Indore headquartered Mschools , one of the more
interesting startups we’ve come across in recent times, will roll out its
search and recommendation platform for Schools and Colleges in 6 cities over
the next 3-5 months, starting with Hyderabad. The Hyderabad roll-out is
expected in a month and the company currently has a team in the field putting
the final touches to its data collection and Schools on boarding activities.
Alongside,
the company has started opening out revenue channels which include subscription
based services for Schools and Colleges.
The 6
city roll-out will see the company invest around Rs 50 lakh ($88,000), which
will be generated out of its internal resources. “We would like to raise
external institutional capital at some stage, but we’d like to first build some
scale and establish sustainable revenue channels,” Mschools founder and CEO
Saket Dandotia, who founded the company in 2014 under the Parent company called
Linkites Infotech Pvt. Ltd.
Since
its launch, starting with the Hyderabad market, Mschools has signed on 3 big
Schools in Hyderabad and has 5,000 Students registered on its platform. Based
on parents feedback, it recently added Schools to its platform and are going
to sign on 60 in Hyderabad , Pune and
Mumabi in coming 2-3 months. The
majority of parents are from Co-operate and Service Sector who don’t have
enough time to visit schools regularly and know the updates of their childs.
The
service is free for parents or users, who can select their child’s School login
in the app , know about their Childs Attendance , Alerts , Holiday , Fee Due’s
, Upcoming exams and events , Timetable , Results , Teacher message , Feedback
, Ask your child etc.
How
it plans to make money
Dandotia
would have liked to first roll out the platform across the country and
establish critical mass in terms of users before exploring revenue channels.
“The
solution (on revenue streams) came from the Education Sector after doing lots
of research both primary and Secondary from both parents and Education
Institutes and bring out the solution to narrow down the gap between both of
them.
Mschools
now offers Schools a subscription based service whereby it builds and hosts an
online profile for the Schools on its platform both on Web and Mobile
application giving them the access of CMS where they can manage their data and
can send the notification to the respective parents. The Subscription includes
CMS ( Web based ) , Database integration , Mobile application on ( iPhone ,
Android , iPad , Tablets , Kindle and Window apps) where web is for the Schools
Content Management System where as the Mobile apps are for the Parents to have
a virtual Schools on their smart phones. Schools offer two potential revenue
streams for the company. In addition, unlike Schools and Colleges, Home Tutors are
allowed to advertise and the companies sees revenues coming in from advertising
by Schools ,Colleges over time.
Mschools have
recently participated in NASSCOM PRODUCT CONCLAVE and received a huge response
from the Investors, Seed Funders , Mergers but Mr. Dandotia will first would
like to raise external institutional capital at some stage, but we’d like to
first build some scale and establish sustainable revenue channels
Contact Us -
Email - enquiry@mschools.co.in, info@linkites.com
Phone - +91-731-2401952
Skype - mschools, linkites
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