Avanti Learning Center

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Avanti Learning Center - overview

Established

2010

Location

Mumbai, Maharashtra, India

Primary Industry

Education/Training

About

Avanti Learning Center is an educational organization based in Mumbai, India, that provides extensive support services for high school students pursuing admission into top Science and Technology colleges. Founded in 2010 by Akshay Saxena, Avanti Learning Center operates in Mumbai, India. The organization specializes in educational support for underprivileged high school students, encompassing mentorship and test preparation services. Avanti secured a total of INR 30 million in Series C funding from The Michael and Susan Dell Foundation on December 21, 2020, bringing its total amount raised to INR 30 million and current valuation to INR 1,219.


336 million. Avanti Fellows specializes in providing comprehensive educational support services aimed at high school students aspiring to gain admission to top-tier Science and Technology colleges in India. Their core offerings include free test preparation programs, mentorship, and career services that collectively enhance students' prospects for success in competitive examinations such as JEE and NEET. Since its inception in 2014, Avanti has focused on serving underprivileged students primarily through partnerships with government school systems, effectively addressing the barriers faced by these students in accessing quality education.


The organization's impact extends across 29 states and union territories in India, significantly benefiting a diverse client base consisting of high school students from varying socioeconomic backgrounds. The end goal of Avanti's programs is to facilitate upward mobility and help students break the cycle of intergenerational poverty. In the most recent fiscal year, Avanti Learning Center recorded a revenue of INR 817,782. 9, with an EBITDA of INR -103,814.


1. The organization operates on a revenue model that primarily relies on partnerships with educational institutions and potential donors, focusing on providing free services to end-users. Avanti Learning Center aims to expand its offerings by designing new programs tailored for different educational needs, with plans to launch them by mid-2024. The organization also targets expansion into additional regions of India, specifically in underserved rural areas, by late 2024.


The recent funding round will be utilized to enhance program development and facilitate outreach to a larger student demographic.


Current Investors

The Michael and Susan Dell Foundation, Pearson Ventures, Globevestor

Primary Industry

Education/Training

Sub Industries

Education & Training Services, Schools

Website

www.avantifellows.org

Verticals

EdTech

Company Stage

Series C

Total Amount Raised

Subscriber access only

Avanti Learning Center - timeline of key events

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Avanti Learning Center - financials

Fiscal Year EndedMar 31, 2013Mar 31, 2014Mar 31, 2015Mar 31, 2016Mar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023Mar 31, 2024
Revenue (USD)-2,090,9578,922,28231,674,70154,527,99390,078,592175,038,955240,373,03269,983,082---
% Revenue Growth (YoY)--326.7%255.0%72.1%65.2%94.3%37.3%(70.9%)---
EBITDA (USD)-(11,363,610)(24,664,414)(106,433,516)(96,060,517)(58,130,671)(78,605,428)(141,444,302)(411,359)---
Operating Income (USD)-(11,681,831)(26,380,782)(112,759,555)(107,658,312)(73,537,172)(92,866,192)(163,925,778)(31,683,787)---
Operating Margin-(558.7%)(295.7%)(356.0%)(197.4%)(81.6%)(53.1%)(68.2%)(45.3%)---
% EBITDA Margin-(543.5%)(276.4%)(336.0%)(176.2%)(64.5%)(44.9%)(58.8%)(0.6%)---
NET Income (USD)(199,904)(11,417,888)(26,148,482)(112,556,054)(104,940,803)(71,259,887)(93,243,105)(167,841,346)(34,454,036)---
% Net Margin-(546.1%)(293.1%)(355.4%)(192.5%)(79.1%)(53.3%)(69.8%)(49.2%)---

Avanti Learning Center - employee data

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