From 1 lakh to 3 million users and valuation of Rs 1,250 cr in 3 years: How this startup has done it – India TV News

India has a fast-growing startup ecosystem, thanks to the young talents and policies that are in place. Their stories and journey from scratch to becoming unicorns are inspiring and encouraging. In 2022, India has the third largest start-up ecosystem in the world with over 65,000 recognised ventures. During the Covid-induced lockdown, several startups rose to fame with their disruptive business ideas and with the right use of technology, startups today are raking in millions of dollars in funding and witnessing a massive surge in valuation. One among them is Catalyst. It is an ed-tech platform that has grown by leaps and marked its presence felt in the industry in a very short period. 
ALSO READ: B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn
Established in 2017 by Akhand Swaroop, who worked as an Indian Engineering Services (IES) Officer, the journey of Catalyst has been very interesting. Today, the company's valuation stands at Rs 1250 crore. It has also seen a massive rise in the userbase from 1 lakh to 3 million in just 3 years, all credit to the business brain behind Catalyst. The Jaipur-based startup was set up with the purpose to provide easy access to education to all sections of students. Run by a batter of experts ranging from civil servants, senior professors, authors, senior professionals, the objective is to make education available to everyone and to guide aspirants in a smart way so that they can achieve their goals and fulfill their dreams with quality preparation.
ALSO READ: Reliance India's best employer; in top 20 worldwide: Forbes
According to Akhand, he started Catalyst to mentor aspirants of civil engineering, IES, GATE and many more government examinations. He said that students struggle when they appear in government exams or any other as they don't get proper guidance and relevant study material. The lack of guidance urged him to intervene and do something.
Speaking about the business model, Akhand said he started with 100 students in 2017 and in a few months the strength increased to 1000. It was then he started charging a small fee to keep the business running. With the quality materials reaching students, the user base grew to 1 lakh paid users. 
“Between 2019 to 2022, the number of students reached from 1 lakh to 3 million with a valuation of Rs 1250 crore,” he said.

Catalyst's business model caught the attention of many multinationals and fund raising groups. With the changing times and the right use of technology, Catalyst introduced required changes at regular intervals in its business and reached out to the students to understand their needs which helped it to cement its position in the highly competitive market. 
ALSO READ: Twitter India lays off employees from marketing, communication departments: Report
On the revenue model, he said that the faculties with over 30 years of experience and affordable fee structure provide high quality courses and reach the core and root areas of the country i.e Tier-1 and tier-2 cities. 
“There are three things that separate Catalyst from others – quality; experienced faculties and affordable fee structure. Today students find it difficult to get all three things together as a combined package and his what makes Catalyst different from others,” he said.
Latest Business News
Top News
UP: Husband kills wife, chops body into pieces, dumps them into field
Priyanka Chopra’s daughter’s photo melts hearts; fans debate if she resembles actress or Nick Jonas
Cristiano Ronaldo officially leaves Manchester United
Carrot Cake Recipe: Refresh your mood with this easy-to-make cake at home
Naga Chaitanya’s fans demand ‘NC22’ first look; flood social media with sweet birthday wishes
Nykaa chief financial officer Arvind Agarwal quits
Instagram, Facebook now have new privacy updates for teens: Check latest upgrade by Meta
Latest News
Opinion | Bribes for tickets, massage of minister by rapist in jail: Kejriwal must explain
ECB: Luke Wright set for new innings after retirement; to take over duties as men’s selector
Salman Khan’s niece Alizeh Agnihotri to make her Bollywood debut with Soumendra Padhi’s next | DEETS
Manchester United Sale: PL club up for sale as chaos continues at Old Trafford after Ronaldo saga
© 2009-2022 Independent News Service. All rights reserved.  
Shraddha murder case: Police likely to seek extension of Aaftab’s custody; key evidence yet to found
IndiaTV Podcast | Subah Ki Chai aur Khabrein | November 20, 2022
Super 100: Top 100 News Of The Day | News in Hindi LIVE |Top 100 News| November 22, 2022
Gujarat elections: PM Modi continues his campaign on Day 2, addresses public rally in Veraval
Aaj Ka Rashifal LIVE: Shubh Muhurat, Horoscope| Bhavishyavani with Acharya Indu Prakash Nov 22, 2022
UP: Husband kills wife, chops body into pieces, dumps them into field
Shraddha feared Aftab would chop her to death two years ago, claim police | EXCLUSIVE
Satyendar Jain viral video: Latest CCTV footage shows jailed AAP minister getting proper food
Telangana TRS MLA fumes, grabs official’s collar during event in Gadwal | WATCH
‘Silence of Constitution being exploited’: SC calls out Centre over short tenures of CECs
Gujarat Elections 2022: BJP suspends 12 rebels fighting as independents; 6-time MLA among them
Gujarat Election 2022: Ankleshwar to witness close fight between BJP, AAP, Congress
Gujarat Election 2022: AAP bets on Anil Garasiya for Jhalod assembly seat
Gujarat Assembly Election 2022: Will Asha Patel’s absence hurt BJP in Unjha?
Gujarat Election 2022: Will BJP retain Nadiad assembly seat for sixth time?
Delhi MCD poll: AAP plans magic shows, 1,000 Nukkad Sabhas by star campaigners
MCD Elections 2022: What are the key responsibilities of Municipal Corporation of Delhi
BJP launches new social media campaign against AAP | WATCH
MCD elections: AAP MLA thrashed by party workers; assaulted for selling tickets, says BJP | Video
MCD elections 2022: BJP releases another sting video, claims AAP selling ticket for MCD polls
Priyanka Chopra’s daughter’s photo melts hearts; fans debate if she resembles actress or Nick Jonas
Salman Khan’s niece Alizeh Agnihotri to make her Bollywood debut with Soumendra Padhi’s next | DEETS
Kantara Box Office Collection: Rishab Shetty’s film remains unbeatable; reaches new milestone
Nawazuddin Siddiqui opens up on struggles and challenges he faced before his big break
Fans hail Kartik Aryan’s Shehzada as #HappyBirthdayShehzada trends on social media
Turkey: Earthquake of 5.9 magnitude jolts Duzce province; authorities assessing possible destruction
Nepal Election results 2022: PM Deuba wins Dadeldhura seat, ruling party leads on 46 seats
Imran Khan sold gold medal he received from India, claims Pak Defence Minister
38 killed as massive fire engulfs cloth manufacturing company in China
EXPLAINER: Why was Indonesia’s shallow quake so deadly?
Cristiano Ronaldo officially leaves Manchester United
ECB: Luke Wright set for new innings after retirement; to take over duties as men’s selector
Manchester United Sale: PL club up for sale as chaos continues at Old Trafford after Ronaldo saga
T20 World Cup 2024 to be played in new format; Know about rules, hosts, teams and other details
Official: Martin Guptill to be released from central contract after warming bench for NZ
FRA vs AUS FIFA World Cup 2022: Champions France thump Australia as Giroud equals Henry’s record
FIFA World Cup 2022: Mexico and Poland match ends in draw, both teams settle with 1 point each
FIFA World Cup 2022, Highlights: Mexico vs Poland match ends in draw
FIFA World Cup 202: Tunisia holds Denmark 0-0, both teams settle for 1 point each
Watch Video: Saudi Arabia fans take inspiration from Cristiano Ronaldo to poke fun at Argentina
Disha Patani’s hot bikini photos raise the temperature high | Have a look
Kartik Aaryan visits Siddhivinayak temple on his birthday with parents | PHOTOS
FIFA World Cup 2022: Messi, Eriksen and defending champions in action as Day 3 set for crunch ties
FIFA World Cup 2022: 5 unique facts about FIFA WC including use of semi-automated offside technology
Shilpa Shetty, Sonam Kapoor and more; Bollywood actresses who found love outside the Industry
Instagram, Facebook now have new privacy updates for teens: Check latest upgrade by Meta
‘Namaste…’ tweets Elon Musk to end conversation with critics
Google’s parent company Alphabet plans to lay off 10,000 employees based on new performance method
Govt goes tough on fake online reviews of products, services; issues guidelines
Twitter to pause relaunch of $8 verification mark until there is surety of stopping impersonation

source