SuperProfs.com Attracts $3M Funding, Top Indian Professors

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Education start-up SuperProfs.com has announced recent developments in its service offering and funding. The virtual tutoring site is now teaming up with 100 of the best Indian professors to enhance the quality of their service. The company is also working to strengthen its finances, having secured $3 million in capital during its Series A round of fundraising.

SuperProfs.com, a product of Aurus Network, was founded in 2010 by graduates of world-renowned education institutes such as IITS, IIMS and Stanford University. The service coaches students in preparation for competitive examinations such as  the IIT Joint Entrance Examination, Graduate Aptitude Test in Engineering, Chartered Accountancy, Certified Management Accountancy, and Company Secretaryship.

The CEO of SuperProfs.com, Piyush Agarwal, explains the website’s initiation, motives and goals.

“Superprofs.com is connecting to your favourite professor at your place at your own time, the level of competition in IPCC is huge as it was declared after 2014 results that 9.49% of the 66,625 candidates have cleared it. Thus the training students are given must be aggressive and superior and we at Aurus Network we are driven by a mission to provide quality education at affordable cost to the masses This motivated us to launch ‘SuperProfs.com’, a common platform for online coaching that is equally accessible to students across the country”

SuperProfs.com provides online students with video lectures and recorded classroom sessions. Students can also receive printed study materials that are home-delivered after subscribing to an online class.

More than 25,000 test takers have used the SuperProfs.com service for their exam preparations. Among the 100 distinguished professors and institutes that have decided to offer their classes online at SuperProfs.com are The GATE Academy offering GATE online coaching, Siddharth Academy from Mumbai, offering CS online coaching, Prof. Rajiv Singh from Delhi, who is a well-known expert for Strategic Financial Management, Delhi-based Prof.Sudhir Sachdeva who is known for his expertise on  Law and Chennai-based Prof.Tharun Raj, who is South India’s most celebrated professor in the field of Indirect Taxes.

The $3 million capital that was raised came from Kalaari Capital and IDG Ventures India. The money will be used to increase the number of courses in the platform, and invest in expansion projects across India.

Karan Mohla, vice president of IDG Ventures expressed his beliefs.

“Our belief is that this platform will scale rapidly through the online delivery model with the mobile as the next frontier to conquer,”

Sumit Jain, principal at Kalaari Capital offered a prediction on the future of online test tutoring

“Online test prep market in India is projected to become a multi-billion dollar industry with over 15 million students preparing and appearing for various competitive exams annually. We’re confident that they will make a difference to millions of students in India and are excited to join them in this journey.”