Aas vidyalaya- An Edtech with highest funding in Shark Tank India!1 week ago Nethrikaa Greeshma
AAS stands for Anytime Anywhere School which was founded by Vikas Kakwani and Leela Kakwani, both are of 50 years and they belong to the financial capital of the nation – Mumbai. They are the founders of AAS Vidyalaya who have brought the school in your pockets. AAS Vidyalaya is an educational start-up that aims to take the school to those children who are not able to go to school. Its India’s online school platform that has been started for children of the age group 6 to 10 years. The best part is that the kids can download their free android app and start their educational journey on a smartphone. You can log on to their website, register your kids, choose an affiliated board, and start streaming on your laptop too.
AAS Vidyalaya addressed the problem and made a solution accordingly. They thought that if the students can not come to the school due to any reason, they can’t Aas Vidyalaya take the school to them? This led to the birth of AAS Vidyalaya. AAS has brought the whole school experience to a digital platform. They conduct regular tests, you can check your report card, they have qualified teachers, and all you have to do to start your learning journey with the app is to pay Rs 200 per month. It is India’s first online school with more than 1 lakh users!
They started with the BtoC Model, Then they realized that entering BtoC will require a lot of money and reach. In the second vertical they approached Corporates who has buildings in small village areas. At present they are having contracts with five companies. Corporates pay them to set up their cafe in their location. AAS Vidyalaya is valued at Rs 50 Crores. In the financial year of 2020-21 they have done revenue of 70 lakhs and this year the number has been increased to 150 Lakhs. Their projection is 5 crores respectively.
They had asked for Rs 1.5 crores for 3% equity, However, joining the husband-wife duo’s strong vision of making a huge difference in society, Sharks Peyush Bansal, Namita Thapar, and Ashneer Grover gave them an investment of Rs 1.5 crore for 15 percent equity, by far the highest deal on Shark Tank India. which is indeed a game-changer! Let’s wish them the best of luck!