The additional investment comes as ed-tech companies across the country are seeing a spike in users, as schools remain shut due to Covid-19. Byju’s, which is valued at $8 billion, said it has added 6 million students since it announced free classes last month. Unacademy, an ed-tech startup backed by Facebook, said students spent a record 1 billion minutes on its platform in March.
Embibe, which was acquired by the Mukesh Ambani-led Reliance Industries for Rs 100 crore, offers test preparation for engineering, medical and railways. besides offering coaching for students from class 8. The startup has also been investing aggressively and acquiring other startups like MockBank and OnlineTyari over the last few quarters to bulk up the business.