For millions across India aspiring to get a government job and Study IQ Education is arguably the most preferred choice. Now on YouTube channel has 8+Million subscribers. Its mobile app launched in April’20 has already clocked 1 million+ downloads. StudyIQ has been able to achieve this milestone without burning cash to acquire views/subscribers. Since its inception, the venture has been profitable and has 200+ courses catering to 120+ government exams.

An elated Dr. Gaurav Garg, Co-founder, Study IQ, said “We saw our views triple from 30 million in February to 90 million in July. And the of our mobile app further accelerated this exponential growth adding another 10 million views, powering us to this remarkable global milestone. That many of these subscribers are also turning paid and all of this is being achieved organically, is what makes this achievement really remarkable.”

“We are a consortium of passionate educators who come with a strong offline education experience where we interacted with thousands of students. The deep insights into the preference and psyche of our target audience gained through that experience helped us develop the right content & delivery options. We brought in rigorous mentorship programs for our tutors to create a culture of constant learning and excellence on top besides investing in cutting edge technology. We are confident of crossing many more such milestones in our quest to emerge as a path-breaking venture in the space,” Gaurav further added.

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The company, which offers integrated curriculum and technology solutions to affordable private schools, is targeting the private school market in tier 2 cities and beyond and will utilize the capital to grow its sales channel and sign up new customers. It will also seek to enhance its technology offerings to help schools better monitor and improve student learning outcomes.

Previously, in 2019, Elevar Equity had infused $7 Mn in Lead School’s Series B round and $1 Mn in Series A funding round in 2017. The Edtech startup is planning to use the latest funding to target more private schools in Tier 2 cities and beyond. Currently, 80-85% of its customers include affordable private schools in Tier 2, 3, and 4 towns.

Lead School was founded in 2012 by Sumeet Mehta and Smita Deorah. It offers integrated curriculum and technology solutions to affordable private schools enabling them to impart better and advanced education.

Lead School has developed its own high-quality learning content for students, teaching resources for teachers, technology integrations for schools to monitor the performance of students, and a platform where parents can monitor their child’s academic performance.

“Affordable schools in small towns are where the problem is. In metros, the teachers are doing a great job. But in small towns, the parent aspiration is high, but teacher skill is low, and that’s the sweet spot where we work,” co-founder and CEO Sumeet Mehta told ET.

The company claims to have grown its network of schools from 150 to 800 in the past one year and expects to maintain the same growth momentum in 2020 as the pandemic has strengthened its position in the market with schools are looking for more options to digitize. “Previously, schools were hesitant to adopt technology, but Covid-19 has shown people that the age-old ways are not going to work,” Mehta added.

“We see great potential in Lead School, given their innovative and focused approach in ensuring accessible, quality school-level education for all,” Sandeep Singhal, managing director of WestBridge Capital said. WestBridge Capital is also an investor in Edtech giant Vedantu.

According to Inc42 Plus, the Indian online learning market is expected to be worth $1.96 Bn by 2021. According to the report, before Covid-19 lockdown, seven out of 10 top Edtech players were focussed on school-level online learning. Vedantu, Learn CBSE, BYJU’S, Toppr, Tiwari Academy, Meritnation and Gradeup collectively captured 51.25% of the traffic share.

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This startup was founded by Prateek Shukla, Nrupul Dev, and Yogesh Bhat in June 2019. It trains tech aspirants in full-stack web and android development and helps them get placed through its partner network. It claims to have placed 82 percent of its total students’ base at an average salary package of Rs 6.6 lakh.

The company, in a press statement, said that it will be utilizing the fund to strengthen its classroom and digital infrastructure, provide quality education to students and make them job-ready. Also, it will be using the money to expand its service offerings, including UI/UX, product management, and data science, to meet the demand of companies hiring computer science graduates equipped with industry-relevant skills and attitude required for rapid growth.

The Masai School integrates the Income Sharing Agreement with the students, where it allows them to pay the course fee after they get a high paying, relevant job.

Currently located in Bengaluru and Patna, Masai claims to have trained 100+ students across four batches, with more than 50% of students from non-computer science and non-metro backgrounds.

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