This story aims at Startup- AAS Vidyalaya, which recently made its space the famous Business TV Reality Show- Shark Tank India. aas vidyalaya shark tank, aas vidyalaya app, aas vidyalaya app download, aas vidyalaya youtube, aas vidyalaya shark tank India, shark tank india episode 20, shark tank India judges name and shark tank india trp.
The above was meta so please skip to the next paragraph and you can have a glimpse towards the table of contents.
Introduction to the Pitch | AAS VIDYALAYA | SHARK TANK INDIA
This startup has a vision of making 100% of people have a qualification of 10Th Pass. they started their pitch in which they described how children in small villages are unable to go to school. Parents don’t send their girls to schools as they don’t have a school nearby and ask them to learn the household work which will help them in future. Fathers ells their sons to join them in their fields so that they can also learn the work as that’s what their future is.
There is a total of 8 lakh primary schools in our country and only 4 lakh middle schools and one and a half lakh secondary schools. You might be surprised after reading this but the attendance in secondary schools is only 50%. Out of 100 students, only 30 pass the 10th standard.
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Who are the founders of this startup?
Vikas Kakawani and Leena Kakwani, both are of 50 years and they belong to the financial capital of the nation – Mumbai. They are the founders of AAS Vidyalaya. They have brought the school in your pockets.
What is AAS Vidyalaya | Shark Tank India?
AAS Vidyalaya addressed this problem and made a solution to this. They thought that if these students can not come to the school then can’t Aas Vidyalaya take the school to them? This led to the birth of AAS Vidyalaya
AAS Vidyalaya is anytime anywhere school. This is just like a real school. In their app, they have all the classes of all the subjects based on the syllabus. Students can take tests after every chapter, Report Cards are available and the parent-teachers meeting is just like a real school. They follow all the NCERT Guidelines according to which they also take 200 classes
What is AAS Vidyalaya Education Cafe?
When the phones were not existing then we use to go to STDs and PCOs. When we were not having internet then we go to cybercafes and with the same thought, AAS Vidyalaya Education Cafe came into existence.
They have installed Tabs in their education cafes which only AAS VIdyalaya’s classes happen. Students around the villages come to this cafe whenever they get time. AAS Vidyalaya is taking the school to every home because one of those kids may turn out to be the next Kalpana Chawla or Abdul Kalam.
AAS Vidyalaya | Funding, Ask, Valuation and Revenue | Shark Tank India
What is their ask for funding from Investors?
They have asked 1.5 Crore in exchange for 3% Equity.
Valuation of AAS Vidyalya
AAS Vidyalaya is valued at Rs 50 Crores.
Revenue of AAS Vidyalaya.
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.
Sharks ask AAS Vidyalaya | QnA | Shark Tank India
What is the Business Model of AAS Vidyalaya?
They have started with the B TO C Model, Then they realized that to enter B to C they will require a lot of money and reach.
In the second vertical they approached Corporates who has buildings in small villages areas. At present they are having contracts with five companies. Corporates pay them to set up their cafe in their location.
What is the background of both of Founders of AAS Vidyalaya?
Vikas Kakawani was born and brought up in Meerut which is an old city. His parents were not educated and his father run a small business. He enrolled Vikas in a convent school for 13 Years and his father never visited school because he did not know how to speak English. He did engineering from IIT Roorkee and went to IIM Lucknow then he served in Corporate.
Leela Kakawani was also born and brought up in small-town- Kanpur. She has done child psychology and they are blessed with one son.
Online Schools in India?
No, AAS Vidyalaya is the first one to run an online school in India.
When you divide India into four parts LI, L2, L3, AND L4. The majority of Indian Edtech was focusing on the top5% and the Government focuses on L4 which is the bottom 50% because we want to make everyone literate for which primary education is good enough.
Now the remaining 45% population of India in the middle, earns 30,000 Rs a month but the problem comes here as the schools are not near them or the teachers are not available. They decided to start with NCERT- English medium curriculum. They focus on classes 6 to 10 only.
When did AAS Vidyalaya was started?
They started this online ed-tech school in 2017, It’s been four years.
Who are the Investors and How much investment was made in AAS Vidyalaya?
Vikas and his friends have infused around 1.5 Crore in this business and they have received 50 Lakhs as seed fund from NIDHI.
What is AAS Vidyalaya’s equity split?
NIDHI has got 7% Equity, Friends have 23% Equity and he himself and other director hold 70% Equity.
Ashneer and Vikas’s Conversation
Ashneer Grover” I am scared of IIT and IIM guys as he himself went to IIM and IIT too. If you are feeling comfortable to fall then sometimes you enjoy the fall. If you fail in something then you still have a job that pays a couple of crores. I want to understand your motivation”.
Vikas Kakawani ” As far as Going back to the job is concerned that he has burned all of his boats.”
Now, this is only left to do as he has exhausted all of his PF. Instead of receiving the salary, he is giving it to employees. It’s tough for him and that is the difference.
Sharks investing in AAS Vidyalaya | Shark Tank India
Aman Gupta
The edtech companies like Byjus, Upgrad, and unacademy are targeting the top 5% of the Indian Population. Maybe they are not targeting your niche as they feel that they can not make enough money from there. I have not understood the business model as this business model is financially stability wise. I am out for now.
Anupam Mittal
He feels that the enthusiasm and purpose are great and they should pursue the same but for taking it at heights they need funding not through private but more and more through C.S.R. and more grants. I can not give you private funding so I am out.
Peyush Bansal, Namita Thapar, and Ashneer Grover
You are doing work to remove a problem and the clarity of your purpose is very great. Secondly, you are focusing on a market that is currently not focused on by anyone else. This market is not exciting but this is necessary.
Peyush and Ashneer will help AAS Vidyalaya in terms of removing the technology barrier. Namita Thapar has an edtech background so she will help them in the same.
Their offer is to give them 1.5 Crore in exchange for 15% Equity.
Where the deal got closed | Funding given to AAS Vidyalaya | Shark Tank India
AAS Vidyalaya accepted their offer and the deal closed at 1.5 Crores for 15% Equity. You might be surprised to know that this is the biggest ever funding made in Shark Tank India.
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