With strong business and revenue models, here are the 10 startups that are unlocking their potential to serve the industry.
1. Awign Enterprises
Founded in 2016, this Bengaluru-based startup is a gig-workforce training platform. Awign Enterprises undertakes on-the-ground and digital core functions like operations management, auditing, due diligence, and new business development with a team of more than 650K highly trained gig partners in Pan India. Moving away from the industry norms, Awign Enterprises charges its customer only when the job is done and not according to man-hours. Since March 2018, the company has claimed to have grown 30 times having completed over 5 million tasks to date. Currently, the company has a presence in more than 9000 pin codes across 400+ cities in India.
2. Classplus
This Delhi-based startup was founded in 2018 to digitize the tuition system in India. Classplus empowers teachers through a mobile-first product that allows them to share messages, homework, online tests, and video lectures with their online students. With digital payments and ease of tutoring, Classplus saw a surge of 200K+ users on the platform.
3. Doubtnut
Doubtnut is a Delhi-based startup that offers multilingual online learning. The company uses image recognition, NLP, and machine learning algorithms for its video-based solutions as a response to students’ queries. For being able to deliver answers in vernacular languages, Doubtnut uses the data shared by almost 2 million daily users in the form of live classes, notes, and tests. Since the company has monetized its business only in 2020, in this short span the company lodged 10x revenue growth.
4. Masai School
Another ed-tech startup hailing from Bengaluru, Masai School has entered a $3.1 billion worth software development market to train beginners and experienced professionals. Masai School follows an Income-sharing Agreement model which means students don’t have to pay any tuition fee till they bag a job with a package of at least INR 5 Lakh per annum. There is a catch though, according to the company, students pay back the fee amount of INR 3 lakhs through 15% of their monthly income for 36 months. The company currently has 450 students and during the past 10 months, it has managed to triple its user base, across 25 Indian states.
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