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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Determined to reverse its also-ran status, the edtech startup has embarked on course correction. Will it manage to stay in the race?
Editor's note: Vamsi Krishna sends his investors regular updates on the business. Earlier this month, one of those reports got leaked, and lit a fire under edtech reporters. For good reason. Vedantu, Krishna’s edtech venture, had doubled its scale in the two months to May, clocking a cash collection run rate of nearly $60 million as of last month, and a month-on-month growth of just under 50%. (Cash collection is the money collected through bookings in any particular month plus pending collections from previous months. It is a far better measure of business than bookings simply because it takes into account cancellations.) Customer acquisition costs also came down significantly even as product-led sales, which don’t require assistance from a sales team and were at zero last year, accounted for one-eighth of the business. As if that wasn’t enough, attendance in the live classes conducted by Vedantu touched an all-time high of 82%, and renewal rates hit 92% from an average of 65%. There are a bunch of other numbers, but you get the drift. Even if you account for these being good …
Determined to reverse its also-ran status, the edtech startup has embarked on course correction. Will it manage to stay in the race?
Editor's note: Vamsi Krishna sends his investors regular updates on the business. Earlier this month, one of those reports got leaked, and lit a fire under edtech reporters. For good reason. Vedantu, Krishna’s edtech venture, had doubled its scale in the two months to May, clocking a cash collection run rate of nearly $60 million as of last month, and a month-on-month growth of just under 50%. (Cash collection is the money collected through bookings in any particular month plus pending collections from previous months. It is a far better measure of business than bookings simply because it takes into account cancellations.) Customer acquisition costs also came down significantly even as product-led sales, which don’t require assistance from a sales team and were at zero last year, accounted for one-eighth of the business. As if that wasn’t enough, attendance in the live classes conducted by Vedantu touched an all-time high of 82%, and renewal rates hit 92% from an average of 65%. There are a bunch of other numbers, but you get the drift. Even if you account for these being good …
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
The latest quarterly report on the emirate’s real estate market, a new listing in Saudi Arabia and an Airtel arm eyes a UAE IPO.
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
The latest quarterly report on the emirate’s real estate market, a new listing in Saudi Arabia and an Airtel arm eyes a UAE IPO.
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
