Hotline: 1800 102 2007
X
Search Business Opportunities
2013-03-15

IAN invests in RankJunction

Angel Investors Network, Indian Angel Network (IAN) today announced its investment in Nagpur-based ranking platform for competitive exams, RankJunction. IAN investor members Jay Chopde and Ravi Kiran led this round of investment in the start-up and will j

Angel Investors Network, Indian Angel Network (IAN) today announced its investment in Nagpur-based ranking platform for competitive exams, RankJunction. IAN investor members Jay Chopde and Ravi Kiran led this round of investment in the start-up and will join the RankJunction board.

The husband-wife duo of Sameer and Rashmi Gautam founded RankJunction in 2011 to create an innovative platform to take a ‘Live’ test which is a prescheduled online examination taken by thousands of users together. At the end of the test, students can see their All India Rank along with performance analysis and why they have ranked as they have.

With 15 million students appearing for various competitive exams in India every year, the company is chasing the Indian market which is estimated at Rs 5,000 crore.

While talking about the investment, Sameer Gautam, Co-Founder and CEO, RankJunction, said, “The investment raised will be primarily used for strengthening product development. It will also help to scale up the business by launch of more paid tests, bringing more coaching classes on the portal, creating alternate distribution channels and additional new courses for the students.”

The husband-wife team started with Medical PG Entrance Exam tests, has ambitious plans to expand into other domains like NEET UG, JEE Mains, CMAT, CTET, CSAT and Bank PO.

Related opportunities
  • EuroKids pre-schools in 2001 with the idea of providing a..
    Locations looking for expansion Maharashtra
    Establishment year 1997
    Franchising Launch Date 2001
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Sports & Gaming
    About Us: Hexagol - International FootBall Game Brand AN INTERNATIONAL INNOVATIVE MOBILE..
    Locations looking for expansion TELANGANA
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater HYDERABAD TELANGANA
  • About: Arise ‘n’ Shine was established in 2003 in Great Lakes Michigan (North..
    Locations looking for expansion Tamil nadu
    Establishment year 2003
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Healthcare Products
    About Us: Fitnesstack is a premier brand for Fitness and Bodybuilding..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts