About Freeco
Freeco is an Education company based in Jaipur (India) founded in 2020 by Nikhil Chaudhary, and was acquired by Physics Wallah in August 2022. Education consulting services are provided by Freeco in India. Its Indian entity Freeco Education Private Limited reported revenue of ₹2.9 Lakh. Its focus areas include Educational Support Services, B2C, Admissions Consulting and Study Abroad. Its competitors include Cengage Learning, Adventum Student Living and Miles Education; 2 of its 3 listed competitors have raised funding.
Company details
Freeco was founded in 2020 and is headquartered in Jaipur, India. Education consulting services are offered by the company within the education sector. Operations focus on advisory support for educational institutions and programs. Services include strategy development and implementation guidance. Nikhil Chaudhary is listed as co-founder. The domain freeco.co.in is used for online presence, with activities centered in the Indian market.
- Headquarters Jaipur, India
- Founders Nikhil Chaudhary
- Stage Acquired
- SectorsEducation
- Email••••••••
- Phone•••• ••••
- Website freeco.co.in
- Social LinkedIn Facebook
- Acquired by Physics Wallah (Aug 2022)
- Legal Name Freeco Education Private Limited
- Date of Incorporation 07 Jan, 2020
- Jurisdiction Agra, Uttar Pradesh, India
- Annual Revenue₹2.9 Lakh
FY 2024 · -98% YoY
- Net Loss-₹15.1 Lakh
FY 2024 · -518% margin
- EBITDA₹2.5 Lakh
FY 2024 · 87% margin
- Investors
- Acquired byPhysics Wallah
(Aug 2022)
Associated legal entities of Freeco
Freeco operates through Freeco Education Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Freeco Education Private Limited CIN U80301UP2020PTC125412 | Active | 07 Jan 2020 | Agra, Uttar Pradesh | ₹0.0 Cr | 3 | View details |
Investors in Freeco
Freeco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Physics Wallah.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | pw.live | Noida, India |
Investor details for Freeco
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Board of directors of Freeco Education Private Limited (Freeco)
Freeco Education Private Limited is the primary company behind Freeco. The board of Freeco Education Private Limited currently have 3 directors; the longest-serving is Prashant Soni, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Soni DIN 08661509 | Director | 07 Jan 2020 | 6 yrs 9 mo | Freeco Education Private Limited |
| Nikhil Chaudhary DIN 08661510 | Director | 07 Jan 2020 | 6 yrs 9 mo | Freeco Education Private Limited |
| Ramawatar Chhaba DIN 08817505 | Director | 03 Aug 2020 | 6 yrs 3 mo | Freeco Education Private Limited |
People of Freeco
1 people are tracked at Freeco (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Freeco
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Financials of Freeco
Figures of Freeco Education Private Limited, the primary company behind Freeco, for FY 2024. Revenue was ₹2.9 Lakh (-98% year on year). Net loss was -₹15.1 Lakh (-518% margin). EBITDA was ₹2.5 Lakh (87% margin). Revenue has grown at a compounded annual rate of -73% over three years.
- ₹2.9 LakhRevenue · FY 2024 · -98% YoY
- -₹15.1 LakhNet loss · -518% margin
- ₹2.5 LakhEBITDA · 87% margin
- ₹1 LakhPaid-up capital
- -73%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Freeco Education Private Limited are on its company page.
Detailed financial statements for Freeco
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Timeline of Freeco
2 dated milestones of Freeco across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Freeco is founded.
- Exit Acquired by Physics Wallah.
Competitors of Freeco
Freeco has 3 listed competitors in our database, 2 of them funded. They include Cengage Learning, Adventum Student Living and Miles Education.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cengage.co.in | 2011 | Noida, India | $525M | 3,860 | Provider of education consulting services | |
| adventumstudentliving.com | 2019 | Mumbai, India | $24.78M | 247 | Study abroad consulting and student accommodation services are provided. | |
| mileseducation.com | 2011 | Mumbai, India | 373 | Provides global career pathways in accounting, business, healthcare, and technology. |
Detailed competitors of Freeco
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Top companies in Educational Support & Administration Systems
2 companies that operate in the same segment as Freeco (Educational Support & Administration Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Management services to the education sector are provided. | 2014 | Hyderabad, Telangana, India | USD 75 M | USD 285.42 M | 12,084 | |
Education services are provided to schools and institutes. | 2010 | Bengaluru, Karnataka, India | USD 194 M | USD 52.3 M | 701 |
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Related news about Freeco
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Frequently Asked Questions about Freeco
Freeco was founded in 2020.
Freeco is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
The primary company behind Freeco, Freeco Education Private Limited, reported revenue of ₹2.9 Lakh for FY 2024, down 98% year on year.
Freeco was founded in 2020 and is headquartered in Jaipur, India. Education consulting services are offered by the company within the education sector. Operations focus on advisory support for educational institutions and programs. Services include strategy development and implementation guidance. Nikhil Chaudhary is listed as co-founder. The domain freeco.co.in is used for online presence, with activities centered in the Indian market.
Freeco's top competitors include Cengage Learning, Adventum Student Living and Miles Education.
Freeco has 1 investor. Key investors include Physics Wallah.
Freeco operates through Freeco Education Private Limited.
Yes. Freeco was acquired by Physics Wallah in August 2022.
The legal entities of Freeco currently have 3 directors, including Ramawatar Chhaba, Prashant Soni, Nikhil Chaudhary.