Deal Description

Description:

1. A cross platform (mobile+web) STEM learning application with minimal CAC and having free or affordable hands-on application-based content in regional languages will be an ideal fit for India’s unique edtech needs.
2. They offer hands-on-Robotics, Coding, IoT, AI and other STEM programs for K-12 schools and students of Age 6+ years.
3. Backed by India’s leading Education and Publishing group Navneet Education Ltd, they partners with schools to provide following STEM solution,

USP of Company:

1. Instructor led Live Classes
2. Revision through Video and Quiz
3. Community Sharing & Peer Inspiration
4. Practical Applications

Traction:

1. 150,000 + online users, 10,000+ teachers trained
2. 2000+ schools onboarded
3. Served 6 state govt and 4 Corporate clients
4. Confirmed orders of Rs. 2 crores and current Pipeline of 10 crores for FY 2023-23
5. Strategic Partnerships with 2 ERP/Publication companies with total reach in 15000+ schools, some others are in pipeline

Key Activities:

1. To continue current growth, Achieve breakeven
2. For Scaling up Govt and CSR Clients and Growing the B2B2C conversions
3. Strategic Partnerships to enter in international in school coding education market
4. To reach INR 25 Cr+ ARR in 2 years with handsome margin ratio
5. To add Integrability, APIs, SSO, Multi Tenancy and White-labelling features on the app and platform to make the b2b integration seamless

Financials:

1. 2015-21 = ₹ 1464 Lakhs
2. 2021-22 = ₹ 216 Lakhs
3. 2022-23 = ₹ 840 Lakhs

Financial Projections:

1. 2023-24 = ₹ 1869 lakhs 
2. 2024-25 = ₹ 5758 lakhs
3. 2025-26 = ₹ 12722 lakhs

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