About Let's Ednovate
Let's Ednovate is an Education company based in Mumbai (India) founded in 2020 by Ashish Shah, Dhawal Purohit, and Prachi Jain. A chain of Chartered Accountancy training centers is operated. The company has 1 employees. Its Indian entity Ednovate Edutech Private Limited reported revenue of ₹9.31 Cr. Its focus areas include Test Preparation Chains, Certification Exams and Finance. Its competitors include J. K. Shah Classes, ArivuPro and Aldine CA; 1 of its 3 listed competitors has raised funding.
Company details
Ednovate was founded in 2020 in Mumbai, India, as a provider of training services in the education sector. A network of centers focused on Chartered Accountancy preparation is maintained, with operations centered in urban areas. Core services include structured coaching programs for aspiring professionals. The company is led by co-founders Ashish Shah, Dhawal Purohit, and Prachi Jain. Expansion within the Indian market is ongoing through additional center establishments.
- Headquarters Mumbai, India
- Employees 1
- Founders Ashish Shah, Dhawal Purohit, Prachi Jain
- SectorsEducation
- Email••••••••
- Phone•••• ••••
- Website letsednovate.com
- Social Facebook
- Legal Name Ednovate Edutech Private Limited
- Date of Incorporation 05 May, 2022
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹9.31 Cr
FY 2024 · +81% YoY
- Net Profit₹47.8 Lakh
FY 2024 · 5% margin
- EBITDA₹80.8 Lakh
FY 2024 · 9% margin
- Employee Count1
Associated legal entities of Let's Ednovate
Let's Ednovate is associated with 2 registered companies on The Company Check; the primary company is Ednovate Edutech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ednovate Edutech Private Limited CIN U80903MH2022PTC382041 | Active | 05 May 2022 | Mumbai, Maharashtra | ₹9.3 Cr | 5 | 2 | View details |
| Ednovate Education Private Limited CIN U80903MH2020PTC349078 | Active | 29 Oct 2020 | Mumbai, Maharashtra | 2 | View details |
Funding Insights of Let's Ednovate
- Total Rounds 1
- Investors Count 3
All 1 funding rounds of Lets Ednovate 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 |
|---|---|---|---|---|---|
| May 2022 | Series A | – | Vinay Jain, Ajay Sarupria | – |
3 investors in total: 0 institutional and 3 angel.
Investors in Let's Ednovate
Let's Ednovate has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Vinay Jain, Ajay Sarupria and Kaushik Mehta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VJ Vinay Jain | unknown_f62a76bc60a747838 | |||
AS Ajay Sarupria | unknown_291ec7ea8b8b4ccd9 | |||
KM Kaushik Mehta | Founder of Motilal Oswal Group, prominent angel investor in Indian startups | unknown_1d0c4ac9d58540bda |
Investor details for Lets Ednovate
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Board of directors of Ednovate Edutech Private Limited (Let's Ednovate)
Ednovate Edutech Private Limited is the primary company behind Let's Ednovate. The boards of the 2 registered companies of Let's Ednovate currently have 4 directors; the longest-serving is Ashish Surendra Shah, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Surendra Shah DIN 07048848 | Director | 29 Oct 2020 | 6 yrs | Ednovate Education Private Limited |
| Geeta Surendra Shah DIN 07074295 | Director | 07 Nov 2020 | 5 yrs 11 mo | Ednovate Education Private Limited |
| Prachi Jain DIN 08382884 | Director | 05 May 2022 | 4 yrs 6 mo | Ednovate Edutech Private Limited |
| Kaushik Harilal Mehta DIN 07863577 | Director | 05 May 2022 | 4 yrs 6 mo | Ednovate Edutech Private Limited |
People of Let's Ednovate
3 people are tracked at Let's Ednovate (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Dhawal Purohit | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Let's Ednovate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Let's Ednovate
Figures of Ednovate Edutech Private Limited, the primary company behind Let's Ednovate, for FY 2024. Revenue was ₹9.31 Cr (+81% year on year). Net profit was ₹47.8 Lakh (5% margin). EBITDA was ₹80.8 Lakh (9% margin).
- ₹9.31 CrRevenue · FY 2024 · +81% YoY
- ₹47.8 LakhNet profit · 5% margin
- ₹80.8 LakhEBITDA · 9% margin
- ₹1 LakhPaid-up capital
- 5Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ednovate Edutech Private Limited are on its company page.
Detailed financial statements for Let's Ednovate
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Let's Ednovate
2 dated milestones of Let's Ednovate across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Let's Ednovate is founded.
- Funding First funding round.
Competitors of Let's Ednovate
Let's Ednovate has 3 listed competitors in our database, 1 of them funded. They include J. K. Shah Classes, ArivuPro and Aldine CA.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jkshahclasses.com | 2008 | Mumbai, India | $1.74M | 155 | Chartered accountant coaching is provided via franchise model across India. | |
| arivupro.com | 2015 | Bengaluru, India | 56 | Offers online and in-person classes for commerce certifications and skill development. | ||
| aldine.edu.in | 2014 | Delhi, India | 5 | Offers coaching classes for aspiring chartered accountants. |
Detailed competitors of Lets Ednovate
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Verified entity values are shown only after access is granted.
Web traffic of Let's Ednovate
The website of Let's Ednovate (letsednovate.com) receives about 6.5K visits a month.
- Monthly visits6.5K
▼ 61.6% vs previous month
Top companies in Test Preparation Institutes
3 companies that operate in the same segment as Let's Ednovate (Test Preparation Institutes) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Training for competitive exams like IIT-JEE and NTSE is offered. | 1992 | Delhi, Delhi, India | USD 20.32 M | USD 71.98 M | 2,097 | |
Chain of centers offering coaching for medical & engineering entrance exams | 2000 | Delhi, Delhi, India | USD 1.08 B | USD 289.68 M | 8 | |
Chain of coaching institutes and PU colleges | 1988 | Mumbai, Maharashtra, India | USD 12 M | USD 3.85 M | 790 |
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Related news about Let's Ednovate
Complete news archive for Lets Ednovate
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Frequently Asked Questions about Let's Ednovate
Let's Ednovate was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Let's Ednovate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Let's Ednovate has 1 employees.
The primary company behind Let's Ednovate, Ednovate Edutech Private Limited, reported revenue of ₹9.31 Cr for FY 2024, up 81% year on year.
Ednovate was founded in 2020 in Mumbai, India, as a provider of training services in the education sector. A network of centers focused on Chartered Accountancy preparation is maintained, with operations centered in urban areas. Core services include structured coaching programs for aspiring professionals. The company is led by co-founders Ashish Shah, Dhawal Purohit, and Prachi Jain. Expansion within the Indian market is ongoing through additional center establishments.
Let's Ednovate's top competitors include J. K. Shah Classes, Aldine CA and ArivuPro.
Let's Ednovate has 3 investors. Key investors include Vinay Jain, Ajay Sarupria, and Kaushik Mehta.
Let's Ednovate is associated with 2 legal entities: Ednovate Edutech Private Limited, Ednovate Education Private Limited.
The legal entities of Let's Ednovate currently have 4 directors, including Prachi Jain, Kaushik Harilal Mehta, Ashish Surendra Shah and others.