About Freeco
Freeco is a company based in Jaipur (India) founded in 2020 by Nikhil Chaudhary was acquired by Physics Wallah in August 2022.. Freeco operates in a competitive market with competitors including Strategic Education, Cengage Learning, Adventum Student Living, Costa Edutainment and Ibmec, among others.
- Headquarter Jaipur, India
- Founders Nikhil Chaudhary
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Freeco Education Private Limited
- Date of Incorporation 07 Jan, 2020
- Jurisdiction Agra, Uttar Pradesh, India
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Annual Revenue
$190.11 K (USD)1426as on Mar 31, 2021
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Net Profit
$25.38 K (USD)911as on Mar 31, 2021
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EBITDA
$33.93 K (USD)1252as on Mar 31, 2021
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Physics Wallah
(Aug 17, 2022)
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Funding Insights of Freeco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Freeco
Freeco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Physics Wallah. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Online educational resources and test preparation for exams are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Freeco
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Freeco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freeco Comparisons
Competitors of Freeco
Freeco 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 Strategic Education, Cengage Learning, Adventum Student Living, Costa Edutainment and Ibmec, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Educational support services are provided to working adult students.
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| domain | founded_year | HQ Location |
Provider of education consulting services
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| domain | founded_year | HQ Location |
Study abroad consulting and student accommodation services are provided.
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| domain | founded_year | HQ Location |
Children's recreational, cultural, educational, and scientific activities are provided.
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| domain | founded_year | HQ Location |
Diversified courses and degrees are offered by Ibmec university.
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| domain | founded_year | HQ Location |
Provides global career pathways in accounting, business, healthcare, and technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Freeco
When was Freeco founded?
Freeco was founded in 2020.
Where is Freeco located?
Freeco is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
What is the annual revenue of Freeco?
Annual revenue of Freeco is $190.11K as on Mar 31, 2021.
What does Freeco do?
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.
Who are the top competitors of Freeco?
Freeco's top competitors include Strategic Education, Cengage Learning and Adventum Student Living.
Who are Freeco's investors?
Freeco has 1 investor. Key investors include Physics Wallah.