About Corsalite
Corsalite is an Education company based in Hyderabad (India) founded in 2014. Adaptive online courses for competitive exams are provided. Corsalite has raised $358.62 thousand across 2 funding rounds from investors including Ravi Madala, Raja Narendra Reddy Boddapati and Rahul Dev Vasista. Corsalite was last valued at $3.35 million in July 2017. Its Indian entity Corsalite Education Services Private Limited reported revenue of ₹3.69 Cr. Its focus areas include EdTech, Test Preparation Tech, Digital Learning and Diversified. Its competitors include Unacademy, BYJU'S and Toppr; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Hyderabad, India
- Stage Minicorn
- SectorsEducation
- Phone•••• ••••
- Website corsalite.com
- Social LinkedIn X Facebook
- Legal Name Corsalite Education Services Private Limited
- Date of Incorporation 07 Mar, 2014
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹3.69 Cr
FY 2020 · -42% YoY
- Net Loss-₹8.08 Cr
FY 2020 · -219% margin
- EBITDA-₹6.98 Cr
FY 2020 · -189% margin
- Total Equity Funding$358.62K (USD)
in 2 rounds
- Latest Funding Round$156.69K (USD), Angel Round
Jul 2017
Associated legal entities of Corsalite
Corsalite operates through Corsalite Education Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Corsalite Education Services Private Limited CIN U80300TG2014PTC093377 | Active | 07 Mar 2014 | Hyderabad, Telangana | ₹3.7 Cr | 3 | View details |
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.
- Total Funding $358,615
- Total Rounds 2
- Last Round Angel Round — $156,693
- First Round $201,922
(May 2017)
- Investors Count 15
All 2 funding rounds of Corsalite with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $156,693 | Angel Round | $3.35M | Ravi Madala | – |
| May 2017 | $201,922 | Angel Round | $1.03M | Raja Narendra Reddy Boddapati |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2017 | $3.35M | •••••••• |
| May 2017 | $1.03M | •••••••• |
Last known valuation $3.35M (Jul 2017). 15 investors in total: 0 institutional and 15 angel.
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 |
|---|---|---|---|---|
RM Ravi Madala | unknown_f1bbfaf2f13a41239 | |||
RN Raja Narendra Reddy Boddapati | unknown_baf63a8c8edf47d6a | |||
RD Rahul Dev Vasista | unknown_82751845d5124088b | |||
PT Phani Teja Nallamothu | unknown_da2373cf016a43ffb | |||
MG Mahamad Gouse Shaik | unknown_3e6c2297de7041c5a | |||
HS Hanspal Singh Randhawa | unknown_fcfafcefe3dc4caab | |||
VK Vamsi Krishna Yalavarthy | unknown_e662dbceda25405b8 | |||
DS Damodara Srinivasa Rao Kamuju | unknown_6ee9adc9714c45099 | |||
BA Britto Arul | unknown_261ee55ba07544928 | |||
VP Veerendra Patola | unknown_67c2adab9f2e4c09a |
Investor details for Corsalite
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Corsalite Education Services Private Limited (Corsalite)
Corsalite Education Services Private Limited is the primary company behind Corsalite. The board of Corsalite Education Services Private Limited currently have 3 directors; the longest-serving is Subbarao Siddabattula, appointed in 2014. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subbarao Siddabattula DIN 02290377 | Director | 07 Mar 2014 | 12 yrs 8 mo | Corsalite Education Services Private Limited |
| Ilangovel Thulasimani DIN 06842242 | Director | 28 Mar 2014 | 12 yrs 7 mo | Corsalite Education Services Private Limited |
| Charu Noheria DIN 06854598 | Director | 28 Mar 2014 | 12 yrs 7 mo | Corsalite Education Services Private Limited |
Financials of Corsalite
Figures of Corsalite Education Services Private Limited, the primary company behind Corsalite, for FY 2020. Revenue was ₹3.69 Cr (-42% year on year). Net loss was -₹8.08 Cr (-219% margin). EBITDA was -₹6.98 Cr (-189% margin). Revenue has grown at a compounded annual rate of +25% over three years and +143% over five years.
- ₹3.69 CrRevenue · FY 2020 · -42% YoY
- -₹8.08 CrNet loss · -219% margin
- -₹6.98 CrEBITDA · -189% margin
- ₹3.14 CrPaid-up capital
- +25%Revenue CAGR, 3 years
- +143%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Corsalite Education Services Private Limited are on its company page.
Detailed financial statements for Corsalite
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Corsalite
4 dated milestones of Corsalite across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Corsalite is founded.
- Funding First funding round of $202K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $157K.
Competitors of Corsalite
Corsalite has 3 listed competitors in our database, 3 of them funded. They include Unacademy, BYJU'S and Toppr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unacademy.com | 2015 | Bengaluru, India | $880.17M | 1,894 | Online educational resources and courses for exam preparation are provided. | |
| byjus.com | 2011 | Bengaluru, India | $4.6B | 3 | Online learning programs for K-12 education are delivered. | |
| toppr.com | 2013 | Mumbai, India | $116.06M | Mobile and SaaS-based platform providing e-learning and test preparation platform for students |
Detailed competitors of Corsalite
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Test Preparation Platforms
3 companies that operate in the same segment as Corsalite (Test Preparation Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 275 M | USD 415.66 M | 15,046 | |
An online platform for competitive exam preparation is provided. | 2016 | Gurugram, Haryana, India | USD 64.98 M | USD 15.59 M | ||
Mobile and SaaS-based platform providing e-learning and test preparation platform for students | 2013 | Mumbai, Maharashtra, India | USD 116.06 M | USD 12.77 M |
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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. The company's 1st funding round was a Angel Round of $201.92K, raised on May 2017.
The primary company behind Corsalite, Corsalite Education Services Private Limited, reported revenue of ₹3.69 Cr for FY 2020, down 42% year on year.
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.
Corsalite operates through Corsalite Education Services Private Limited.
The legal entities of Corsalite currently have 3 directors, including Ilangovel Thulasimani, Charu Noheria, Subbarao Siddabattula.