“India’s educational technology market is expected to grow rapidly at a CAGR of 39% to $10.4 billion by 2025.”
Everything you need to know about upcoming #IPO #VerandaLearningSolutions
A Thread 🧵👇
Retweet & help us educate the investor community 🙌
Everything you need to know about upcoming #IPO #VerandaLearningSolutions
A Thread 🧵👇
Retweet & help us educate the investor community 🙌
Veranda is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively "Students") professionals and corporate employees ("Learners") enrolled...
...with their courses through multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term up-skilling and re-skilling courses.
The company provides its services through four subsidiaries, Veranda Race Learning Solutions, Veranda XL Learning Solutions, Veranda IAS Learning Solutions, and Brain4ce Education Solutions.
Financial Overview - Veranda Learning Solutions Ltd. 👇
The fresh issue offer is worth Rs.200 crores worth equity shares. A Pre-IPO placement of undisclosed amount may also take place after consultation with BRLM which may reduce the issue size. Veranda made a second acquisition by acquiring Edureka for Rs.245 crores-December 2020...
Edureka, a live-instructor-led online solutions provider for the IT industry. Veranda had acquired Chennai Race Coaching Institute, a coaching institute for Banking, SSC and PSC exams.
The company has (i) 80+ Study Material books in 6 languages prepared by the Content Team for courses offered by Veranda Race, 20+ books prepared for the courses offered by Veranda CA in English and 18 books prepared for courses offered by Veranda IAS and...
(ii) 2,100+ hours of recorded video content for Veranda Race in 6 languages, 2,000+ hours of recorded video content for Veranda CA in English and 700+ hours of recorded video content for Veranda IAS in English.
During the 9 month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all their courses, being 16,793 in their offline models and 25,874 in their online model.
Shareholding Pattern - Veranda Learning Solutions Ltd. 👇
The company was incorporated as ‘Andromeda Edutech Private Limited’, on November 20, 2018. Kalpathi S. Aghoram, Kalpathi S. Ganesh and Kalpathi S. Suresh are the Promoters of the company and currently hold 36,097,400 Equity Shares (87.66%).
The net proceeds of the Fresh Issue are proposed to be utilised as 👇
Company’s Services:
1. Online Model:
Company’s tech-infused online learning model allows Students to engage in self-paced inclusive and individualised learning experience, without the need to be present in a physical classroom...
1. Online Model:
Company’s tech-infused online learning model allows Students to engage in self-paced inclusive and individualised learning experience, without the need to be present in a physical classroom...
The Students can access comprehensive study material through their website at 360.verandalearning.com or through their mobile application in the name of Veranda Learning, comprising integrated courses offered exclusively for their Students ("Online Platform").
2. Online Live Instructor led Service Model:
Currently, one of their subsidiaries, Edureka offers services or courses to working professionals in the IT sector, IT corporates and higher education students aspiring for IT jobs through online live instructor led service model.
Currently, one of their subsidiaries, Edureka offers services or courses to working professionals in the IT sector, IT corporates and higher education students aspiring for IT jobs through online live instructor led service model.
3. Offline Hybrid Model:
Veranda offers their services for specified courses in the offline model also, which is the typical and traditional way of in-person teaching in the classroom...
Veranda offers their services for specified courses in the offline model also, which is the typical and traditional way of in-person teaching in the classroom...
They have introduced appropriate technology in this model to create an offline hybrid and offline blended delivery model.
4. Offline Blended Model:
The offline blended model of offering services is a mix of online content and offline delivery, wherein the centre delivers LMS Study Materials together with traditional classroom experience of personal mentoring from Mentors, with a dedicated Mentor.
The offline blended model of offering services is a mix of online content and offline delivery, wherein the centre delivers LMS Study Materials together with traditional classroom experience of personal mentoring from Mentors, with a dedicated Mentor.
5. Campus in Campus Model:
Under this model, Veranda collaborates with educational institutions to provide coaching services where the teachers are trained by them and provide coaching services in the classroom of the educational institution...
Under this model, Veranda collaborates with educational institutions to provide coaching services where the teachers are trained by them and provide coaching services in the classroom of the educational institution...
The educational institution is equipped to provide their digital content through video lectures, books, regular tests and mock exams. This is offered by Veranda Race, Veranda CA and Veranda IAS vertical.
Strengths & Risks - Veranda Learning Solutions Ltd. 👇
@VerandaLearning @Tijori1 @MultipieSocial @KirtanShahCFP
@VerandaLearning @Tijori1 @MultipieSocial @KirtanShahCFP
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