| Business Basics |
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| Company Name |
Edujini Labs |
| Founded in |
2006 |
| Headquartered in |
Bangalore |
| Company website/URL |
http://www.edujini-labs.com |
| Industry |
IT/ Internet/ Software |
| Stage of the company |
Have first customer |
| Source of idea |
Systematic search for business opportunity |
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| Business description |
The company currently has two prominent divisions: Corporate Training and Product Development. The current cash-cow is Corporate Training wherein the company has the revenues as mentioned.
The e-Learning product - Aksh - focusing heavily on Competency Management and Assessment was released in July 2008 with, as of August 2008, one prospect in the...> Read more.. |
The company currently has two prominent divisions: Corporate Training and Product Development. The current cash-cow is Corporate Training wherein the company has the revenues as mentioned.
The e-Learning product - Aksh - focusing heavily on Competency Management and Assessment was released in July 2008 with, as of August 2008, one prospect in the pipeline. It is implemented using Web 2.0 technologies.
The company intends to sell the product in B2B model (company wide deployments; license-per-deployment / AMC revenue) and in SaaS model (integrating with existing products; pay-per-use revenue). A detailed outline of the product / demo can be provided upon request.
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| How does the business make money? |
1. B2B Customers
2. Since the current company also focuses on training, we consume and showcase ourselves
3. SaaS Model Deployment (our own servers providing integration to existing products across companies, charged on the usage basis)
4. License components to other products, with SDK for developers to extend the existing application |
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| Team information |
- Gaurav Vaish, CTO
- Yashwanth C, COO
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| Competition |
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| Competitors |
- Saba, Blackboard, Moodle, Sakai, In-house product of the companies (Content Delivery)
- Saba, Blackboard, In-house product (Assessment and Competency Management)
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| How different is your product or service? It has... |
Substitutes that differ in function |
| In what way is your product or service different? |
As mentioned earlier, even though the products exists, they do not fulfill the requirements. If at all the requests are made for such feature addit...> Read more.. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
0-5 |
16-25 |
| No. of locations |
0-1 |
0-1 |
| No. of customers |
2-5 |
16-50 |
| Turnover |
11-50 lacs |
51 lacs-1 crore |
| Profits |
6 to 15 lacs |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Personal savings |
| Raised institutional capital? |
No |
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| Why is this startup hot? |
The start up is hot because:
1) It already has revenues from one of its business units.
2) The product from the company is already in production. Whats more, the features have not been thought about in labs or during honeymoon, but directly from the prospects.
3) The company already has a prospect for first sale.
4) Revenu...> Read more.. |
The start up is hot because:
1) It already has revenues from one of its business units.
2) The product from the company is already in production. Whats more, the features have not been thought about in labs or during honeymoon, but directly from the prospects.
3) The company already has a prospect for first sale.
4) Revenue model well thought about, direct sales as well as services, content creation, analytic research etc.
5) Team well motivated.
6) Team led by professionals who have experience working with established companies (20 yrs of history) as well as start ups (1-2 yrs) and hence understand the pros and cons in various aspects.
7) Already has a strong client list (30 and counting) from one of its business units with strong customer relationship. The first line of sales comes from existing customers, ensuring smooth deployment/payments and sincere feedback
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| What keeps the team awake at night? |
1) Passion to excel
2) Feedback on the previous beta-version from prospects and clients on the features
3) "To be faster than the fastest" since we are young
4) Debate/Discussions over numerous issues ranging from feature-set to implementation to revenues to growth |
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