSIFIED BUSINESS SOLUTIONS PRIVATE LIMITED₹26.52 cr₹5.90 cr22.2%+21%
FinTree EducationFINTREE EDUCATION PRIVATE LIMITED₹15.63 cr₹7.87 cr50.3%+24%
IFASIFAS EDUTECH PRIVATE LIMITED₹15.48 cr₹58.96 lakh3.8%+2%
SpeedLabsTEEVRA EDUTECH PRIVATE LIMITED₹14.26 cr−₹2.96 cr-20.7%+224%
UFaberUFABER EDUTECH PRIVATE LIMITED₹13.19 cr−₹2.58 cr-19.6%-54%
EduracleSOFOS LEARNING SOLUTIONS PRIVATE LIMITED₹11.21 cr₹54.14 lakh4.8%+42%
Avanti.inAVANTI LEARNING CENTRES PRIVATE LIMITED₹7.78 cr₹13.12 lakh1.7%-5%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Test preparation tech funding and M&A across India

333 recorded equity rounds have gone to 2,609 test preparation tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months5

US$2.73m

equity rounds, last 24 months13

US$17.83m

raised over five yearsUS$1.01bn

106 rounds in India

M&A deals, India14

last 24 months

Capital by year

Equity funding into test preparation tech in India

amount rounds
$75m201822
$136m201928
$585m202040
$668m202138
$130m202221
$15m202323
$185m202413
$11m20257
$2.7m20264

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$668.37m across 38 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.84m17 rounds · median US$75k
SeedUS$48.11m66 rounds · median US$605k
Series AUS$121.30m8 rounds · median US$3.47m
Series BUS$271.12m7 rounds · median US$15.47m
Series D+US$127.66m7 rounds · median US$5.65m
Where the money went · five years

Most-funded sub-sectors

Test preparation techUS$806.37m86 rounds · 49 companies
K-12 edtechUS$160.30m16 rounds · 6 companies
HrtechUS$45.00m1 rounds · 1 companies
Academic tutoringUS$331k2 rounds · 2 companies
Higher education techUS$15k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

13Acquisition
1Merger

Most active acquirers

  1. Upgrad4
  2. Physicswallah2
  3. Unacademy2
  4. Physics wallah1
  5. Embibe1

Most acquired or merged

  1. Unacademy5
  2. Sarrthi IAS2
  3. eDreams Edusoft1
  4. Xylem learning1
  5. DDE1

Each deal appears in the events strip at the top of the page.

Test preparation tech funding in Maharashtra

13 test preparation tech companies in Maharashtra have recorded equity funding, US$29.57m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind test preparation tech companies in Maharashtra. 87 of 214 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra test preparation tech companies by sub-sector

The most common specialisations among test preparation tech companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring test preparation tech in India and nearby markets.

Coming soon