About Corsalite
Corsalite is a company based in Hyderabad (India) founded in 2014. Corsalite has raised $358.62 thousand across 2 funding rounds from investors including Ravi Madala, Raja Narendra Reddy Boddapati and Rahul Dev Vasista. Corsalite operates in a competitive market with competitors including Unacademy, BYJU'S, Toppr, Toprankers and HLT, among others.
- Headquarter Hyderabad, India
- Stage Minicorn
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Sectors
Education
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Phone
Locked
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Website
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Social
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- Legal Name Corsalite Education Services Private Limited
- Date of Incorporation 07 Mar, 2014
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$505.44 K (USD)-42.02as on Mar 31, 2020
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Net Profit
-$1.11 M (USD)-1080.62as on Mar 31, 2020
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EBITDA
-$954.8 K (USD)-932.4as on Mar 31, 2020
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Total Equity Funding
$358.62 K (USD)
in 2 rounds
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Latest Funding Round
$156.69 K (USD), Angel Round
Jul 25, 2017
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Investors
& 14 more
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Employee Count
Not available
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Funding Insights of Corsalite
Corsalite has successfully raised a total of $358.62K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $156.69 thousand completed in July 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Corsalite
Corsalite has secured backing from 15 investors, including angel investors. Prominent investors backing the company include Ravi Madala, Raja Narendra Reddy Boddapati and Rahul Dev Vasista.
| Investor | Description | Founded Year | Domain | Location |
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Ravi Madala |
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Raja Narendra Reddy Boddapati |
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RD
Rahul Dev Vasista |
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Investor details for Corsalite
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Corsalite
Investment portfolio details for Corsalite
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Financial Statements - Corsalite
Detailed financials for Corsalite
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- Profit trends
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Corsalite Comparisons
Peer comparison for Corsalite
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- Named peers
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Competitors of Corsalite
Corsalite operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unacademy, BYJU'S, Toppr, Toprankers and HLT, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online educational resources and courses for exam preparation are provided.
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Online learning programs for K-12 education are delivered.
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Mobile and SaaS-based platform providing e-learning and test preparation platform for students
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Edtech organization that provides career discovery and preparation solutions to high school students
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Mobile apps for exam preparation in various fields are provided.
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AI-powered education solutions for K-12 and exam preparation are delivered.
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Detailed competitors of Corsalite
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Corsalite
Complete news archive for Corsalite
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Frequently Asked Questions about Corsalite
Corsalite was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Corsalite is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Corsalite is a funded company, having raised a total of $358.62K across 2 funding rounds to date.
Annual revenue of Corsalite is $505.44K as on Mar 31, 2020.
Corsalite offers online courses with a gamified, adaptive learning approach for competitive exam preparation. It adjusts the level of complexity to students learning pace. Students earn reward points from various learning activities such as topic completion, test completion, adherence to schedule, positive change to recommended focus areas, etc. Reward points redeemable for merchandise. It provides progress data reports. It offers courses for exams including JEE, BITSAT, and for classes six to twelve.
Corsalite has 15 investors. Key investors include Ravi Madala, Raja Narendra Reddy Boddapati, Rahul Dev Vasista, Phani Teja Nallamothu, and Mahamad Gouse Shaik.
The valuation of Corsalite is $3.35M as of Jul 2017.