Aurus raises $3 million in funding
Bengalurubased, a product of Aurus Network, has raised $3 million from venture capital firms Kalaari Capital and IDG Ventures India. This round of funding will be used for scaling up its product offerings to other competitive exams and speed up its expansion plans of entering newer markets across India, according to a company statement. Currently SuperProfs.com offers online courses for competitive exams like CA, CS, CMA and GATE. Aurus Network was founded by IIT Kanpur graduates Piyush Agrawal and Sujeet Kumar in 2010.
The company had earlier raised an angel round of funding from Indian Angel Network which includes Ajai Chowdhry, cofounder of HCL Infosystems and Sharad Sharma, Former CEO, Yahoo India R & D. Piyush Agrawal, CEO and Cofounder of Superprofs.com, said: “A large number of users have started using the Internet for education in general and specifically for preparing for exams. Besides tier 1 cities, we are increasingly witnessing a significant number of students from tier 2 and 3 towns who earlier could not prepare well for such exams due to a lack of good teachers in their city, adopting online exam preparation at SuperProfs.com.”
(Source: Press release)