Photo - utobo.com
45465

utobo.com

utobo.com

India, Karnataka
Market: Internet and IT, Information and media
Stage of the project: Operating business

Date of last change: 15.04.2020
Min investment
$  25.000
Show contacts
Total required
$ 200.000
Rating
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Idea

Utobo is the SaaS-based one-stop platform to teach and grow completely online.

Current Status

Generating early revenue.

Market

Target - Individual tutors, educational institutes already teaching online or looking to adopt online teaching.
Ideal Tutor - Age 20-40 years old, passionate about online teaching, already have digital content or building it right now, located in better internet connectivity areas.

Problem or Opportunity

Consider an individual tutor or an educational institute considering to teach online. They are facing below problems currently.
1. To teach and grow completely online tutors are using at least 4 apps
2. Only 10-15% platforms are affordable.
3. Only 10-20% apps are offering white labeling or branding of tutor/institute.
4. Only 10-20% platforms are offering marketplace to get new users

Solution (product or service)

A SasS based web and mobile app for tutors to teach and grow completely online.
 One-stop platform to teach and grow completely online.
 Multimedia formats (video, pdf, ppt, audio, text, images) and vernacular
language support.
 Isolate your classroom or subscribe to marketplace (optional).
 Live streaming, one to one and group live classes.
 Accept fee offline or online
 White labeled web application to integrate it with existing website of institute.
 Super user friendly app, no tech skills required to use the platform.

Competitors

udemy.com, teachable.com, thinkific.com, podia.com, classplusapp.com.

Advantages or differentiators

One stop solution to teach & grow completely online.
Wholesome classroom experience online.
Classroom isolation.
White label solution/branding.
Optional Marketplace.

Finance

Tutor subscriptions – Standard 69 USD, Enterprise starting from 200 USD
Add-ons – SMS, Email, Push Notification, Payment Gateway, Live Streaming and online sessions
Commissions – 20-50% incentive whenever a student purchases anything from marketplace

ARR projection in next 5 years - 60 Million USD

Business model

Tutors pay subscriptions fee to utobo.com.
Students pay to tutors out of which utobo.com gets 20-50% commissions on each transactions.

Money will be spent on

15% Product Development and improvements
40% Marketing and Promotions
25% Salary and operations
20% Contingency

Offer for investor

We can discuss this in the meeting or a phone call.

Team or Management

Risks

Easy entry in the market.
Chances of features getting copied is really high.
Content security and monitoring is the biggest challenge.

Incubation/Acceleration programs accomplishment

Incubatee at Venture Development Institute Canada.

Won the competition and other awards

Timesnext Super 30 Start-up
CIO Review top 20 eLearning company

Photos

Photo 1 - utobo.com

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video