A Technology Based Edu Solutions for Entrance Exams
Plancess EduSolutions is a Mumbai based online educational platform. It was founded by three IITians and is India’s first company providing video lectures delivered by top 100 rankers of IIT JEE. The company also provides fresh IIT JEE study Material, IIT JEE Online Test Series and IIT JEE Video Lectures. The company will utilize the funds in getting to international exposure and increasing their resource and product base.
Why we Choose Plancess as Startup of the week
The striking profile and tremendous achievement of the company forced us to choose it as Startup of The Week.
Within a time of four years from its inception, it has served to more than 10000+ IIT aspirants and the interesting fact is that 20% among which has successfully competed in IIT and others has been admitted in the top leading engineering colleges.
The company has a strong base of fans on Facebook with over 1.5lacs fans and around 500+ followers on twitter. The company has received a rating of 4.1 on a scale of 5.
Other than this the company recently has been funded by the Gogri family of Aarti Group. The focus of the company will be product development and increase the distribution across the geographic area.
3 IIT Bombay alumni founded Plancess in 2011 and the company is a whole solution provider for the UG engineering entrance exams and also provides a full package covering JEE Main and JEE Advances exams through study materials, video lectures, test series and Guru Guidance.
What makes Plancess stand apart from others is its unique content and structured study sets and preparation model that satisfies millions of student’s preparing for the exam based on the changed JEE pattern.
The entire study material has been prepared by top IITians and the lectures are delivered by TOP 100 RANK HOLDERS that helps students to get an outstanding understanding on how rank holders prepared for the examinations.
Each year India produce about 1.5 million applicants for the IIT JEE and this exam is one among many entrance exams conducted across India. Education is given utmost importance in our society and every parent wants their child to be in the top ranked college of the country. This space was brilliantly occupied by the founders of the company and was significantly utilized.
The team has grown above 130 and has quickly established itself as one of the highly appreciated IIT JEE study package provider across the country.
Till now, the company has successfully catered to 10,000+ IIT aspirants and is pleased of the fact that 20% of its users have achieved the qualifying ranks at IITs and other leading engineering colleges in India.
Nitesh Salvi, Director& Co-founder of the Plancess Edu Solutions said, “Our initial focus would be on expanding our product portfolio into medical entrance preparation, and we are optimistic about helping more than 50,000 engineering and medical entrance aspirants by 2016-17”.
On increase in competition in the industry Salvi said, “We have done pretty well in last 3 years. Currently we are at 60 lacs sales per month. Our major focus till now was content and brand name in market. And we have fairly achieved that. With this fund we are looking for tech development in coming 6-8 months and definitely take over competition by 2016-17”.
Rajendra, Chairman of Aarti Group added, “The team at Plancess is making aggressive inroads into the education industry. It has quickly grown into a structure, which has a strong product roadmap and stable business model for its print and digital offerings. Rarely have we come across an education technology venture in India, which has rapidly scaled from a hostel room to a team of 130+ individuals who are brimming with energy to make things happen”.
Expanding its reach and visibility among the users, the company recently joined hands with Wiley India for publishing study materials for JEE aspirants.
The JEE Complete Course for PCM by Plancess-Wiley covers topic-wise theory with:
- 5000+ illustrations and solved examples
- 10,000+ exercise questions with solutions and formula sheet
- 2500+ Problems of IIT-JEE and AIEEE exams of last 35 years
- Questions categorized into JEE Main & JEE Advanced
- Six Level of Exercises categorized into JEE Main & Advanced
- 7 types of Questions based on latest JEE pattern
- Important questions picked by Top 100 IIT JEE Rankers
The business has also tied up with Samsung to provide study material to the IIT aspirants embedded in a Samsung tablet.
Online Education & Test Preparation Market in India
Over the past few months, Edutech startups industry has seen a wave of investors coming to invest in validating their growth potential. We have witnessed at least five startups in the education technology cosmos since April this year which has raised a total amount of around $40 million in initial funding.
The online test prep industry is valued around $80 billion globally and which includes the Indian Edutech industry valuing $8 billion. Plancess is observing the vacant space across the globe and is ready to expand globally.
Plancess is competing with Toppr which has recently raised an amount of $10 million in Series B round of funding and Testbook which received $15 million last month to develop their strategy and increase their visibility across the geographies.