EdTech platform BeyondSkool has reached annual recurring revenue of $1Mn within 6 months of its launch, the company said in a release today.
The platform, launched in January 2021, has conducted over 10,000 classes with 1,000 plus paying students since its inception. It's students are now based in more than six countries and 70 cities. The course completion rate for these students has been as high as 96%.
Speaking on the development, Payal Gaba, CEO and Founder, BeyondSkool, said, “The figures have further encouraged us for a fast scale-up towards reaching our ambitious goals.”
“We have an expansion plan in place, which is an aggressive distribution growth strategy across Supply, Geography & Channels...We are targeting an ARR of $25Mn within the next two years," she added.
In January, the platform had received its seed funding from Tomorrow Capital, which is an early-stage strategic investment fund focused on helping early-stage businesses with capital, access to blue-chip talent, industry networks, and other resources.
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