The Indian coaching class market is estimated to be over $100 billion, and Kota has become the hub for these classes. Even though edtech has been a buzzword since long, most Indian coaching classes have failed to use this intelligently. Even though technology can help them improve their outreach and revenue, most of them seem to be stuck in the dark ages.
This article is part of LinkedIn's Hard Cases series, where medical professionals share the toughest challenges they've faced in their careers. You can read more about it here and follow along using hashtag #HardCases.
I was having a conversation with an entrepreneur who had emailed me his pitch deck, and I was quizzing him on the phone. He'd been introduced to me through a friend , and I wanted to learn more about what he did , to see if he fit our investing thesis.
One of the hardest things for an entrepreneur to do is to build a team. While you may be able to get co-founders when you are starting off , it's very challenging to attract high quality people to work for you .
Everyone agrees there is a huge market for teaching conversational English - not only in India, but all over the world. English has become the global lingua franca, and parents want their children to be able to speak English fluently. Similarly, millions of workers are happy to invest time and money in mastering English, because they know this will help them improve their job opportunities.
Most people believe that the reason for the sorry state of affairs in Indian healthcare today is the shortage of doctors. The standard wisdom is that there are too many patients and not enough doctors, based on the "recommended doctor-patient ratio" by the WHO.
This guest article is based on experiences shared by the founders of Creditas Solutions , @Anshuman Pawar and @Madan Srinivasan. Creditas , a company I have invested in, operates the ClearMyDues platform ( www.clearmydues.com)