The edtech platform has achieved 400% YoY revenue growth and aims to upskill 2.5 million people in 2024
GrowthSchool, a generative AI-led upskilling platform, claims that it has achieved 400 per cent year-on-year growth since its inception in 2021, with a peak monthly revenue of Rs 5 crores. The two-year-old platform has reportedly empowered more than 1 million learners and aims to reach 2.5 million in 2024.
GrowthSchool's current team strength is 150, which has grown by 3X year-on-year. Looking ahead, it aims to achieve a $1 million monthly run rate by FY 2024.
The company already generates 10 per cent of its revenues from learners outside of India. It is aiming to make a formal foray into global markets, targeting North America (NA), Southeast Asia (SEA), and the Middle East (ME) in 2024.
GrowthSchool stated that it has also garnered significant interest from its existing investors for the upcoming Series A round. The company has entered new categories in the Indian market, including performance marketing, no-code, Web3, management consulting, and generative AI.
To enhance its global reach and maximize empowerment for job seekers worldwide, GrowthSchool has introduced the 'Outskill' platform, allowing users to acquire professional skills and contribute to sustainable employment. Its 'Career Superapp' offers workshops conducted by elite mentors from top brands, audiobooks summarizing bestselling non-fiction books, and comprehensive reading materials and resources that cover a wide range of relevant topics.
Speaking about this, Vaibhav Sisinty, founder and CEO of GrowthSchool, said, "I have been a job seeker, a top-performing corporate executive, and an entrepreneur. All these experiences have given me a great understanding of how skills should be imparted and by whom."
Unlike other platforms, he said that GrowthSchool has a stringent vetting process and rigorous evaluation is done before mentors are onboarded to run workshops. "During the journey of GrowthSchool, alongside empowering over 1 million learners, I also realised that there is a much larger talent pool out there that is not able to upskill due to monetary limitations, and that's where we are going to make continuous learning and development even more affordable than Netflix," he added.