Led by Dr. Raj Padhiyar, an EdTech start-up Digital Gurukul from Indore has acknowledged initial interest from group of investors to raise amount of $5 Million for a 10 per cent stake. The funds, as suggested by reports would be utilised across investment in building a global Online tech platform, programs & content facilities, marketing both offline and online, Franchisee Distribution, international expansion as well as the creation of 40+ offline Digital Gurukul Learning Centre for networking and engagement. This announcement comes near to the heels of Dr. Raj Padhiyar’s vision to expand Digital Gurukul into the Middle East and South East Asian markets.
Today is the time when Digital Gurukul is known for being largest player in the category with competition targeting students of over 6,000 by the end of March 2020. It has also begged Asia’s Best Digital Marketing Institute & 15+ International & national Awards. Its Founder Dr. Raj Padhiyar from Mumbai &the only Doctorate in Digital Marketing in our country is known as the Chief force behind Digital Gurukul. Till date It has received 120+ franchisee request across Asia.
The company had already ventured into the EdTech category in the year 2018 with the vision to disrupt the sector and give Students, entrepreneurs& working professionals who are in continuous need to master the demanded skills across Industry which is Digital Marketing.
Dr. Raj Padhiyar reportedly said on the behalf of his team that they believe the pace at which students, aspiring entrepreneurs and working professionals in India require the Next generation programs to survive as well as grow in the market, there is absolutely no choice but to rather view things exponentially. Keeping this fact in mind, they have decided to open the company to a 10 per cent dilution and attain a capital raise for them to expand the courses which has been offered. He also stated that they are ready to welcome even more investors group so that Digital Gurukul can be made Asia’s leading Edtech company.
Dr. Raj Padhiyar reportedly said in terms of the size and potential of the EdTech market that the Higher Ed world is not small but a massive 100 million students and this number has the core of approx. 70 million, who are working professionals & college students presently. According to him, they will definitely look forward to Digital Gurukul in the very near future. Since 10 per cent of them would prefer online learning, creating a $6 billion revenue opportunity in the next 5 years isn’t that tough and this is what Digital Gurukul plans to be. This could also have a one-third share which would lead to a potential of $2 billion revenue. Soon there will be specific opportunities for at least 2 million jobs each across AI, Data science,Machine Learning, Coding & Software Development. Hence, It’s here! the 4 million+ jobs!
Currently they are planning to launch the Online programs costing an average of Rs. 1-1.5 lakhs – the opportunity is about a whopping 70,000 crore.
In a short period of 3 years since it has been launched, this EdTech Major has been linked with reputed institutes like IIT Indore,IIM Indore, NMIMS, Welingkar Institute and many others and of course they also have offline engagement in all major colleges across India.
With 100% Placements, Internship & entrepreneurship record through customized courses and diploma in Digital Marketing, this EdTech platform claims to have trained 5850+ students till now