Everest Education
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Everest Education - overview
Established
2011
Location
Ho Chi Minh City, -, Vietnam
Primary Industry
Education/Training
About
Founded in 2011 and based in Ho Chi Minh City, Vietnam, Everest Education operates an online platform that offers supplementary courses in Mathematics, English, test preparation, and computer programming. The company also provides tutoring services to students in grades 1–12 in Vietnam. Don Le and Tony Ngo are the co-founders of the company. The company’s centers are An Phu Learning Center, Phu My Hung Learning Center, and Him Lam District 7 Learning Center.
The company offers a range of educational programs and services catering to students from Grade 1 to Grade 12. The firm’s offerings include Math and English enrichment courses, test preparation, college admissions consulting, and private tutoring. Everest’s proprietary blended learning approach aims to engage students in different subjects and build their academic skills. In addition, the company conducts English, Steam, and design thinking camps through its learning centers, partner schools, and online platform.
The company also provides online classes, making education accessible for students in the comfort of their homes.
Current Investors
Hendale Capital, Nullabor, Viet Capital Asset Management
Primary Industry
Education/Training
Sub Industries
Education & Training Website, Education & Training Services
Website
www.e2.com.vn
Verticals
EdTech
Company Stage
Series B
Total Amount Raised
Subscriber access only
Everest Education - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,952,939,000 | 16,268,898,000 | 24,119,042,786 | 26,157,757,795 | 31,966,321,192 | 35,527,578,868 | - | - | - |
| % Revenue Growth (YoY) | - | 36.1% | 48.3% | 8.5% | 22.2% | 11.1% | - | - | - |
| EBITDA (USD) | (7,236,519,631) | (11,958,751,558) | (20,707,011,566) | (23,286,803,368) | (15,392,012,229) | (21,743,264,981) | - | - | - |
| Operating Income (USD) | (7,933,692,097) | (12,864,529,961) | (22,396,956,036) | (25,673,697,083) | (17,240,907,530) | (22,979,714,859) | - | - | - |
| Operating Margin | (66.4%) | (79.1%) | (92.9%) | (98.1%) | (53.9%) | (64.7%) | - | - | - |
| % EBITDA Margin | (60.5%) | (73.5%) | (85.9%) | (89.0%) | (48.2%) | (61.2%) | - | - | - |
| NET Income (USD) | (8,049,328,928) | (13,198,986,515) | (22,577,357,694) | (26,203,615,238) | (21,182,231,298) | (24,642,364,590) | - | - | - |
| % Net Margin | (67.3%) | (81.1%) | (93.6%) | (100.2%) | (66.3%) | (69.4%) | - | - | - |
Everest Education - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B | Completed | Everest Education | - | ||||||||
| Unspecified Round | Completed | Everest Education | - |
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