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Edutech Company Seeking Loan in Kolkata, India

Company developing an e-learning platform for freshers and students to improve their employability prospects.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Edutech
Locations  Kolkata
Local Time 11:02 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 36 thousand for 12.0% annual interest, 4 years (Native Currency: INR 3,000,000)
Reason: The funds will be used to expand our team and speed up the software completion. Repayment can be ei... View More
Collateral Available: USD 0
Documents
Business Overview

- Company developing a platform to improve employability and skills of college students and freshers.

- Platform is being developed by a third party and will be launched within a few months.

- The founding team of the company saw a gap between the skills of freshers and the needs of corporates and thus began this venture.

- The company will deploy the platform with a team that will groom and mentor the students.

- Students will attend the course along with their college curriculum. Course duration will vary from 18 months to 4 years.

- The company is an MSME registered unit and was awarded the DIPP certificate from Startup India.

- Clients would be colleges from the technology domain.

- The colleges will be charged a monthly fee of INR 900 per student for a batch of 100 students.

- The fee can be reduced for a bigger batch and will be charged on either a monthly or semester basis.

- One of the promoters has 15 years of HR experience and another partner has 5 years of experience in the recruitment industry.

Products & Services Overview

Developing platform for grooming, mentoring, and skill development for freshers and students.

Assets Overview

No physical assets owned by the business.

Facilities Overview

Rental office of 500 sq. ft in Kolkata.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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