Shark Tank India has become a favourable platform for innovative ideas, not only in business but also in education. This stage has provided entrepreneurs with a platform to revolutionise the way Indians learn and grow. Therefore, this article explores the top 3 educational tools and service brands that secured funding on Shark Tank and redefined the growth opportunities for students of all ages.
1. Scholify: Providing Scholarships to Interactive Minds
Scholify, a grant platform featured on Shark Tank India Season 1 Episode 30, made an ask for ₹50 lakhs in exchange for a 7.5% stake in the organisation. As India’s leading grant platform, Scholify promised to facilitate access to scholarships for students.
In a developing nation like India, many students aspire to pursue higher education but face financial constraints. Scholarships therefore have become crucial, yet corruption hampers their accessibility.
2. AAS Vidyalaya: A Shark Tank Example of overcoming adversity
AAS Vidyalaya, translating to “Anytime Anywhere School,” disrupted the education sector on Shark Tank India (Season 1). Founded by Vikas and Leela Kakwani, it aimed to bring the school experience directly to students’ homes through online learning platforms.
During their pitch, the Kakwanis sought ₹1.5 crore for a 3% equity stake, which resonated with investors Peyush Bansal, Namita Thapar, and Ashneer Grover. Ultimately, AAS Vidyalaya secured ₹1.5 crore for a 15% equity stake, the highest investment in Shark Tank India Season 1. This funding facilitated expansion, teacher recruitment, and broader student outreach.
3. OLL: A Young Founder’s Big Dreams on Shark Tank India
Ed-Tech Startup OLL received Rs 30 lakhs in funding from Peyush Bansal, President of Lenskart, and Vineeta Singh, Chief of SUGAR Cosmetics. Led by a 18-year-old dropout Shreyaan Daga, OLL aimed to bridge the skills gap among Indian students. With a strong business model and a 200% year-on-year growth trajectory, OLL looked at reshaping (skill based) education system in India.
These ventures therefore represented a glimpse of the innovative solutions showcased on Shark Tank, that sparked a discussion about the future of education in the country.
Also Read: Is AI All Set To Wipe Out Jobs In India’s BPO Sector Initially? Here’s What Experts Have To Say
