Kalaari Capital and newly formed venture fund Lightbox are together investing $4 million in Mumbai-based Embibe.com an online test prep portal specializing in engineering entrance exams. The startup currently has 15,000 students on board and expects to diversify into offering medical prep tests along with expanding to other emerging markets like China over the next two years. The funds will be used in enhancing Embibe's student and teacher network, getting more exams on to the platform and deepening its research around performance improvement.
Source: Times of India
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