New Delhi (India), December 22: The path to becoming a civil servant just got smoother, thanks to a game-changing initiative from Testbook, a leading online UPSC coaching platform. In a move that’s sending shockwaves through the industry, Testbook has announced:
Financial Support for Prelims Qualifiers: Aspiring civil servants who crack the UPSC Prelims will receive a Rs. 1 lakh scholarship, easing the financial burden of further preparation and motivating them to focus on their studies.
Guaranteed Job Offer with a Competitive Salary: Upon clearing the UPSC exam, graduates are promised a guaranteed job with a minimum salary of Rs. 2.5 lakh per month. This eliminates the post-exam job hunt anxiety and provides immediate financial security, allowing civil servants to concentrate on their new roles.
This audacious step by Testbook marks a seismic shift in the traditional UPSC coaching model. Previously, high costs and the lack of post-exam job support often created hurdles for aspirants from diverse backgrounds. Now, Testbook is not only democratizing access to top-notch coaching but also empowering students with financial incentives and career assurance.
The initiative aligns perfectly with the evolving landscape of the UPSC coaching industry, which is embracing meritocracy and inclusivity. By prioritizing talent and dedication over financial resources, Testbook sets a new standard for coaching. This innovative approach has the potential to level the playing field and make the UPSC dream more attainable for everyone.
Ravi Kapoor, Testbooks’ Chief Mentor and former IRS officer, deserves special mention for his role in this revolution. His unique mentorship style and focus on gamifying the UPSC preparation process have already shaken up the coaching landscape. Now, with this groundbreaking initiative, Kapoor’s contribution to democratizing civil service aspirations becomes even more significant.
While it’s too early to predict the long-term impact, Testbooks’ move has ignited excitement and praise from students and experts alike. Many believe this could trigger a domino effect, prompting other coaching institutes to follow suit and create a more student-centric environment.
Ultimately, Testbooks’ revolutionary initiative has the potential to redefine the UPSC coaching industry and pave the way for a more accessible and rewarding path to becoming a civil servant. This is a win-win for aspiring civil servants, the industry, and, ultimately, the nation.
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Suffering? Not able to find a government job? Age limit is going to end in the next coming years, still not prepared for the examinations? In case, you are a general candidate and frightened that SC’s and ST’s are going to capture your position, please don’t get worried about the fact.
Testbook is here to construct your SARKARI future for the upcoming competitive examinations and guide you with all the best materials possible. Maybe you didn’t pass in the last examination but this time you are going to score and pass with flying colours. Read the Testbook success story below.
Testbook is a site for aspiring students who dream of passing competitive exams of different kinds. Subscription is needed to unlock the tests for all the available uploaded examinations. The ones who are weak in English, for them the tests are also available in the Hindi language as this language is known and owned by all. The site helps it’s candidates to improve their scores.
Testbook – Founders and Team
Yadvendar Champawat, Dr. Praveen Agarwal, Ashutosh Kumar, Abhishek Sagar, Manoj Munna and Dr. Narendra Agarwal are the founders of the company Testbook.
Testbook Co-Founders
Yadvendar Champawat is the head of the technology department and co-founder at Testbook.
Praveen Agarwal is also the co-founder at Testbook.
Ashutosh Kumar is the Chief Executive Officer of the company.
Abhishek Sagar is one among the founding members of Testbook.
Manoj Munna is the co-founder and CBO at Testbook.
Narendra Agarwal is also one of the co-founder at Testbook. Previously, he was the co-founder at ExcelMentors.
Testbook – Business Model
Testbook Logo
The company has got 100+ online courses and 5500+ mock tests. The concerned site gives 500+ PDFs and study notes of all the courses available as it’s mentioned above about the study materials provided. There are various tips and tricks by the masters to improve the candidate’s speed. Doubts are always answered ones posted.
The company has got its own way of operating. It operates on a subscription-based revenue model split between mock test subscriptions which costs INR 699 per year and online course subscriptions are at INR 3499 which is still bearable for many citizens. Offers available – 1- day Testbook costs INR 29, 6 – months Testbook costs INR 299 and a yearly Testbook costs INR 399. Offers may often change without prior notice. The users get six-month access here. It also offers shorter subscriptions at INR 1299 for 2 months. It generates a revenue of $4.2 million. The coronavirus pandemic has changed the rate of success. In the month of April 2020, there was 80% revenue growth. Now, the platform has increased exponentially to 6,50,000 learners. Around 10 lakh students attend live online classes. It’s a victory!
Testbook – Partnerships And Franchises
The company has got 750+ partners in 90+ cities and 250+ towns of India. In order to open a textbook center in your city, you have to have – computer setup, Internet and inverter facilities, headphones are a must. Revenue is to be made on each agreement. There is a chance of collecting around 1.5 lakh monthly and the investment on the company begins from 75K. Contact number is mentioned above. Interested people can talk to the team agents for more information. The company has got it’s centers in many cities – eg. Bhagalpur, Delhi, Patna, Gorakhpur etc.
Testbook has raised an amount of $12.6 million in funding over the 5 funding rounds.
Date
Transaction Name
Money Raised
Lead Investors
January 8, 2020
Series B
$8.3 million
Iron Pillar
April 3, 2017
Series A
$4 million
Matrix Partners India
March 1, 2016
Series A
–
–
August 14, 2015
Venture Round
–
–
October 29, 2014
Seed Round
$250,000
Shankar Narayanan and Utsav Somani
Testbook has got 9 investors. Nataraj Sindam and Iron Pillar are the most recent investors.
Testbook – Growth
The company came into existence in January 2013 by 6 IIT Delhi and Mumbai alumni’s. They all are geniuses so they know how to operate and this is only the reason behind the growth of this EdTech startup. There were 13,000 registered candidates only for GATE preparation. Can you believe it? Then what is the number if all candidates are calculated as a whole! In the beginning, the company had 55,000 registers as a whole which raised around INR 1.5 crores. If this was the growth rate in 2014, what is the rate now? The growth rate for them is a massive one.
The company has got its own top 10 opponents. Namely – Toppr, Embibe, KhanAcademy, Unacademy, KaysonsEducation, Vedantu, Fitjee, Meritnation, Extramarks and BYJU’S.
Let’s look at the few comparisons below –
Toppr is also an online platform like Testbook for entrance exams in India.
Vedantu has got a live online tutor for its students so it’s a bit way different.
Embibe provides its candidates with personal feedback services.
Almost all the companies are thinking differently and trying to implement something new to stand in the top position by biting others. This is exactly what competition is meant to be!
Due to the COVID outbreak, this year, the company’s future plan is to make the students study safely at home. It’s for those who go to the coaching centers placed all around India. The students are to download the guide uploaded in a PDF and study hard by sitting in within their homes.
The surrounding is becoming highly contagious so this was the decision taken by the 6 main team members so that the studies of the concerned students don’t get hampered by the situation outside. Internet is a place to learn therefore everybody can make themselves comfortable by using modern technology, staying safe and learning more.
Testbook – FAQ’s
What is Testbook?
Testbook is a site for aspiring students who dream of passing competitive exams of different kinds.
What service does Testbook provide?
Testbook helps throughout your preparation journey by daily live classes catering to 100+ government exams like – RRB NTPC, SSC CGL, CHSL, DRDO MTS, SSC JE, IB ACIO, Bank Clerk and Bank PO exams like SBI Clerk & SBI PO, and many more.
Who is the Founder of Testbook?
Yadvendar Champawat, Dr. Praveen Agarwal, Ashutosh Kumar, Abhishek Sagar, Manoj Munna and Dr. Narendra Agarwal are the founders of the company Testbook.
Who is the Founder of the Testbook?
Ashutosh Kumar is the CEO of Testbook.
Is Testbook Test series good?
Testbook Test series Interface is superb. Just like the real exam. Very good mock test practice.
Testbook – Conclusion
Testbook is one of India’s Favorite Government Exam Preparation platform. Testbook helps throughout your preparation journey by daily live classes catering to 100+ government exams like – RRB NTPC, SSC CGL, CHSL, DRDO MTS, SSC JE, IB ACIO, Bank Clerk and Bank PO exams like SBI Clerk & SBI PO, and many more. Textbook’s thoughtfully designed courses make sure that you learn systematically and ace your dream exam.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by the organization it is based on.
In 2018, Tamil Nadu Assembly Secretariat received 4,600 applications for the post of sweepers and sanitary workers. While nothing is fascinating about this news, what should bother you is the fact that the majority of these applicants were graduates and post-graduates! Again, the news of 93,000 candidates including graduates, postgraduates, and even Ph.D. holders applying for peon jobs in UP was also trending for quite some time. These are just two incidents among numerous others that prove the obsession Indians have towards government jobs. While this craze for ‘Sarkari Naukri’ would never cease, thankfully, preparing for government job examinations and tests undergone serious revamp.
Earlier, aspirants had two ways of preparing for such entrance tests: enroll in a coaching center which in many cases was quite expensive. The second option was of self-study that isn’t everyone’s cup of tea. Moreover, it involves collecting lots of material for studying in the absence of proper guidance (this doesn’t mean that there’s a shortage of people who excel through self-study).
If one considers backward areas where the popularity and awareness of government jobs aren’t widespread, thousands of capable students altogether miss the chance of giving a shot at such exams. However, the advent of edtech has changed the scenario with the availability of resources, guidance, and what not at the tip of one’s fingers through the internet. Gurgaon based OnlineTyari is one such startup making it easier for the Indian government job aspirants to succeed in their attempts.
OnlineTyari, the brainchild of Bhola Meena and Rajveer Meena, is among India’s leading web/mobile app platforms for online preparation of different competitive exams in India. Headquartered in Gurgaon, OnlineTyari is turbocharged by the latest technologies for solving test preparation problems and facilitates the entire learning experience for serious aspirants. Its unique data-driven and deep analytical approach makes it unique in the field.
Enrolled students can avail mock assessment tests, test preparation e-books, and study material in three languages: Hindi, English, and Marathi. Students can also buy video lectures for various subjects and exams via OnlineTyari.
Also, coaching classes can tie-up with OnlineTyari for test prep solutions and other technical needs. The company recently established its offline presence by establishing Experience Centers in Patna and Jaipur, where students can take tests and have their doubts cleared. The company regularly generates engaging and informative content and sends alerts to the students about the exam schedules and application form deadlines.
“Our product was well taken and loyal users have been spreading good words about us in the student community. Keeping that vision in sight, we have kept product so simple that our users across geographies can use it.”, says Bhola Meena, founder of OnlineTyari.
OnlineTyari – Industry Details
Based on a report published by KPMG and Google, India’s online education market is set to grow to $1.96 billion by 2021 and the online test preparation segment is expected to burgeon at a CAGR of 64%. The market for government and public sector entrance exams in India is huge, with more than 20 million aspirants every year and counting.
OnlineTyari – Founders
Bhola Meena and Rajveer Meena co-founded OnlineTyari in 2014.
OnlineTyari Team
Bhola Meena, with a B.Tech degree in Computer Science and Engineering from IIT Kanpur, has been constantly employing his skills and hard-earned knowledge for pushing forward the online education trend in the country and is committed to bringing in innovations in this sector.
An entrepreneur by nature, Bhola has been instrumental in giving wings to two other start-ups in the past. He was a partner at HinKhoj.com—a platform for English to Hindi translation and English-Hindi learning. Prior to HinKhoj, Bhola co-founded and served as the CTO for GetMeCab.com, one of the first three taxi-hailing apps in India. He was also associated with firms like Microsoft and the Aricent Group.
Rajveer Meena (the co-founder) has over a decade of proven experience ranging from software development and product management, to business development. After earning his B.E. Degree in Computer Engineering in 2004, he joined Tata Consultancy Services as an Assistant Systems Engineer. He has had professional stints at Ramco and HPCL and established himself as an emergent business leader. With a PGDM from the prestigious IIM Lucknow, highly-motivated Rajveer embraces a consistent, deep-focus approach in his career.
Today, his stellar track record of building teams and implementing ideas has led him to become a key visionary for OnlineTyari. His expertise lies in decoding user behavior, spotting implicit needs, building a product roadmap, and delivering smart solutions. He shares with his team the art of solving problems from the root of successfully creating a strategic business differentiator.
OnlineTyari – How It Started
Both Bhola Meena and Rajveer Meena have known each other for the last 14 years and no, they’re not siblings! Bhola took an exit from Getmecab in 2013. While he was spending time at his ancestral village in Rajasthan after off-boarding Getmecab, some children from the neighborhood visited him to for some doubts related to their studies. One of them was preparing for a government job and requested Bhola to bring back certain books, guides, and mock papers from the renowned coaching institutes from Delhi upon his next visit to the village.
Deliberating further, he came across a number of students in the village who aspired and dreamt of doing something big in life but weren’t unable to live up to their potential due to a lack of resources. They neither had the right resources to prepare for national-level exams nor the awareness about the scores of government services related competitive exams being held across the country.
When he discussed this with a couple of friends including Rajveer, the ideation of OnlineTyari began. They identified a huge gap that had to be filled for making information accessible and organized to ensure the younger generation getting the jobs they truly deserve. They conducted some market research and organized surveys in a couple of cities such as Jaipur, Kota, and Delhi before starting. The initial response was overwhelming and they started working on OnlineTyari’s portal from Jaipur in 2014.
Bhola and Rajveer understood the real need of students and started delivering value through the OnlineTyari app and website.
OnlineTyari – Revenue Model
At present, OnlineTyari is working on monetizing its services through an annual subscription-based revenue model—TyariPlus. TyariPlus was launched in the last week of March 2018 and over 7500+ students have subscribed to this product —. They are hoping to touch over 25,000+ paid monthly subscribers in 4-6 months. Students usually appear for 5-10 exams in a year and end up spending an average of 3000 to 5000 for preparation courses. With TyariPlus, OnlineTyari is offering the same value at @1499 for an annual subscription. As an introductory offer, this plan is available at INR 399 for a limited period. Through TyariPlus, students get the following benefits:
Material for 25+ exams with 1000+ mock tests for the next 12 months.
Preparation materials in the following languages: Hindi, English, and Marathi.
A counseling session with experts.
Personalized analytics.
Student-driven forum.
Apart from TyariPlus, students can also opt for separate packages for different exams and subjects.
OnlineTyari has raised a total of $5.8M in funding over 2 rounds. Their latest funding was raised on Nov 9, 2016 from a Series A round.
Date
Stage
Funding Amonunt
Investors
September 2015
Angel Round
$750K
500 Startups, Mohandas Pai, Tandem Capital, Vikram Chachra and Aloke Bajpai co-founder & CEO of Ixigo
November 2016
Series A
$5M
Michael & Susan Dell Foundation
OnlineTyari – Initial Challenges
In the early years (2014-15), users’ response for paid courses was sluggish courtesy of factors such as low trust in online preparation resources, greater familiarity with traditional study methods, and lack of online payment infrastructure. But the team decided to stay on course and learned the art of survival in such crucibles. The vision to make an impact outweighed fleeting difficulties.
Gradually, students’ responses to the product improved and OnlineTyari started getting lots of inbound feedback on various fronts. The company did not look back and continues creating value for students. Edtech platforms have witnessed significant strides since early 2017. This is evident with the spurt in the adoption of paid learning platforms, and the blossoming of ventures like Unacademy, Neo Stencils, and Byju’s.
OnlineTyari – Competitors
OnlineTyari counts Unacademy, Oliveboard, Neostencil, Gradeup, Testbook, Toprankers as its competitors.
However, the vernacular approach has provided OnlineTyari the much-needed penetration in Hindi and Marathi speaking states and has helped it stay above others in the competition. The easy to use product coupled with the vernacular diversity has resulted in super growth that too without significant spending on marketing. This has given OnlineTyari an edge over its rivals. OnlineTyari’s daily submitted assessments are way more than those of its closest competitor.
OnlineTyari – Partnerships and Tie-ups
OnlineTyari has partnered with ePayLater to provide its customers with the convenient option of registering for online courses on job-oriented tests, and paying for them later. OnlineTyari has also partnered with various educational institutions, coaching institutes, and individual tutors who provide quality material for examinations like IBPS, SSC, UPSC, GATE, etc. The company also partners with various coupon sites and Paytm to sell its subscription.
With vernacular diversity and coverage for multiple examinations, the company has 8.5 million registered users and 7 million students have downloaded the OnlineTyari app. Presently over 5,50,000+ students us its services every day. Majority of the users in the case OnlineTyari hail from cities such as Patna, Jaipur, Indore, Lucknow, and Ajmer, in addition to large metros such as Delhi and Pune.
OnlineTyari – Future Plans
OnlineTyari aspires to become India’s No. 1 test preparation platform. To achieve this, the company will be expanding its offline presence in North India. It is also looking to include more languages on its platform soon. With a clear vision and strategy to leave its mark in the edtech sector, OnlineTyari endeavors to bring the youth of the country on a single digital platform and help them prepare for their dream government jobs.
FAQs
What is OnlineTyari?
OnlineTyari is a web and mobile app platform delivering educational contents, mock tests and guidance for students and job aspirants preparing for various exams in India.
Purbalee Dutta
