India's No.1 Educational Blog: Prozo, a One Stop Exam Preparation Platform, Raises 1.37 Cr in Seed Fund from Angel Investors

New Delhi, September 7, 2015: Prozo (www.prozo.com), an aggregator and marketplace for all types of exam preparation content and mentorship programs has recently closed its seed round on 1.37 Crs. A McKinsey & Company Director have participated in this round along with other eminent personalities namely Nalin Jain, President & CEO, GE (Rail, Mining, Defence & Aerospace), Shomil Pant (Head, Strategy, Wockhardt Pharmaceuticals), Major (Dr) Dinesh Kundu and few more angel investors. Prozo’s founding team members made a 7 minute pitch at the 3rd edition of Young Turks TiE the Knot 2015 where six start-ups battled it out to raise real funds at unreal speeds from India’s top VCs & angels.

Dr Ashvini Jakhar, alumni of ISB and McKinsey & Co. is the brain behind prozo.com. The core idea is to solve the pain points that he personally faced while preparing for some of the most competitive exams.

“Students appearing in highly competitive exams such as CAT, GMAT, Medical, engineering etc face a lot of challenges around ‘selection of right resources’ and ‘finding personal mentors’. We are solving these pain points through www.prozo.com”, say Jakhar who has successfully cleared three of the most competitive exams himself namely Pre-Medical exams, NDA and GMAT. His co-founder, Jerry Jose, alumni of KPMG, Goldman Sachs and HEC Paris, was equally convinced with the problem and decided to be a part of this mission.

Envisioned to be a search engine of education space, Prozo strives to provide competitive exam aspirants with the best of resources. Students can buy all kinds of resources at one place; be it books, e-learning content, coaching material or personal notes. What is unique to Prozo, (named edu4share.com earlier) is the best in class advisory and counseling. Aspirants can also seek guidance through peer-to-peer mentorship programs provided by students who have cleared these exams very recently. Inbuilt ratings and reviews mechanism and mentors-only blogs are unique ways through which students can find best resources for themselves.

More than 40 leading content providers in this space such as Aakash Institute, CrackVerbal, Brilliant Tutorials, Plancess, learnpedia, Meritnation, Toppr.com etc are already selling from www.prozo.com. Also, more than 250 mentors from premier institutes have enrolled on the platform to help mentees succeed.

The team intends to use the funds for talent acquisition, marketing and mobile app development. “Smartphone penetration among our target segment i.e. students is very high so it is a natural next step for us to engage them through mobile application” says Ashvini.

Ashvini and his team are working diligently on the product and build up awareness about it in markets big and small. The team is excited to scale up the idea so that it reaches the aspiring youth.

Note to Editor:

About Founders:

Lt. Cdr. Dr Ashvini Jakhar is a young leader and strategist who have delivered impactful projects in military as well as corporate for almost a decade now. Prior to founding www.prozo.com, Dr Ashvini was serving as a management consultant with McKinsey& Company where he drove projects spanning across various industries and functions. Ashvini also spearheaded many impactful projects in his previous role as Lieutenant Commander in Indian Navy.
He led from the front in 26/11 Mumbai anti-terrorist operations and the post-tsunami rehabilitation operation in Andaman and Nicobar. In recognition of his contributions, he was awarded with ‘Sainya Seva Medal’, a medal for meritorious service conferred on behalf of Honorary President of India. Post Naval tenure, he pursued his MBA from Indian School of Business where he outshined as a student and was also awarded with the highest honor –‘Chairman's All Rounder Award’ for galvanising student body and administration's efforts to bring to life ‘one school- two campus’ vision of ISB true. He has also been conferred with prestigious ‘Global Student Leadership Award’ by Graduate Business Forum; that brings to forefront the contributions of most impactful student leaders across top 50 business schools of the world. His own personal experience and success with competitive exams have led him to pursue a startup of his own with a huge focus on ‘resources’ and ‘Guidance’, key factors in preparation.

Jerry Jose is a Co-founder of www.prozo.com. He is a second generation entrepreneur. He brings with him immense knowledge of consulting and business development. He had worked previously with Goldman Sachs and KPMG. He is an alumnus of HEC Paris, one of Europe’s best business schools. He is in-charge of business development, operations and finance at www.prozo.com.

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