Private Equity

Liquidity Events

B2B edtech co Classplus buys out Matrix and Pivot Ventures' stake in Testbook

Entrackr  

Noida-based B2B edtech company Classplus has acquired a minority stake in exam preparation startup Testbook via a secondary transaction. Classplus has bought out the shares of current investors Matrix Partner India and Pivot Ventures. Eight-year-old Testbook helps students from smaller cities prepare for government exams through live classes, mock tests and quizzes. Classplus allows educators and content creators to build their online presence, digitise their offline tuition centers and sell their courses online.

From the Venture Intelligence PE-VC Deal Database: Between Mar-2017 and Jan-2020, Testbook had raised over USD 11 M from Pivot Ventures, Iron Pillar, Matrix Partners India, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)