TutorVista, the firm that has pioneered online tutoring to students in the West from India, is coming home. It is now rolling out a major Indian business plan for which it will raise $15 million, virtually the same as the $15.25 million which it had raised earlier for its global rollout from the likes of Sequoia Capital.
The funds to be raised will enable three initiatives: ramp up Edurite, the learning content firm TutorVista acquired in November; launch a network of technology-led brick and mortar learning centres across the country; and offer an integrated learning platform, much like what it is delivering to students in the west.
The student will not see the tutor but speak to him and hear him through a headset, and the two will use a computer screen whiteboard, half used and written upon by the student and the other half by the teacher. The rates have not been frozen yet but Indian students are likely to be charged Rs 25,000-40,000 per year, for eight hours of coaching a week.
TutorVista which began 26 months ago now has 10,000 registered students and 850 employees who include 600 teachers operating from 23 Indian cities.About 90 per cent of the students are in the US, 500 are in Korea learning English and the rest are in the UK.
Read more in The Business Standard article.
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