Eupheus Learning plans to double revenue to Rs 300 cr by March

• ByStartupStory     |    October 17, 2022

On the strength of schools coming up and their traction toward technology, edtech startup Eupheus Learning aims to more than double its revenue this fiscal to Rs 300 crore, a top company executive said.

Amit Kapoor, co-founder and director of Eupheus Learning, told PTI that the company is in the process of increasing its team size from 450 to 600 individuals in order to meet its growth requirements.

With the start of classes, children aren’t moving as quickly to other online platforms, but we find energy has returned for platforms like ours. We did Rs 140 crore in the financial year 2022. We have 7,500 schools as users; this will rise to 12,000 schools by March.We generated Rs 140 crore during the 2022 fiscal year. By March, this will be worth Rs 300 crore, according to Kapoor.

In September 2021, the firm had purchased ClassKlap, which offers school-based personalised education programmes. Eupheus Learning offers curriculum in digital format along with supplemental modules.

It purchased the B2B edtech company SchoolMitra, which offers a software-as-a-service platform to help schools manage their daily administrative and academic operations.

In five years, we have onboarded 7,500 schools, including 6,000 premium schools that charge over Rs 50,000 annually and the rest are English medium private affordable schools with annual fees in the range of Rs 20,000 to Rs 50,000, according to Kapoor. “We see a large opportunity and latent demand from the schools to innovate,” he continued.

He claimed that the company had a 25% market share out of India’s 24,000 or more elite schools.We had 300 employees overall in March 2022; that number has since increased to 450, which includes 290 salespeople; we are currently scaling up our team size to 600 by November.

“This will only comprise 450 salespeople. Our goal is to contact as many schools as possible. “We have had a conversion rate of 50%, which is the greatest in the business,” Kapoor said.

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