EdTech firm Corporate Gurukul said it expects over $5 million in revenues by FY22, doubling in a year helped by growth in newer markets and increasing digitisation.
The Singapore-based firm allows students to solve real-life problems using applied learning and is increasing across Asian countries including India and Middle East. “We are arranging to develop and strengthen our presence in regions of Africa, South America and the USA. Our main focus will be the US, especially Latin America and Asia including Korea, and the South African
continent.We are pointing to go one step ahead of coding which will be Artificial Intelligence to help solve real-world problems,” said Rajesh
Panda, founder of Corporate Gurukul.
Founded in 2007, India accounts for nearly 40% of Corporate Gurukul's overall business and the company attained a 150% compounded annual growth rate since the past five years. It has presence in nearly two dozen countries in Africa, South East Asia, South Asia, Middle East and India.
The ed-tech offers enquiry and innovation using design thinking and internships using AI for schools and universities. It also offers specialised academic internships in data analytics using machine learning and deep learning for university undergraduates. For enquiry involvements and internships they have academic partners – National University of Singapore (NUS), Nanyang Technological University (NTU) and industry partner – Hewlett Packard Enterprise, Singapore. It has also associated with corporations such as HP and Amazon to drive holistic learning.
“We took 6 months to pivot from on-campus to an online delivery model. We weren’t expressively impacted as other industries, and in fact observed 300% quarter on quarter growth in the last 3 quarters. Even with Omicron or any other variant that might come up, the impact would be minimal,” Panda added.
According to Tracxn, there are over 5179 edtech companies in India which raised a combined $1.1 billion in 2021.