India, Maharashtra
Market: Other
Project stage: Operating business
Also this project:
-
Find investments
- Participate in the Unicorn Battle
Idea or High Level Concept
Purpletutor offers live online classes for kids in the k12 segment. We core proposition is to disrupt the space of education by building what we call the "TutorBOT" . This is a virtual teacher that works in conjunction with a live teacher to offer learning that is extremely personalized as well as standardized. In the end state this is like a on-demand live teacher that is a BOT that can teacher the students (independently).
Territory of the product or service implementation
Global (world)
Traction and Current Status
We've built a product market fit and have been generating revenue for over a year now. Our Annual run rate of revenue is over $0.25 MN and growing by 50-70% monthly. We have presence in 15+ countries and our total team size is now 60+. Our Net Promotor Score (NPS) is at 74.
Problem or Opportunity
We solve for the need of computer science education that is demanded by parents and students. .Our aim to to give those much needed skills to tomorrow's workforce by starting to build their skill-sets today.
Solution
Please visit www.purpletutor.com We have courses for kids of all grades in K10 on coding.
Customer Segments and Market
Global product Market size >100bn USD ( please refer to presentation for details)
Revenue Streams and Cost Structure
Yes, we earn from selling our courses. Please refer to presentation for unit economics. Our unit economics are positive and we are a profitable company.
Business Model, Chanells, Metrics
Earn from parents and pay teachers on contract basis
Competitors and Existing Alternatives
None really. Offline coding classes if all.
Advantages or differentiators
Great product & Great teachers with processes around the same. In the short run. In the long run it will our tutorBot, a virtual teacher.
Our core proposition is to disrupt the space of education by building what we call the "TutorBOT" . This is a virtual teacher that works in conjunction with a live teacher to offer learning that is extremely personalized as well as standardized. In the end state this is like a on-demand live teacher that is a BOT that can teacher the students (independently).
Risks
Lack of funding of our business
Incubation/Acceleration programs accomplishment
None
Won the competition and other awards
Selected as an "Elite 200 startup" at GSV cup, amongst participants across the world.
Presence of invention or patent
No
Money will be spent on
Building Technology (1mn) Product & Curriculum Development (0.3mn) Operational Expenses ( 0.2mn)
