iProf Learning Solutions, an India-based online education provider backed by media company Daily Mail Group, is winding down its operations, Techcircle has reported, citing two people familiar with the situation.
The iProf website has been out of service for almost a month, Techcircle noted on Tuesday. Telephone calls placed to the last known number for iProf’s headquarters in Noida, India failed to go through.
Founded in 2009 by Sanjay Purohit, iProf provided online coaching as well as digital education and test preparation materials. These materials could also be accessed offline, via pen drives and SD cards.
Purohit was CEO of iProf until June 2016, and is now a managing director at merchant bank M-III Partners, according to his LinkedIn profile.
The company sought to raise $20m in a series C round in 2015, VCCircle reported in June that year. At the time, the company was looking to grow its registered user base from 3.5 million to 50 million over two years.
Hobsons, the education subsidiary of Daily Mail Group’s investment arm DMG Information, led iProf’s $9m series B round in 2014, investing together with IDG Ventures India, the local venture capital affiliate of US-based IT media company International Data Group, and VC firm Norwest Venture Partners.
Norwest and IDG Ventures India had already participated in a $6m series A round for iProf in 2011 that featured Kaplan Ventures, the venture capital subsidiary of test preparation company Kaplan.