Delhi-based EdTech startup, NeoStencil has acquired TestCafe – an analytics-based test practice portal. The acquisition will help to boost NeoStencil’s testing capabilities and enhance the way in which competitive exams participants practice and check their preparedness.
Commenting on the acquisition, NeoStencil Co-founder, Kush Beejal said, “TestCafe’s analytics-based testing has shown tremendous results so far, and is the perfect complement to our online coaching platform. Combining the two will help our students prepare better and faster, and make their preparation outcome-driven. It’s a perfect fit.”
TestCafe’s platform tracks and analyses students’ performance and generate actionable recommendations to enable students to rapidly improve performance. Post the acquisition, TestCafe’s analytics engine will be utilised to handle students’ testing needs for NeoStencil. TestCafe would further help students build accuracy, increase speed and enhance concentration.
Anish Passi, the founder of TestCafe, saw a natural fit in merging with NeoStencil. “The synergies and the potential offered make complete sense. The platform was built in a manner to work across exams. So, the vast potential offered by NeoStencil really excites me.” With the acquisition, Passi also joins in as a Director at NeoStencil.
NeoStencil was founded in December 2014 by Love Beejal and Kush Beejal. The startup provides access to material for UPSC test preparation. It provides live as well as recorded classes, test series and study material from civil services institutes and teachers, along with discussion forums.
The startup currently has 30 top teachers onboard and plans to onboard another 50 teachers by the year-end. Recently, the company also raised $1 Mn in a round led by Brand Capital and California-based Paragon Trust, with the participation of 91springboard, M&S Partners founder Hirokazu Mashita, Jabong co-founder Praveen Sinha, Manu Midha, Unicommerce co-founder Ankit Pruthi and Matt Arpano.
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