Mehta said targeting schools is the best way to improve the learning outcomes of children. The company plans to stay away from tuition and test prep.
Preparing for tough times is something Vedantu is used to by now, as it has seen boom and bust cycles in the past. But it survived, and went on to become a unicorn in 2021, and now competes with Byjus and Unacademy. Founded by Vamsi Krishna, Pulkit Jain, Anand Prakash, and Saurabh Saxena in 2014, Vedantu currently provides live coaching classes for K12 students, including for entrance exams such as IIT JEE Main and Advanced for engineering and NEET for medical colleges. It also provides classes for CBSE, ICSE and various state boards. In this interview with Moneycontrol's Chandra R Srikanth, the founders spoke about the slowdown in edtech post pandemic, tough calls that need to be taken and growth.
CoinSwitch, which helps retail investors invest in cryptocurrencies via an app, was founded in 2017 by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari as a global aggregator of cryptocurrency exchanges. Today, CoinSwitch lets users invest in dozens of other currencies. It became a unicorn in October last year when it raised over $260 million led by new investors Coinbase Ventures and top Silicon Valley fund Andreessen Horowitz. While cryptocurrency has had a tumultuous time in India because of uncertainty over regulation, it is gaining increasing traction as an investment avenue. Coinswitch's registered user base is 18 million, making it one of the largest crypto platforms in the country. The founders of Coinswitch spoke to Moneycontrol's Chandra R Srikanth about their journey, the early days, the volatility of crypto and their plans to become a full-fledged wealth-tech platform.
Harshil Mathur and Shashank Kumar – 2 widely respected founders of the startup world – met as students in IIT Roorkee. After graduating, Kumar, who was Mathur’s senior, floated the idea of the two starting something of their own at some point. A year and several rejections later, Razorpay kickstarted its journey with a seed funding of $9 million, led by leading investment firm Tiger Global. Today, the company enables payments and banking solutions for over 8 million businesses and has added a host of marquee investors to its captable. Razorpay’s valuation jumped from $1 billion to $7.5 billion in just 14 months and it is now the most valued among unlisted fintechs.
Welcome to the second episode of our brand new show, Bits to Billions: The Unicorn Story, where we take you through the journey of some of India’s most prominent and successful entrepreneurs. In this episode, online commerce firm Meesho’s founders Vidit Aatrey and Sanjeev Barnwal speak to Moneycontrol’s Chandra R Srikanth about Meesho’s journey from a social commerce channel to a mainstream e-commerce player, where a majority of its sale comes from direct channels, pitting it against Flipkart and Amazon