New Delhi: 70 million students appear for competitive exams every year. Majority of these students come from middle-class families and a large number of students belong to villages and small towns where career guidance and access to good quality education material to clear these exams, is a dream that can be fulfilled by expensive big city coaching centers only. Breaking this myth is ‘ixamBee,’ an online education company that crossed the 300 million questions attempts on its portal in less than 2 years from Pan India, including small cities and districts like Kakinada, Madurai, Ellore, Dharampuri, Shillong, Jind, Vidisha, Meerut, Haldwani, etc to name a few.
Founded by the trio Sandeep Singh, Arunima Sinha, and Chandraprakash Joshi, ixamBee leverages technology to customize content and make quality education accessible to all aspirants preparing for competitive exams. It helps unskilled graduates and undergraduates in preparation of entrance exams for jobs in Centre Government, Banks, State Governments, Railways, LIC, and other competitive exams.
Backed by industry leaders, the company has raised funds through an angel funding from high net worth individuals working in the technology and finance industry. Investors include the Co-founder of MakeMyTrip (Keyur Joshi) and senior executives of ITC, Myntra, Milaha, YES Bank, Indigo, etc., many of whom are graduates of IIM, IIT, ISB, IRMA, to name a few.
Commenting on the learning-oriented interface of the portal, Co-founder& CEO, ixamBee, Chandraprakash Joshi, said, “Just like the considerations made at home when someone is studying to keep the entire home environment distraction free – as a conscious choice the ixamBee portal has been kept study friendly for the users by avoiding any sort of paid advertisements. The fact that 300 million questions have been attempted by our users on the website, shows the impact we have been able to make in such a short time, encourages us and strengthens our belief in what we are doing.”
The online practice tests are based on real-time exam patterns. The system generated analysis improves students’ scores by identifying their strong and weak areas. Online video learning modules and live sessions enhance students’ learning. Those students who cannot afford to come to cities, get affordable education at their place and at the time of their convenience. Online learning also helps working professionals and college going, students.
As per KPMG Google Report, the online education market, is going to be USD 1.96 Billion (~Rs.14,000 Cr rupees) by 2021. ixamBee aims to reach 100 million students by 2025, so users can continue to get access to a host of learning content, ranging from real-life simulation of exams, varied online courses, to daily current affairs.