Startup Idea and Innovation of Teachoo
Teachoo [1] is an India-based learning platform where any user can start their journey to learn about anything. It covers various subjects in different levels such as English, Maths, Goods and Services Tax, different types of Taxes and Taxation, Excel, Accounting, and Tally GST software.
The main goal of Teachoo is to bring learning closer to learners, instead of the classroom and auditorium setting that most students are used to. It is built to become the site people go to learn about any subject or to teach them at different levels, from basic to advanced stages.
Interested individuals can register with the website to start learning. Meanwhile, those who want to share their knowledge can visit the Teach Others page. They can post their lessons by logging into their account.
Startup Timeline and History of Teachoo
- 2014 – Brothers Davneet and Maninder Singh founded Teachoo [2]
- 2021 – The website’s traffic reached an all-time high in October of this year [3]
- 2022 – The company reached its highest number of employers, estimated at six
Founder and Key People
- Davneet Singh
Davneet Sing is a co-founder and chief executive officer of Teachoo [4]. He is the head of the Product, Technical, and Marketing teams at the company, making him one of the biggest contributors to its growth.
As lead technical staff, he was able to grow the platform’s users from zero to 1.8 million per month. He also helped increase the number of downloads for the Teachoo app up to 120,000 installs on Android and iOS devices.
He also led marketing campaigns for the platform, while also contributing more than 10,000 pages on Maths and Science sections, including over 250 hours of video content.
His experience includes working as a summer trainee at SMC Group, then later on founding Teachoo in 2014. Before this, he earned his degree in Civil Engineering from the Indian Institute of Technology in Kanpur. He also has an AWS Edstart certification.
- Maninder Singh
Maninder Singh is a co-founder of Teachoo. He worked as a Chartered Accountant [5] for some time until he switched gears and decided to become a teacher. He pursued his goal of teaching through Teachoo with the help of his brother Davneet.
His desire to teach started when he realized that the classroom or auditorium setting along with 500 students does not provide an effective learning environment.
Funding Sources and Financial Profile
The company was established through the efforts of the Singh brothers, with significant contributions from each. It currently has six employees. There are no data available as to whether the company received funding from investors.
The platform has 39 total active products with monthly visits of 2,504,660. It has a record of 3.19% monthly visit growth. Its business model involves enrollment fees for classes, which is likely to be the primary source of income for the company.
Major Competitors
- GSX Techedu – https://ir.gaotu.cn/
- Savvas Learning – https://www.savvas.com/
- Lexia Learning – https://www.lexialearning.com/
- Achieve3000 – https://www.achieve3000.com/
References:
[2] https://www.linkedin.com/in/davneetsingh/
[4] https://www.linkedin.com/in/davneetsingh/
[5] https://www.teachoo.com/about-us/
[6] https://www.crunchbase.com/organization/teachoo/technology
