Market Size
Home Schooling:
The number of home-schooled kids hit 1.5 million in 2007, up 74% from when the Department of Education's National Center for Education Statistics started keeping track in 1999, and up 36% since 2003. The percentage of the school-age population that was home-schooled increased from 2.2% in 2003 to 2.9% in 2007.
Other Ref
Successful Exits:
1/ grockit ( state what to learn from them and how to improve )
2/ khan acadmy
3/ http://www.uopeople.org/ - It only takes $6 million to Educate the World ( my ideas earlier taking content from MIT/Yale etc....)
4/ Lynda.com Review (read full review very detailed) , Yelp users , Look at this INDEXDB video
- Orielly video lessons (seems manual video ) , but from Books .... that is diff from Linda ...
- I want to be able link to individual video topics. ( photos are attached to below link page)
see e-learning-interaction-boards-pens-text
http://www.tutor.com/pricing/ - $30/hour
http://www.growingstars.com/algebra-online-tutoring - $15/hour
http://www.tutorvista.com/ - $10/hour when bought 20 hour pack , addtional discount as $140 -> $7/hour
http://educomp.com/Products/SmartClass.aspx - Material FOr schools , Pearson invested in both
CD by same tutorVista company
10 online Tutors: http://online-tutoring-review.toptenreviews.com/homeworkhelp-.com-review.html
TutorVista Exit:
The London-listed firm had, in 2009, acquired a 17% stake in the local firm, and will now control 76% of the company with a total investment of Rs631 crore.
Around 4% is held by small investors and the remaining is owned by promoters K. Ganesh and his wife, Meena Ganesh, who founded the firm in 2005.
Pearson could raise its stake to 80% by the end of February, Ganesh said.
John Makinson, chairman of Pearson India, termed India’s education sector as “exciting”, and said Tuesday’s acquisition was a strategic investment for his company’s expansion plans in the country.
The Bangalore-headquartered TutorVista operates in four business segments—
1/ online tutorials;
2/ digital content and information and communication technologies for schools;
3/ test preparation and offline coaching to students;
4/ and runs 19 K-12 schools.
Chief executive Ganesh will continue in his present role, the companies announced on Tuesday.
“The investment in TutorVista gives us control of the world’s largest online tutoring business, and crucially, a solid platform on which to build a leading presence in the Indian private schools sector,” Makinson said.
TutorVista employs 2,000 teachers and 800 staff across its business segments. There are around 5,000 students in its 19 K-12 schools, which it expects to expand to 100 in five years.
“This deal indicates that global leaders are accepting Indian education models,” said Narayanan Ramaswamy, executive director, education, at consulting firm KPMG. “India is already the biggest base for education and you will see more money flowing to this sector. While TutorVista now will have access to global best practices available with Pearson, it will make Pearson a little bolder to roll out its education plan in the country.
Pearson operates in 60 countries and is now looking at emerging markets such as China, Brazil, South Africa and India for expansion. It owns brands such as Penguin books and the Financial Times newspaper. It also has a significant presence in computer-based testing and English language testing.
Pearson formed a joint venture in 2009 with another Indian education company, Educomp Solutions Ltd, to run a chain of vocational education centres branded IndiaCan.
There are no immediate plans to list the firm on the bourses, said Khozem Merchant, president of Pearson India. “If it becomes a $1 billion firm in three to five years, then that could be a good time to enter the market,” he added.
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| Pearson buys 59% more in TutorVista for Rs 577 cr |
| BS Reporter / Bangalore January 18, 2011, 13:43 IST |
Tutorvista has raised nearly $60 million as equity infusion during the past three rounds of funding
and provides online tutoring to various geographies across the world with US being the primary market. The company is also into K-12 space, supplies digital content and technology platforms to various schools and has a growing presence in test preparation and tutions.
Marjorie Scardino, Pearson’s Chief Executive, said: “TutorVista is an innovative and effective education company that we have worked with and respected for several years. This acquisition - which we believe is the largest transaction in education in India by any company – signals our excitement about the vitality of India’s education sector.”
According to a statement from Pearson,
- Indian government currently invests $40 billion each year or three per cent of GDP in education,
- while Indian consumers spend more than $40 billion on private educational institutions and services.
Both segments of the market are growing rapidly as a result of government commitment to increase the quality of and access to learning opportunities as a means of sustaining economic growth and reducing poverty.
In mid-2009, Pearson established a joint venture with Educomp, a publicly-traded learning company, to develop vocational and professional services for the Indian market.
Pearson buys controlling stake in TutorVista for $127m
Last summer Pearson spent $497m (£326m) acquiring the school learning systems business of Brazilian education company SEB and also expanded its presence in China and South Africa.
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TechCrunch: Total Raised: $80 m , final bought out valued: $150 m ( $127 mil. for 76% stake )
- s TutorVista plans to roll up to 100 formal schools (through the acquisition route), set up 170 brick-n-mortar tutorial centres in 10 states (from two currently) and expand ICT framework in private schools.
TutorVista has also been M&A-savvy to grow the domestic business. It acquired Edurite Technologies to foray into digital class rooms and other e-learning solutions. It is now the second largest player in this market after Educomp.
- Edurite also teamed up with Manipal Education to enter the K-12 school segment, and uses the Manipal brand to own and manage schools spread across Bangalore, Pune, Hyderabad, Mangalore, Gurgaon and Nepal currently.
- Similarly, it took over Tandem, a network of tutorial centres in Kerala, to develop a chain of tutorials that are technology enabled and not centered around one star teacher.
tember 24, 2010, 08:40 AM IST
- s TutorVista plans to roll up to 100 formal schools (through the acquisition route), set up 170 brick-n-mortar tutorial centres in 10 states (from two currently) and expand ICT framework in private schools.
TutorVista has also been M&A-savvy to grow the domestic business. It acquired Edurite Technologies to foray into digital class rooms and other e-learning solutions. It is now the second largest player in this market after Educomp.
- Edurite also teamed up with Manipal Education to enter the K-12 school segment, and uses the Manipal brand to own and manage schools spread across Bangalore, Pune, Hyderabad, Mangalore, Gurgaon and Nepal currently.
- Similarly, it took over Tandem, a network of tutorial centres in Kerala, to develop a chain of tutorials that are technology enabled and not centered around one star teacher.
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