Softhard Automations Invests in BuyTestSeries.com

Pune, India, March 31, 2018 --(PR.com)-- Pune based Talentick EduSolutions Pvt Limited, which owns www.BuyTestSeries.com, has secured an undisclosed amount of investment from Softhard Automations.

Softhard Automations said that it invested in BuyTestSeries.com, a leading education marketplace that targets the $80 billion coaching class industry in India. Commenting on the development, Mr Milind Jagtap (Director) at Softhard Automations said, "It is very lucrative and has all aspects of learning and opportunities for scaling up one's skills. I am sure the values added will enhance the learning of many aspirants who are short of means and thus deprived. It is a noble initiative and is laudable."

BuyTestSeries is a Pune based online aggregator for coaching class Video Lectures, Tests and Books. The company has shown a healthy growth on all parameters with revenue growing multiple folds quarter on quarter. It is one of the few players in tech enabled education space that has achieved profitability.

Commenting on the development, Gaurav Golwalkar (Co-Founder at BuyTestSeries) says, "The funds will be used to build technology, especially our data mining, automations and predictive analytics area. With over a million visitors, using technology to improve efficiency and student satisfaction remains one of our key goals. We continue to hire the best minds in the industry to achieve our vision."

With poor learning outcomes across a majority of schools & cut-throat competition, the private coaching class industry has grown at a staggering pace over the last few decades. As per reports, over 99% of students in metros go for some form of supplementary education before they reach their HSC examination. The National Capital Region alone is estimated to have over 5 lakh coaching classes as students compete to excel and vie for limited seats in prestigious colleges.

"Majority of our growth has come organically which points to the credibility & high level of customer satisfaction BuyTestSeries has gained over the years. We cater to students right from Pre School to Professional & Competitive exams and are one of the largest players in this space," quips Himanshu Jain, Co Founder at BuyTestSeries.

The educational sector in India has seen a lot of investments with some of the leading players on track to become unicorns. However, with lengthy sales cycles and limited percolation of technology, profitability in this space has remained elusive for most of the players.