Jaipur-based TestnTrack Raises Its Pre-Seed Round from EvolveX

Updated on: 27 December 2023 5:38 pm

The Nasscom report observes that the majority of businesses across key industries are progressing to achieve satisfactory levels of RAI maturity

Nearly 60 Per Cent of Businesses Progressing Towards Mature Responsible AI Practices: NASSCOM Photo: The Nasscom report observes that the majority of businesses across key industries are progressing to achieve satisfactory levels of RAI maturity

AI-backed Start-up TestnTrack raised an undisclosed amount in its pre-seed round from EvolveX, a global start-up accelerator by We Founder Circle (WFC).

The start-up uses artificial intelligence (AI) to solve the difficulty in the conventional hand-written assessment process by offering multifaceted solutions for educational institutions and coaching centers.

It automates hand-written assessments, saving teachers millions of hours and effort. Using AI, teachers scan and upload answer sheets of students for real-time processing, delivering not just marks but also audio feedback in no time.

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The start-up is developing models for vernacular languages, ensuring inclusivity and accessibility in the realm of education technology, the release issued by the accelerator added.

Jaipur-based TestnTrack was founded by Vinay Kamal Sharma (CEO), Priya Soni (COO), and Ritwik Joshi (CTO) in 2022.

EvolveX recognised TestnTrack as a standout contender in its premier accelerator program, Cohort 4, launched in August 2023. TestnTrack successfully secured an undisclosed amount in its Pre-Seed Round, with EvolveX leading the investment charge. Notable contributions also come from esteemed investors such as We Founder Circle (WFC) and GK Ventures, signaling widespread confidence in TestnTrack’s innovative approach, the statement read.

Commenting on the potential of TestnTrack, Bhawna Bhatnagar, co-founder, EvolveX, stated, “TestnTrack’s platform empowers teachers to deliver meticulous gap analysis reports, offering students personalized insights into their individual learning gaps and strengths. Furthermore, TestnTrack’s platform extends beyond the classroom by providing parents with comprehensive, data-driven insights into their child’s academic journey, fostering a collaborative ecosystem crucial for academic triumph.”

On the funds raised Vinay Kamal Sharma, co-founder, and CEO, TestnTrack, affirmed “This infusion of capital addresses a necessity the Edtech industry didn’t realise it needed. Our journey began in a single room, driven not just by a business vision but by the belief that education is a fundamental right.”

TestnTrack aims to expand its footprint across 25 cities like Kota, Ahmedabad, Delhi, Mumbai, Pune, Lucknow, Indore, etc., and cater to evaluating 50,000 students in the upcoming year. The focus of the platform also lies in enhancing its AI Learning Assistance, Nivaa, and upgrading the AI-power Audio Feedback API for Ed-tech companies.

Since its inception in May 2022, TestnTrack has onboarded over 112 institutions across 3 states and 6 cities, evaluating over 56,000 test sheets to date. The company is targeting a revenue of Rs 1.8 Cr in FY24.