Deal Description

850Mn students globally are confused about taking education & career decisions throughout their school & college journey. Typical questions involved:

• Which career to pursue?

• What subjects to read? 

• Which exams to focus on?

• Which college to crack?

• What more to do for profile building?

AcadSpace is building the Google Map for Careers to guide students realtime and solve all these queries. We partner with institutions & tutors B2B to enable guidance for students.

With just INR 40 Lacs capital, we built the product, got 900+ institution EOIs and Tutor aggregators with over 3 lac tutors onboarded with us. 

Our current fundraise will help us service this market and boost product innovation and operation to unlock the next (100x) growth story - recommendation engine.

While initial guidance counselling helps us win the student's trust, Recommendation engine helps us leverage this trust and sell allied courses for education and holistic development.

Our FY 24 revenue targets are ~ INR 24cr given that we are able to close the fund raise by March. We are glad to be ~70% near our target mark in commitments and oversubscribed with interests. We look to do the deal in a CCPS format to keep all terms fair and lucrative for the interested investors. 

Attached Files