Interval Doubles Revenue in One Year: EdTech Startup Sets Sights on Rupees 50 Crore Target
Malappuram: Interval, a leading provider of individual online tutoring, has achieved impressive financial growth in its short time as a company. Founded in 2018 by five passionate educators, Interval Learning Platform quickly became Kerala's leading online learning platform and established itself as the world's fastest-growing individual tuition provider as well.
Financial Highlights:
- Achieved a revenue of ₹8 crore in the 2022-23 financial year.
- Surpassed expectations in the current year (2023-24) with a revenue of ₹17 crore.
- Aim to reach ₹50 crore in revenue by the end of the current financial year.
Metrics Showcase Success:
- Monthly student admissions have grown significantly, reaching over 1,000 at the beginning of the current year. This consistent growth indicates a robust and reliable customer base.
- Monthly revenue milestones have increased from ₹2.5 crore to ₹2.75 crore, reflecting the company's expanding reach and efficiency.
Strategies for Growth:
Interval Learning Platform attributes its success to a focus on:
- Service Efficiency: Continuous service delivery improvement has increased student satisfaction and retention.
- Strategic Marketing: Effective marketing strategies have helped expand Interval's reach to a broader audience.
- Organisational Development: Investments in internal structure, new projects, and international expansion (offices in Dubai and a new headquarters) position the company for future growth.
Interval Learning Platform's impressive growth trajectory in a competitive EdTech domain demonstrates the effectiveness of its personalised approach to education. With ambitious goals and a well-defined strategy, It is poised for continued success in revitalising the EdTech industry and positively impacting education.
