[caption id="attachment_63049" align="alignleft" width="121" caption="Students in 20 countries use Watermelon Express."][/caption]When Ashish Rangnekar wasn’t studying for his business school entrance exam, he played games, perused websites, and checked eMail on his iPhone. Now he – and 75,000 other students – can do both simultaneously.

Rangnekar is the cofounder of Watermelon Express, an application available for the iPhone, iPad, and desktop computer that helps students prepare for high-pressure exams such as the GMAT, GRE, LSAT, and SAT using...

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