About Resonance Eduventures
Resonance Eduventures is a company based in Kota (India) founded in 2001 by Chandalal Verma and Sunita Verma.. Resonance Eduventures has raised $94.84 million across 3 funding rounds from investors including Milestone Religare Investments, TA Associates and Castor Investment Holdings. The company has 525 employees as of March 28, 2024. Resonance Eduventures offers products and services including JEE Coaching, NEET Coaching, Online Programs, Distance Learning, and Test Series. Resonance Eduventures operates in a competitive market with competitors including Aakash Educational Services, Veranda Learning, Career Launcher, CLEducate and Career Point, among others.
- Headquarter Kota, India
- Employees 525 as on 28 Mar, 2024
- Founders Chandalal Verma, Sunita Verma
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Sectors
Education
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Phone
*********
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Website
*********
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Social
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- Legal Name Resonance Eduventures Limited
- Jurisdiction Kota, Rajasthan, India
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Annual Revenue
$21.63 M (USD)27.66as on Mar 31, 2023
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Net Profit
$1.06 M (USD)-7.65as on Mar 31, 2023
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EBITDA
$697.37 K (USD)-61.38as on Mar 31, 2023
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Total Equity Funding
$94.84 M (USD)
in 3 rounds
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Latest Funding Round
$59.5 M (USD), Series C
Jul 11, 2016
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Investors
Milestone Religare Investments
& 2 more
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Employee Count
525
as on Mar 28, 2024
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Products & Services of Resonance Eduventures
Resonance Eduventures offers a comprehensive portfolio of products and services, including JEE Coaching, NEET Coaching, Online Programs, Distance Learning, and Test Series. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Programs for JEE Main and Advanced exam preparation
Courses for medical entrance exam readiness
Digital courses for JEE and NEET via recorded lectures
Self-paced study materials for competitive exams
Mock tests and practice papers for exam simulation
Funding Insights of Resonance Eduventures
Resonance Eduventures has successfully raised a total of $94.84M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $59.5 million completed in July 2016. 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 Total Funding
- Total Rounds 3
- Last Round Series C — $59.5M
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First Round
First Round
(30 Mar 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series C - Resonance Eduventures | Valuation | TA |
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| Sep, 2011 | Amount | Series B - Resonance Eduventures | Valuation | Castor Investment Holdings |
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| Mar, 2010 | Amount | Series A - Resonance Eduventures | Valuation | Milestone Religare Investments |
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| 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 Resonance Eduventures
Resonance Eduventures has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Milestone Religare Investments, TA Associates and Castor Investment Holdings. 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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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Private equity investments are directed across multiple sectors.
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Investment advisory firm
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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 Resonance Eduventures
| 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 - Resonance Eduventures
| 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 |
Resonance Eduventures Comparisons
Competitors of Resonance Eduventures
Resonance Eduventures 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 Aakash Educational Services, Veranda Learning, Career Launcher, CLEducate and Career Point, 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 |
Chain of centers offering coaching for medical & engineering entrance exams
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| domain | founded_year | HQ Location |
Government exam preparation is provided through centers and online courses.
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| domain | founded_year | HQ Location |
Entrance exam preparation programs are offered through education centers.
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| domain | founded_year | HQ Location |
K-12 education, vocational training and test prep provider
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| domain | founded_year | HQ Location |
IIT-JEE, AIEEE, and pre-medical coaching is provided through institute chains.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Resonance Eduventures
Frequently Asked Questions about Resonance Eduventures
When was Resonance Eduventures founded?
Resonance Eduventures was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Where is Resonance Eduventures located?
Resonance Eduventures is headquartered in Kota, India. It is registered at Kota, Rajasthan, India.
Is Resonance Eduventures a funded company?
Resonance Eduventures is a funded company, having raised a total of $94.84M across 3 funding rounds to date. The company's 1st funding round was a Series A of $13.35M, raised on Mar 30, 2010.
How many employees does Resonance Eduventures have?
As of Mar 28, 2024, the latest employee count at Resonance Eduventures is 525.
What is the annual revenue of Resonance Eduventures?
Annual revenue of Resonance Eduventures is $21.63M as on Mar 31, 2023.
What does Resonance Eduventures do?
Resonance offers multiple programs like yearlong classroom contact programs (YCCP) for students of 12th and drop-outs, pre-foundation career care program (PCCP) for students of VII, VIII, IX and X. Also offers distance learning programs to students, who cant attend its classroom courses. Initially offered only IITJEE training and diversified into AIPMT, AIEEE, NTSE, KVPY, Olympiads and other specialized exams. Resonance has also forayed into education institutes like schools, colleges and universities. Presence across 19 cities through 22 independent study centers and 12 integrated coaching centers, with 40,000 students.
Who are the top competitors of Resonance Eduventures?
Resonance Eduventures's top competitors include Aakash Educational Services, Veranda Learning and MT Educare.
What products or services does Resonance Eduventures offer?
Resonance Eduventures offers JEE Coaching, NEET Coaching, Online Programs, Distance Learning, and Test Series.
Who are Resonance Eduventures's investors?
Resonance Eduventures has 3 investors. Key investors include Milestone Religare Investments, TA Associates, and Castor Investment Holdings.