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Competishun aims to help make IIT-JEE, NEET prep affordable, more accessible
Entrackr
·
1y ago
Medial
Edtech space in India is already quite cluttered with a number of startups, including several unicorns, trying to carve out their own piece of the digital classroom pie. The Indian edtech market reported a total revenue of $4.3 billion in 2022, marking a CAGR of 16.8% since 2017, according to a market study. Even as some late-stage edtech firms faced challenges post-pandemic, others like PhysicsWallah have shown promise. VCs too remain optimistic about early-stage firms. One such early-stage firm is Competishun, which competes with platforms like Vedantu and Unacademy, but with an exclusive focus on IIT-JEE and NEET prep. We spoke to the founder and CEO of Competishun Mohit Kumar Tyagi, what distinguishes it from the competition and the roadmap ahead. Here are the edited excerpts: How did you come up with the idea of Competishun? The idea for Competishun emerged from a vision to transform IIT-JEE and NEET coaching methodology by offering comprehensive and effective preparation methods to students across India. We recognized the need for accessible, high-quality training at affordable cost that could level the playing field for all students, irrespective of their financial backgrounds. Please explain how the platform works? Competishun’s platform functions by providing structured online and offlinecourses, study materials, and books for JEE (Main + Advanced) and NEET(UG) preparation. We aim to create a comfortable learning environment for students through online education at an affordable cost. Our platform offers customized online batches based on students’ needs and performance, with doubt-solving counters and 24/7 support via WhatsApp and phone. Additionally, we provide personalized attention to enrolled students through Telegram doubt sessions and live Zoom sessions, ensuring their academic success. What are the key challenges in the industry that have not been addressed yet? And how do you plan to address them? One significant challenge in the industry is the lack of personalized learning experiences and the underutilization of technology. Competishun addresses this by offering adaptive learning algorithms, personalized study plans, and utilizing cutting-edge technology to enhance the learning experience. We strive to provide cost-effective, quality education to all JEE and NEET aspirants at the comfort of their homes, dispelling the myth that online education cannot yield results. Moreover, we aim to counter unethical practices by competitors in the online space, thereby instilling confidence in parents and students regarding online learning. How has your startup performed since inception? What are your short-term and long-term goals? Since its inception, Competishun has witnessed significant growth in terms of user enrollment, JEE Main and Advanced results, course completion rates, and positive feedback from students and educators. We take pride in having assisted thousands of students in achieving their academic goals. In the short term, our goals include expanding our course offerings, enhancing platform features, and strengthening our market presence. In the long term, we envision establishing hybrid study centers across the nation, thereby providing a blended learning experience to students.
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Related News
Arihant Academy acquires majority stake in coaching institute
VCCircle
·
9m ago
Medial
Arihant Academy, a publicly listed company, has announced its acquisition of a 51% stake in coaching institute Zen Educational and Learning (ZEAL) for a valuation of ₹17 crore. The acquisition aims to expand Arihant Academy's academic offerings and student reach in the metropolitan region of Mumbai. ZEAL, founded in 2016, provides foundation courses and coaching for IIT-JEE and NEET exams. The transaction will be completed in two tranches by October 2025.
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How BASIC Home Loan Is Revolutionising Affordable Housing Finance By Helping 22 Lakh+ Customers
Inc42
·
1y ago
Medial
BASIC Home Loan is a fintech startup that aims to make home loans more accessible and affordable in the affordable housing sector. They have developed a proprietary technology platform that matches lenders and borrowers quickly and accurately. The platform also provides training to a network of direct-selling agents, combining digital efficiencies with in-person assistance. This helps streamline the home loan application process and make it more efficient for borrowers in need of affordable housing.
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PhysicsWallah is eyeing buys to up UPSC test-prep business
Economic Times
·
3m ago
Medial
PhysicsWallah, an edtech firm, is exploring acquisitions to boost its presence in the UPSC test preparation segment. The company is considering assets like Chaitanya Academy and Drishti IAS for potential acquisition, using funds from its $210 million round led by Hornbill Capital and Lightspeed. Originally focused on JEE and NEET exams, PhysicsWallah aims to expand into new regions and test segments. It plans to raise more capital through an IPO while continuing its profitable growth trajectory.
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CASHe Forays Into EV Financing Business With CASHe Green
Inc42
·
1y ago
Medial
AI-led fintech startup CASHe has launched a program called CASHe Green, offering tailor-made financial solutions for electric two-wheelers (e2Ws). The scheme provides users with a user-friendly digital finance solution, with affordable interest rates of less than 1% per month and EMIs spread over 20 months. It also includes an exchange option for consumers to swap their existing combustion engine two-wheelers for e2Ws. CASHe aims to make electric vehicle financing more accessible and help drive wider adoption of zero-emission technologies.
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OpenAI plans major updates to lure developers with lower costs
Economic Times
·
1y ago
Medial
OpenAI is planning to release major updates to its artificial intelligence platform in an effort to attract more developers and offer more affordable access. The updates will include new offerings for developers, enhancements to existing tools, and potentially lower pricing options. OpenAI aims to make its AI platform more user-friendly and accessible to a wider audience, promoting innovation and development in the field of artificial intelligence.
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PhysicsWallah launches Rs 250 Cr Scholarship Fund for JEE/NEET aspirants
Entrackr
·
1y ago
Medial
Edtech firm PhysicsWallah (PW) has announced a scholarship fund of Rs 250 crore through its third edition of the NSAT (National Scholarship Common Admission Test) 2024. This initiative aims to help students aspiring to excel in NEET-UG and IIT-JEE exams by providing top-quality education and expert guidance, regardless of their financial situation. The NSAT exam will be held online from October 1 to October 15, 2024; and offline on October 6 and October 13, 2024 at selected centers. The registration for the NSAT 2024 program has officially begun, inviting students from Class VI to XII, including those in PCM and PCB groups. According to PW, the top 1,000 students who excel in these exams will receive a 100% scholarship, including accommodation. Among these, special consideration will be given to the top 500 underprivileged students. Co-founded in 2020 by Alakh Pandey and Prateek Maheshwari, PW offers education at scale across India through online, offline, and hybrid platforms. Its offerings span various educational segments, including schools, test preparation in more than 43 categories, a skilling vertical, higher education, and study abroad (AcadFly). PW has raised $100 million in funding from investors like Westbridge and GSV Ventures.
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PW founder Alakh Pandey waives off fee worth RS 17 crore for 51,000 students
IndianStartupNews
·
1y ago
Medial
Physics Wallah, the edtech unicorn, has waived off fees worth Rs 17 crore for 51,000 underprivileged students for the academic year 2023-24. This initiative is part of the company's Right to Education program, which aims to support economically weaker students by covering various courses such as NEET, JEE, commerce, arts, and standard 9-12 coaching. The fee waivers are designed to ensure that financial constraints do not hinder students' right to education.
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Chrome's New Right-Click for AI Tool Will Fill the Web With Robot Writing
Gizmodo
·
1y ago
Medial
Google has introduced a new feature in its Google Chrome browser called "Help Me Write," which leverages AI technology to assist users in writing content. With a simple right-click in any text box, users can generate suggestions and fill it with words suggested by a chatbot. This feature aims to make AI technology more accessible for everyday tasks, helping users write more confidently and enhance the quality of their published content. Initially available only on Mac and Windows PCs in English, Google's Help Me Write is part of the company's efforts to make AI more user-friendly and approachable.
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Mock Test Platform 'TestEgy' Acquired by Zordo
StartupTalky
·
7d ago
Medial
Zordo Technologies has acquired TestEgy, a rapidly growing Indian online mock test platform, as part of its strategic entry into the ed-tech market. TestEgy, founded in 2023, provides real-exam simulations and serves over 1.5 million users preparing for competitive exams like SSC, Banking, NEET, JEE, and UPSC. Zordo plans to enhance the platform with AI-based features, multilingual content, and improved user interfaces, aiming to compete with major ed-tech players and offer a more robust exam preparation experience.
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Allen Career Institute posts Rs 429 Cr PAT in FY23
Entrackr
·
1y ago
Medial
Allen Career Institute, known for its IIT JEE and medical entrance exam coaching, reported impressive financials for its first fiscal year of operations as a new entity after raising $600 million in funding. The institute's revenue from operations for the fiscal year ending in March 2023 reached Rs 2,277 crore. Its profitability, brand strength, and ability to adapt to changes in the education sector make it a strong player despite disruptions from newer entrants and changing market dynamics.
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