Business Category: Education Marketplace
Founding Year: 2012
Startup Stage: Revenue Generation
Support Required: Mentoring
Structure of the Company: PVT Ltd.
Website: https://www.myprivatetutor.com/
Executive Summary: MyPrivateTutor is an online platform with a powerful search engine with comprehensive tutor listings. They are one of the first global platforms in the worldwide tutoring market which is estimated to be at $120 bn. In today’s world where there are no reliable and transparent mechanisms for learners to find great teachers and classes, MyPrivateTutor came up with a platform which makes it easy to find great teachers. Learners on this platform can communicate with tutors via phone, email, Whatsapp, or using their messaging and video conferencing platform. MyPrivateTutor has strong traction in India, Malaysia and UAE with over 600 tuition requests posted per day, 400,000+ registered a users and about 17-18 lakhs (INR) in monthly net revenues
Customers/Users: Students, Tutors, Institutes
Revenue Model: It is a two-sided marketplace in which revenue is earned through premium listing fees and lead purchases by tutors and tutorial centers.
Current traction: Web & app traffic of 500k+ per month Cash-flow positive