About Specadel
Specadel is an Education company based in Bengaluru (India) founded in 2010, and was acquired by BYJU'S in May 2010. Mobile applications for educational content creation and assessments are developed. The company has 11 employees. Its Indian entity Specadel Technologies Private Limited reported revenue of ₹3.09 Cr. The company was acqui-hired. Its focus areas include EdTech, K-12 EdTech, Tech for Teachers and Content Management. Its competitors include LearningMate and Mintbook; 2 of its 2 listed competitors have raised funding.
Company details
Specadel was founded in 2010 and is headquartered in Bengaluru, India. Mobile applications are provided for the education sector, with StudyAssist used for creating and distributing study content across devices, and MobileStudy employed for test delivery and assessments. Remote access to tests is supported both online and offline, alongside features like testing modes, hints, solution reviews, performance tracking, white-labeled customization, content encryption, multimedia integration, ad capabilities, and multi-lingual options.
- Headquarters Bengaluru, India
- Employees 11
- Stage Acquired
- SectorsEducation
- Phone•••• ••••
- Website specadel.com
- Social LinkedIn X
- Acquired by BYJU'S (May 2010)
- Legal Name Specadel Technologies Private Limited
- Date of Incorporation 29 Apr, 2010
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Specadel
Specadel operates through Specadel Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Specadel Technologies Private Limited CIN U72200KA2010PTC053421 | Active | 29 Apr 2010 | Bangalore, Karnataka | ₹3.1 Cr | 11 | 2 | View details |
Investors in Specadel
Specadel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BYJU'S.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online learning programs for K-12 education are delivered. | 2011 | byjus.com | Bengaluru, India |
Investor details for Specadel
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Board of directors of Specadel Technologies Private Limited (Specadel)
Specadel Technologies Private Limited is the primary company behind Specadel. The board of Specadel Technologies Private Limited currently have 2 directors; the longest-serving is Byju Raveendran, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Byju Raveendran DIN 03408398 | Director | 06 Feb 2015 | 11 yrs 9 mo | Specadel Technologies Private Limited |
| Riju Ravindran DIN 03416072 | Director | 06 Feb 2015 | 11 yrs 9 mo | Specadel Technologies Private Limited |
Financials of Specadel
Figures of Specadel Technologies Private Limited, the primary company behind Specadel, for FY 2022. Revenue was ₹3.09 Cr (-6% year on year). Net loss was -₹4.49 Cr (-145% margin). EBITDA was -₹2.71 Cr (-88% margin). Revenue has grown at a compounded annual rate of -45% over three years and +143% over five years.
- ₹3.09 CrRevenue · FY 2022 · -6% YoY
- -₹4.49 CrNet loss · -145% margin
- -₹2.71 CrEBITDA · -88% margin
- ₹22.7 LakhPaid-up capital
- 11Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- +143%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Specadel Technologies Private Limited are on its company page.
Detailed financial statements for Specadel
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Timeline of Specadel
2 dated milestones of Specadel, from founding to its latest funding, stage changes and deals.
- Founded Specadel is founded.
- Exit Acquired by BYJU'S.
Competitors of Specadel
Specadel has 2 listed competitors in our database, 2 of them funded. They include LearningMate and Mintbook.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| learningmate.com | 2003 | Mumbai, India | $11.09M | Online LMS platform utilized for multi-industry skills training and engagement. | ||
| mintbook.com | 2013 | Bengaluru, India | $519,624 | 29 | Digital content is delivered via a cloud-based reading platform. |
Detailed competitors of Specadel
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Top companies in Education Technology Platforms
3 companies that operate in the same segment as Specadel (Education Technology 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 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 107.78 M | |||
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.33 M | USD 45.8 M | 1,140 |
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Related news about Specadel
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Frequently Asked Questions about Specadel
Specadel was founded in 2010.
Specadel is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Specadel has 11 employees.
The primary company behind Specadel, Specadel Technologies Private Limited, reported revenue of ₹3.09 Cr for FY 2022, down 6% year on year.
Specadel was founded in 2010 and is headquartered in Bengaluru, India. Mobile applications are provided for the education sector, with StudyAssist used for creating and distributing study content across devices, and MobileStudy employed for test delivery and assessments. Remote access to tests is supported both online and offline, alongside features like testing modes, hints, solution reviews, performance tracking, white-labeled customization, content encryption, multimedia integration, ad capabilities, and multi-lingual options.
Specadel's top competitors include LearningMate and Mintbook.
Specadel has 1 investor. Key investors include BYJU'S.
Specadel operates through Specadel Technologies Private Limited.
Yes. Specadel was acquired by BYJU'S in May 2010.
The legal entities of Specadel currently have 2 directors, including Byju Raveendran, Riju Ravindran.