NeoStencil, an ed-tech startup, has acquired TestCafe, an analytics-based test practice portal which was founded in 2014. Both parties did not disclose details of the deal.
“TestCafe’s analytics-based testing is the perfect complement to our online coaching platform. Combining the two will help our students prepare better, and make their preparation outcome-driven” said Kush Beejal, Co-Founder & CEO, NeoStencil.
The startup is also in the process of expanding and revamping its product ground-up to include personalized learning paths for the students through incorporating machine learning and artificial intelligence.
“We will soon raise another round of investment for expansion into exam verticals and increase tech developments” say Beejal. NeoStencil had earlier raised a seed round of $1 million from the likes of M&S partners, Paragon Trust, Founders of Jabong and Unicommerce.
The startup claims to have closed FY18 at a revenue close to $1 million, with a 3x growth year-on-year and maintaining profitability.
NeoStencil, is an open marketplace that enables existing top teachers and disruptors of local subpar teachers to connect with students via live video streaming of their ongoing classes, thereby, making sure that the (non-classroom) students get a high-quality learning experience – identical to what they did get if they went to the classroom.
The startup’s platform provides online classes from India’s top teachers & coaching institutes for IAS, IES, GATE and State PCS aspirants, to take ongoing classes via live video streaming, without compromising on their job, the comfort of their home and family and even they need not shell out huge money for relocating to major cities for taking tuition classes for their competitive exam preparation.
It has recently added regional government job exams like State Civil Services in Rajasthan, Andhra Pradesh, Telangana, Madhya Pradesh, Bihar and J&K.
The startup has also set-up offline learning centres in Jaipur and Hyderabad, where students can visit these digital learning centres to know more about its offerings, sit and access online classes.