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madguylab.com

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Founded Year

2014

Stage

Seed VC | Alive

Total Raised

$260K

Last Raised

$150K | 3 yrs ago

About MadGuy Labs

MadGuy Labs offers mobile-based exam test preparation services for government jobs in four local languages including Kannada, Telugu, Marathi and Hindi, apart from English.

MadGuy Labs Headquarter Location

PWS 7 Hills Kokapet

Hyderabad, 500075,

India

87568 96411

Latest MadGuy Labs News

Gray Matter Capital invests in an online test-prep platform for government jobs MadGuy

Dec 20, 2018

Gray Matter Capital invests in an online test-prep platform for government jobs MadGuy Ed-tech focussed impact investor Gray Matters Capital has made a seed investment in MadGuy Labs, a Hyderabad-based online test-prep platform for government jobs in India. Nilesh Christopher  |  ETtech  |  December 20, 2018, 08:45 IST Ed-tech focussed impact investor Gray Matters Capital has made a seed investment in MadGuy Labs, a Hyderabad-based online test-prep platform for government jobs in India. MadGuy Labs was among the top performing startups in the first cohort of Gray Matters Capital’s Mobile EdTech Accelerator Program – GMC Calibrator edLABS is Gray Matters Capital’s early stage education and skilling sector focused innovation portfolio that funds for-profit enterprises of entrepreneurs in the ed-tech space solving for gaps in 21st-century skills and future of work for the Indian mass market. The funding announcement was made at the Customer Story Day of the GMC Calibrator - the Mobile EdTech Accelerator Program focused on improving User Engagement on mobile education and skilling apps in which MadGuy Labs was selected to be a part of the first cohort. “The complete opportunity path from the discovery of applicable government jobs to preparation via customized learning towards those multiple jobs on a basic smartphone that is affordable, in vernacular got edLABS excited to invest. This is especially true to create more opportunities for women to access quality content in the comfort of their homes. We hope that edLABS funding will enable these three IIT-Roorkee founders to grow more to provide more choice and agency for the last mile,” said Smita Sircar, Innovations Director – edLABS and Ecosystem, Gray Matters Capital. The app allows users to study for multiple government exams and is available in five Indian languages - Kannada, Telugu, Marathi, Hindi, and English. Learnings from the GMC Calibrator program allowed MadGuy Labs to improve their user engagement by sending personalized notifications based on the user persona. This has helped the Daily Average Time Spent (Per User) to grow by 30% (11 Min to 15 min). Changes to the payment screen have helped double the number of transactions happening in the app. edLABS had funded Jaipur based turnkey STEM (Science, Technology, Engineering & Maths) solutions provider SRJNA in September 2018 and will be looking to close the calendar year with 3 more investments. In 2019, edLABS will be focusing on investing in skilling, employability and livelihood solutions towards reducing barriers for women and girls. RELATED

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