Source: Financial Chronicle

TestFunda: Thinkcell Learning buys Testfunda.com provider

Hyderabad-based, Thi­nkcell Learning Solutions, formerly Gateforum Educational Services, recently acquired e-learning company Enabilon Learning, which offers its testprep packages through Testfunda.com. YES Securities was the financial advisor from Enabilon Learning.TestFunda.com is focused on MBA and bank test prep market and has six lakh registered users and 250 institutional partners. TestFunda's courseware helps students with the entrance tests like CAT and others and apart from POs, clerical and other bank jobs. It basically provides with online aptitude test-preparation.Earlier this month, Thinkcell acquired the Yukti brand.With the acquisition of Testfunda, the company now has four verticals - Gateforum for GATE preparation, Yukti for preparing students from 8-12 science division for JEE and medical entrance, Logiquest (Kaplan Certified Education Partner) for education abroad focusing on GRE, GMAT, SAT, TOEFL and USMLE and Testfunda.­com for online MBA and Bank test preparation market, said Mohit Goel, chief executive officer and managing director of ThinkcellLearning Solutions.It has plans to invest about Rs 30 crore into operations in three years. Its current revenues were over Rs 40 crore and it hoped to cross Rs 75 crore in 2016-17, he [email protected]

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Testfunda provides an online aptitude test preparation for competitive entrance exams, campus recruitment and bank exams... Read more