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uFaber, among handful of profitable, bootstrapped Indian edtech start-ups boasting Rs. 100 crore+ revenue run rate, today announced (arguably, a first of its kind initiative by any Indian edtech start-up to support early stage and struggling to scale start-ups in the larger edtech space. It has set aside Rs. 10 crore from its internal accruals for the same.
Besides financial, infrastructure and operational support, uFaber which will provide access to its network, customer pool and related assets for the chosen start-ups. The fast growing bootstrapped venture has over 2 lakh annual student enrolments, 500+ school and university partners across India, and 3000+ all women army of work from home trainers and a revenue run rate of Rs.100 crore.
Announcing the initiative, Rohit Jain, Co-founder & CEO, uFaber, said, “The current euphoria around unicorns which Edtech has many to its credit, hides a harsh reality. There are dozens of early stage plays in our space who are struggling with product-market fit, go-to-market, scaling and host of other challenges. Most of them are falling between the edges and out of the purview of the VC and investment ecosystem due to the understandable focus on the visible and already scaled one. It’s unfortunate because their success or scaling will positively impact the Edtech and the education space overall. Having successfully exited our previous venture and bootstrapping uFaber into a 100 crore revenue run rate, we have inside knowledge of what it takes and what needs to be done from a focus and operational perspective. We are open to all options besides support – acqui-hire, acquisition to strategic investment, etc. We have currently identified and speaking to 2-3 start-ups.”
Announcing the initiative, Rohit Jain, Co-founder & CEO, uFaber, said, “The current euphoria around unicorns which Edtech has many to its credit, hides a harsh reality. There are dozens of early stage plays in our space who are struggling with product-market fit, go-to-market, scaling and host of other challenges. Most of them are falling between the edges and out of the purview of the VC and investment ecosystem due to the understandable focus on the visible and already scaled one. It’s unfortunate because their success or scaling will positively impact the Edtech and the education space overall. Having successfully exited our previous venture and bootstrapping uFaber into a 100 crore revenue run rate, we have inside knowledge of what it takes and what needs to be done from a focus and operational perspective. We are open to all options besides support – acqui-hire, acquisition to strategic investment, etc. We have currently identified and speaking to 2-3 start-ups.”
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| Rohit Jain |
"Being passionate about the education space and how it needs to go beyond the curriculum, we are actively seeking ways in which to contribute. This initiative is borne out of that desire. Having said that, as we look to grow, we may not be able to build or understand many new segments/technologies. We are looking to some of the start-ups we end up investing, partnering or acquiring to fill that gap for us," he further added.
About uFaber: Founded in 2015, by two IIT-Mumbai engineers who between them had 25 years of edtech experience by then, uFaber is India’s only bootstrapped and profitable edtech venture to have achieved revenues of Rs. 35 crore (for FY 2020-2021) boasting of 1 million learners and 60000+ subscribers. It offers hyper-personalised learning solutions for those aged 7 to adults. uFaber’s mission is to create a utopian education ecosystem, by breaking rigid walls of timetable and classroom, placing the student in the centre of it, powered by “passionate teachers”. It’s team right from the founders, to counsellors and mentors are driven by the common purpose of creating and sustaining a culture of learning/growth.
uFaber has an all women working from home panel of eMaester trainers, who are self-driven and want to make a positive impact in their learner's lives. It’s a market leader in the IELTS coaching space, has a growing footprint in the UPSC, Real School in K-12 segment, and a high growth offering for early career professionals and final year students called Fluent Life among others.
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