Bengaluru-based online test preparation platform, Toprankers, has strategically acquired The Lex Guru, an Indore-based legal test prep platform, marking a significant expansion of Toprankers’ regional reach [1]. This latest move not only enhances Toprankers’ presence in the legal test prep sector but also aligns with their recent business endeavors, including the acquisition of ProBano, a career guidance platform [1].
Toprankers, established in 2016, has been a forerunner in providing test prep courses for law, judiciary services, state exams, and management entrance exams [2]. With this latest acquisition, the company fortifies its commitment to the legal test prep sector, alongside their existing platform LegalEdge.
The company has been making significant strides in the edtech sector. Recently, Toprankers secured $4 million in a funding round led by Sixth Sense Ventures [2], with plans to introduce new categories in the test prep segment, expand its team, and set up offline centers across various locations.
The acquisition of The Lex Guru exemplifies Toprankers’ strategy to harness growth and diversify their offerings. It’s a strategic move that allows Toprankers to tap into the potential of the legal education sector and to deliver a superior learning experience to its users, propelling their career aspirations.
With Toprankers’ vision of supporting the career aspirations of millions of students [4], the acquisition of The Lex Guru will further contribute to this mission by providing an enhanced learning platform for aspiring legal professionals. This move also marks the company’s second acquisition this year, reinforcing its strategy to grow and diversify its test prep offerings.
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Toprankers aims to become India’s leading platform for new-age careers, and with the addition of The Lex Guru to their portfolio, they have taken a step closer to achieving this goal. By offering a more diverse range of educational resources, they are creating more opportunities for students to thrive in their chosen fields.
While the financial details of the acquisition have not been disclosed, the move is seen as an indication of Toprankers’ aggressive growth strategy. With a current annualized revenue run rate of $3 million, Toprankers aims to doubleits revenue in the next year [2].
In summary, the acquisition of The Lex Guru is a testament to Toprankers’ commitment to quality education and marks a significant step in its journey to becoming the leading test prep platform in India. As the company continues to expand its offerings, aspiring law students across the region can look forward to benefiting from a broader range of resources, expert knowledge, and comprehensive legal test prep courses.