Indian Angels Invest In RankJunction


Bangalore: Indian Angel Network has invested an undisclosed amount in ranking platform for competitive exams – RankJunction. IAN members Jay Chopde and Ravi Kiran led this round of investment in the startup and will join the RankJunction board.

RankJunction’s online platform is designed for ‘Live test’ which is a prescheduled online examination taken by thousands of users together. At the end of the test, students can see their All India Rank along with performance analysis and why they have ranked as they have. Currently, RankJunction has 1,00,000 users from more than 1,000 locations registered for its various services.

Founded by Sameer and Rashmi Gautam, RankJunction started off with Medical PG Entrance Exam tests and have ambitious plans to expand into other domains like NEET UG, JEE Mains, CMAT,CTET, CSAT and Bank PO. 

With 15 million students appearing for various competitive exams in India every year, the size of the Indian market is estimated at Rs 5,000 crore and growing rapidly, is what Rank Junction is chasing.

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, reports to BS.

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