About Test Preparation Tech
There are 9.49K companies in the Test Preparation Tech sector across the world, with 449 funded companies having collectively raised $5.23B in venture capital money and private equity. Overall 162 of these are Series A+ funded and the sector has seen the creation of 3 Unicorns.
Test Preparation Tech sector has seen 73 acquisitions and 25 IPOs.
This sector includes companies providing courses, educational resources, tutoring solutions, and learning platforms for competitive exam preparation.
Test Preparation Tech sector is also known as Exam Preparation Tech.
Companies included in Test Preparation Tech sector
All companies that provide instructor-led or self-paced courses, tutoring, and educational resources for exam preparation. Exam preparation can be for college entrance or for government jobs. Also includes companies offering management platforms for test preparation providers.Companies excluded in Test Preparation Tech sector
Excludes companies providing learning through offline centers, face to face tutoring and other offline mediums. Also, excludes continued education platforms.Market Map of Test Preparation Tech
The market map of Test Preparation Tech gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Trending business models in Test Preparation Tech sector are Online Test Prep Courses, Personalized Learning and Online Test Prep Tutoring.
Reports related to Test Preparation Tech
Here are some reports related to Test Preparation Tech sector:
Free
Test Preparation Tech - Sector Report
Edition: August, 2026 (67 Pages)
Premium
Test Preparation Tech Investor Landscape
Edition: April, 2025 (12 Pages)
Premium
Test Preparation Tech Exit Landscape
Edition: August, 2026 (15 Pages)
View all reports related to Test Preparation Tech. Sign up today!Top Companies in Test Preparation Tech
There are more than 9.49K companies in Test Preparation Tech. Physics Wallah is the top Test Preparation Tech company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Test Preparation Tech companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of live and recorded classes for academic and test preparation | Noida (India) | 2020 | Public | $275M | |
Provider of online educational resources and structured courses for exam preparation | Bengaluru (India) | 2015 | Acquired | $880M | |
Provider of medical knowledge platforms and clinical decision support tools | Berlin (Germany) | 2012 | Series C | $292M | |
Provider of live interactive K–12 tutoring platform | Bengaluru (India) | 2011 | Series F | $341M | |
Provider of digital learning resources for academic and admission preparation | Dhaka (Bangladesh) | 2019 | Series A | $8M |
Companies founded year-on-year in the Test Preparation Tech sector
374 new startups have been founded so far in 2026 in the Test Preparation Tech sector. 1,128 Test Preparation Tech startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 374 |
2025 | 219 |
2024 | 243 |
2023 | 455 |
2022 | 607 |
2021 | 779 |
2020 | 1,128 |
2019 | 657 |
2018 | 491 |
2017 | 435 |
Companies founded across countries in the Test Preparation Tech sector
India has 4,136 Test Preparation Tech startups, the most by any country, followed by United States which has 1,251 startups and United Kingdom which has 483.
- Total Number of Companies
Country | No. of companies |
|---|---|
India | 4,136 |
United States | 1,251 |
United Kingdom | 483 |
Germany | 176 |
Canada | 153 |
China | 128 |
Spain | 123 |
Pakistan | 114 |
Australia | 112 |
Turkey | 112 |
Stage-wise distribution of the Test Preparation Tech sector
Out of the total 9,486 Test Preparation Tech companies, 449 have secured funding. Among them, 162 have reached Series A or higher, and 123 to Series B or beyond.
Founded - 9,486
Funded - 449
Series A+ - 162
Series B+ - 123
Series C+ - 112
Company Stage | No. of companies |
|---|---|
Founded | 9,486 |
Funded | 449 |
Series A+ | 162 |
Series B+ | 123 |
Series C+ | 112 |
Want to know more about Test Preparation Tech ? Signup and explore Tracxn for free
- 9.5K+ Total Companies
- $5.23B+ Total Funding
- 445+ Funded Companies
- 20+ IPOs
- 70+ Acquisitions
- 15+ Reports
Funding Trends in the Test Preparation Tech sector
Total funding year-on-year in the Test Preparation Tech sector
The Test Preparation Tech sector saw a total funding of more than $4.19B in the last 10 years. The most amount of funding was in 2020 at more than $1.44B. There has been a total funding of $8.09M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $8.09M |
2025 | $336M |
2024 | $215M |
2023 | $67.4M |
2022 | $211M |
2021 | $1.28B |
2020 | $1.44B |
2019 | $367M |
2018 | $145M |
2017 | $119M |
Total funding across countries in the Test Preparation Tech sector
In the last 10 years, Test Preparation Tech startups in India have recieved the highest funding among all countries - $1.82B. China follows with $1.45B and Germany with $337M.
- Total Funding
Country | Total Funding |
|---|---|
India | $1.82B |
China | $1.45B |
Germany | $337M |
United States | $184M |
Brazil | $126M |
United Kingdom | $45.5M |
Singapore | $10.4M |
Spain | $7.65M |
South Korea | $4.6M |
Pakistan | $380K |
Total funding amount raised by stage in the Test Preparation Tech sector
Over the last 10 years, the Test Preparation Tech sector have seen $200M into Seed Stage funding rounds, $1.21B into Early Stage funding rounds and $1.85B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $1.85B |
Early Stage | $1.21B |
Post IPO | $870M |
Seed Stage | $200M |
Debt | $25.2M |
Grant | $6.8M |
Recent Funding Rounds in Test Preparation Tech
In the year 2026, till August 2026, Test Preparation Tech companies have raised $8.09M in equity funding across 9 rounds.
In the same period last year (i.e. till August 2025), Test Preparation Tech companies had raised $302M across 18 rounds.
So, 2026 has seen a 97.32% drop in funding in Test Preparation Tech companies as compared to 2025.
Here are some recent, important funding rounds in Test Preparation Tech:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5447 | Aug 10, 2026 | ||
Seed | 1965 | Jul 17, 2026 | and 3 more | |
Seed | 9799 | Apr 04, 2026 | ||
Seed | 1439 | Mar 27, 2026 | ||
Seed | 2242 | Mar 23, 2026 | - |
Top Investors in Test Preparation Tech
LetsVenture is the top investor in Test Preparation Tech companies based on number of companies invested.
Here are some top investors in Test Preparation Tech:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Bengaluru (India) | ||
Thiruvananthapuram (India) | ||
Bengaluru (India) | ||
Palo Alto (United States) | Vedantu and EduPristine | |
Mumbai (India) |
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M&A activity in Test Preparation Tech
In the year 2026, till July 2026, 2 acquisitions happened in Test Preparation Tech sector. Last year, in 2025, a total of 6 acquisitions happened in Test Preparation Tech sector.
Here are some recent, important acquisitions in Test Preparation Tech:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 16, 2026 | ||
Business Acquisition | Mar 15, 2026 | ||
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Jul 08, 2025 | ||
Business Acquisition | Mar 27, 2025 |
Acquisition trends in Test Preparation Tech
Here are the acquisition trends in Test Preparation Tech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 6 |
2024 | 6 |
2023 | 4 |
2022 | 5 |
2021 | 13 |
2020 | 12 |
2019 | 4 |
2018 | 5 |
2017 | 7 |
IPOs in Test Preparation Tech
In the year 2025, till November 2025, 2 IPOs happened in Test Preparation Tech sector.
Here are some recent, important IPOs in Test Preparation Tech:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 26, 2025 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Nov 18, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jan 09, 2023 | Hong Kong Exchanges (HKG) | |
Dec 07, 2020 | New York Stock Exchange (NYSE) | |
Mar 28, 2019 | Hong Kong Exchanges (HKG) |
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Colleges which produce the most Test Preparation Tech companies
Companies founded by alumni from top colleges in the Test Preparation Tech sector
Most number of Test Preparation Tech startups have been founded by alumni from IIT Delhi, IIT Bombay and IIT Kanpur.
College | No. of companies |
|---|---|
IIT Delhi | 53 |
IIT Bombay | 41 |
IIT Kanpur | 21 |
Harvard University | 18 |
IIT Kharagpur | 18 |
Stanford University | 16 |
IIT Roorkee | 15 |
BITS Pilani | 14 |
IIM Ahmedabad | 14 |
IIM Calcutta | 11 |
Total funding in companies founded by alumni from top colleges in the the Test Preparation Tech sector
In the last 10 years, NMIMS graduates' Test Preparation Tech companies have raised the most funding among top colleges. IIT Bombay alumni are second, and University of Oxford alumni are third.
College | Total Funding |
|---|---|
NMIMS | $880M |
IIT Bombay | $419M |
University of Oxford | $364M |
IIT Roorkee | $346M |
London School of Economics and Political Science | $296M |
IIT BHU | $275M |
IIT Delhi | $105M |
Stanford University | $100M |
Harvard Business School | $85.6M |
Massachusetts Institute of Technology | $79.4M |
Top News in Test Preparation Tech
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The Princeton Review Brings Expert SAT Guidance to ChatGPTPrinceton Review•Jun 10, 2026•Princeton Review
•
Unacademy Co-founder Sumit Jain Steps Down as Test-Prep CEOViestories•May 19, 2026•Unacademy, UpGrad
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Archer & CSIRO collaborate on QML for fraud detection system; Fortescue to develop Pilbara Solar Innovation Hub.Australian Manufacturing Forum•Nov 10, 2025•ArcherReview, CSIRO
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Archer Materials' Biochip Meets Requirements, Resmed Launches New CPAP MaskAustralian Manufacturing Forum•Oct 31, 2025•ArcherReview
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Unacademy CEO Gaurav Munjal steps down; Sumit Jain takes charge
Business Standard•May 28, 2025•Unacademy, Airlearn
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PrepInsta partners with 100+ educational institutes for student upskillingExpress Computer•Apr 21, 2025•Prep Insta, Adda247, GITAM, SRM and 10 others
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Magnolia Financial Partners with Amboss Technologies for CompliancePR Newswire•Apr 18, 2025•Magnolia Financial, AMBOSS
