Indian Angel Network’s invests in ranking platform for competitive exams – RankJunction.

The funds raised will be used for strengthening product development. It will also help to scale up the business by launch of more paid tests, bringing more coaching classes on the portal, creating alternate distribution channels and additional new courses for the students, according to BS.

IAN investor members Jay Chopde and Ravi Kiran led this round of investment and will join the RankJunction’s board.

Founded in 2011 by Sameer and Rashmi Gautam, Rank Junction.com is a testing platform for candidates of a prospective exam to come together at prescheduled time, take the test and get their ranks in advance.

The online mock test replicates the pattern, number of users and the difficulty level of the actual exam thus helping the users to understand their Preparation Level amongst the total candidates appearing for the exam.

It offers multiple Practice Tests under various courses which consists thousands of questions. The questions are prepared by renowned authors in the respective fields.
The user can self analyse his performance in a particular test as explanations are also provided along with the correct answers.

Recently, Indian Angel Network invested an undisclosed amount in Alma Mater, an online brand for official school and college merchandise. The fund will be used for marketing, infrastructure and hiring.

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