Norwest, IDG Ventures invest Rs 22-cr in e-learning firm iProf

Noida-based e-learning company, iProf Learning Solutions, today said it has raised Rs 22-crore in Series A funding from Norwest Venture Partners (NVP) and IDG Ventures India (IDGVI).

PTI | April 20, 2011



Noida-based e-learning company, iProf Learning Solutions, today said it has raised Rs 22-crore in Series A funding from Norwest Venture Partners (NVP) and IDG Ventures India (IDGVI).

The funds will be used to fuel aggressive expansion of iProf's e-learning centers (iProf iStudy Zones) in metros and Tier II and III cities throughout India and abroad, as well as for bringing a large number of new iProf products to market by continued partnerships with the country's best professors, the company said in a statement.

NVP India's Executive Director, Mohan Kumar and IDGVI's Founder, Chairman & Managing Director, Sudhir Sethi, will join the Board of the company.

"India's test preparation market is expected to reach USD 1-billion in three-years. However, primary growth restraints to date have been the lack of strong teachers, the limited reach of classroom programs into Tier II and Tier III cities and the high price of classroom coaching for IIT/MBA courses," iProf Founder & CEO, Sanjay Purohit, said.

"To meet the needs of this growing market in India, iProf has created an innovative e-learning marketplace by which a large number of courses can be provided in extremely engaging and interactive formats at an affordable price to millions of students world-wide. This is available to even those students who don't have computer or Internet access," he said.

iProf Learning Solutions is an e-learning company and an operator of a chain of Wi-Fi-enabled e-learning centers pan- India. .
 

Comments

 

Other News

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter