Study IQ Education
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Study IQ Education - overview
Established
2014
Location
Delhi, -, India
Primary Industry
Education/Training
About
Study IQ Education specializes in providing a diverse range of online educational courses tailored for aspirants of UPSC IAS and State PCS examinations in India, focusing on enhancing competitive exam preparation. Founded in 2014 in Delhi, India, Study IQ Education is dedicated to delivering online courses for UPSC IAS and State PCS examination preparation. The company was co-founded by Gaurav Garg and Mohit Jindal. In December 2021, the company was acquired for INR 150 million by Metis Eduventures Pvt.
Ltd. , which is backed by a consortium of investors including Info Edge (India) Limited. The firm has successfully completed one funding round, leading to its recent financial backing from Adda247 and Info Edge (India) Limited. Study IQ Education primarily offers a comprehensive suite of online educational courses designed specifically for aspirants preparing for UPSC IAS and State PCS examinations in India.
Their core offerings include structured courses covering various subjects pertinent to the examinations, such as General Studies, Public Administration, Sociology, History, and Political Science and International Relations (PSIR). The courses are delivered through a user-friendly application that organizes content systematically to facilitate easy navigation and learning. Study IQ serves a vast clientele comprising students across India who seek to enhance their competitive exam preparation through high-quality video lectures, daily current affairs updates, and personalized mentorship, particularly targeting urban and semi-urban areas with a significant concentration of competitive exam aspirants. In 2023, Study IQ reported a revenue of INR 3,811,478, while also reporting an EBITDA of INR -5,246,856.
4 for the same year. The revenue model is primarily subscription-based, where users pay for access to various courses and mentorship programs tailored to their needs, engaging with the platform through direct-to-consumer transactions. Study IQ Education plans to enhance its educational offerings through new product launches set for 2024, focusing on innovative online courses tailored for different competitive exams. The recent funding acquired will support these initiatives, particularly in expanding into new geographic regions across India, targeting areas with increasing populations of aspirants.
The deal concluded in December 2021 with Metis Eduventures Pvt. Ltd. for INR 150 million will facilitate this expansion and product development.
Current Investors
Info Edge (India) Limited, Adda247
Primary Industry
Education/Training
Sub Industries
Education & Training Software
Website
www.studyiq.com
Verticals
EdTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Study IQ Education - timeline of key events
Study IQ Education - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 50,728,468.8 | 89,466,272.9 | 97,839,389.7 | 258,241,976.1 | - | - | - |
| % Revenue Growth (YoY) | - | 76.4% | 9.4% | 163.9% | - | - | - |
| EBITDA (USD) | 5,186,075.9 | 7,940,562.2 | 7,971,030.2 | 38,150,693.7 | - | - | - |
| Operating Income (USD) | 5,056,734.5 | 7,287,868.8 | 7,111,462.2 | 37,307,399.5 | - | - | - |
| Operating Margin | 10.0% | 8.1% | 7.3% | 14.4% | - | - | - |
| % EBITDA Margin | 10.2% | 8.9% | 8.1% | 14.8% | - | - | - |
| NET Income (USD) | 3,480,953.8 | 4,661,106 | 4,970,298.1 | 26,851,929 | - | - | - |
| % Net Margin | 6.9% | 5.2% | 5.1% | 10.4% | - | - | - |
Study IQ Education - employee data
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