A Early Revenue Startup in Education (E-learning, Skill Development) from India is looking to raise funds

Posted By - Startup Posted date - 04/12/2020

BUSINESS BRIEF

Coding bootcamp is in nascent stages in India but is a globally tested business model with at least 3 unicorns operating in the US alone. More so, such business is highly needed in the Indian market given the huge demand for tech roles and low quality of tech education in the country. 

More than 1.5 million tech graduates pass out every year but 90% of them lack skills to be employable at the time they graduate. Due to this, the students struggle to get the right jobs while the employers fail to fill critical vacancies and invest a lot in training and suffer from low productivity. We solve this 2 way problem - students get in-demand skills and improve their employability, while the employer gets trained manpower at low cost and saves a lot on training cost.    

Solution:

We train students extensively in 6 month programs to develop in demand tech skills and improve their employability. Key offerings in terms of service and product. 

  1. A changed Pedagogy: 
  • Employability Oriented 
  • Taught by top Professionals  
  • Online but not entirely Self-paced 
  • With Right Mentorship 
  • Continuous Evaluation 
  1. Learning journey through Product:
  • Learning Platform
  • Coding Practice Tool
  • Gamified Learning
  • Assessment Tool, 
  • Open Mock Interview Platform 

Initial Traction:

  1. Received 3600+ interests, 800+ applications and selected 25 students after assessment test in the first cohort Oct’20 (booked revenue of INR 35 Lakh).
  2. Tie-up with 2 NBFCs for student loan applications.
  3. Launched in house learning platform.
  4. 15+ educators on the platform from top tech companies i.e. Google, Microsoft, Amazon.

Proposal
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Capital Requirement

INR 3 Cr

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Funding Status

I do not have any investment commitment

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Industry & Sub-Industry

Education (1)

Online Certification, Skill Development

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Technology/Product/Service Offering

Tech education

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StartUp Stage

Early Revenue

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Business Segment Type

B2B, B2C

End use of fund (in %)

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Monthly Revenue Run Rate of past 3 months

Financial Information
2017 (in Cr) 2018 (in Cr) 2019 (in Cr) 2020 (in Cr)
Sales
N.D N.D N.D INR 2.5 Cr
EBITDA
N.D N.D N.D
PAT
N.D N.D N.D
TOTAL DEBT
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Business Documents