Kitbag Tech Pvt Ltd's Profile
Kitbag Tech Pvt Ltd
Business Category: Education
Startup Stage: Revenue Generation
Structure of the Company: PVT Ltd.
Business Overview
Executive Summary: Kitbag is an edtech company that serves both students and teachers through technology & content offerings including live class platform, online tests, other content products, etc. Kitbag owns the "LivoLearn.com" platform and teacher products & services under the TestKit umbrella.
Market need: Star Teachers (popular and well-known) are concentrated in Tier I and II towns. To study from them, EWS students and those from Tier III and IV are typically required to move to another city, stay in a hostel and pay high fees to study in a large batch (as high as 1200 students in a single classroom). This is inconvenient and expensive. Star Teachers themselves lag in technology adoption. Therefore, they are not able to successfully transition to online teaching and well-funded education technology companies are stealing a march over them.
Product/Service description: We have developed and maintain “LivoLearn” - a Live Class Streaming platform that allows students to attend live classes of star teachers. We also provide all value-added services (practice tests, books, class sheets, etc) that are required for studies. We have also developed “TestKit” - a complete kit for teachers of physical classes. This includes everything that a physical academy may need for its offline students - an online test platform (Web and Android based), books, academy management software, class sheets, etc.). Online test platform has over 70,000 questions in both Hindi & English. Books are bilingual too. So far, the focus has been on serving the government jobs market. TestKit is moving towards other markets too – including IIT-JEE, Management entrance, Undergrad entrance, Campus recruitment, etc. Also, we are developing innovative products that will directly enhance the learning outcomes of the students.
Customers/Users: TestKit customers: All academies engaged in testprep of above examinations LivoLearn customers: Students preparing for above examinations.
Revenue Model: For LivoLearn, we keep a share of fees for the live classes and disburse the rest to teacher. For TestKit, we are charging teachers for the services we offer to their offline students.
Current traction: TestKit has 68 academies as customers LivoLearn live class streaming platform is operational since May 2019 and has already seen hundreds of unique student purchases.
Promoters' Information
Gagan Girotra
PGDM (IIM Calcutta)
Gagan Girotra
Academic Qualifications: B. Arch. (IIT Roorkee)
Professional Qualifications: PGDM (IIM Calcutta)
Past Experiences: A. IT development of 3 years at TCS B. I-Banking, Corporate Banking and Risk at DBS Bank (winner: Chariman’s Award 2011) C. Education & Training Experience i. After DBS, Gagan pursued his passion for training and teaching and founded PRXA testprep where he delivered over 1000 hours of testprep classes ranging from Quantitative Aptitude, Logical Reasoning, Interview preparation ii. He also successfully delivered full courses on ‘Mergers, Acquisitions and Corporate Restructurings’ (MACR), ‘International Finance’ and ‘Managerial Accounting’ (MAcc) for full-time & executive MBA classes at IMT Ghaziabad and DTU (formerly DCE) iii. Gagan has delivered corporate trainings on ‘Leadership’ and ‘Customer Service’ at Allianz Worldwide Partners - all of them receiving great student feedback. D. Leadership experience: i. Placement Representative at IIM Calcutta ii. Part of Management Associate Programme at DBS iii. Founder and CEO of KitBag Tech Pvt Ltd
Anurag Kumar Rai
MBA (Sikkim Manipal University)
Anurag Kumar Rai
Academic Qualifications: BBA (Sikkim Manipal University)
Professional Qualifications: MBA (Sikkim Manipal University)
Past Experiences: Anurag joined with Gagan in 2013 to launch PRXA - a testprep organization. Before that he worked with IMS (test prep company) in Sales.
.png)