Business Description:We are building an online testing platform with CAT India Online being the first venture - for CAT exam (IIM).
We have a two fold aim behind CATIndiaOnline. On one hand, we aim to address some of the problems that CAT aspirants, particularly, working professionals, face today in preparing for CAT. On the other hand, when CAT goes online, all smaller coaching institutes will require to administer computer based tests.
It will be challenge for them to develop the required infrastructure. Students of all these coaching classes will need an alternative and we will help them with our free online test solution.
Industry:Education
Founded in:2008
Source of idea:Systematic search for business opportunity
Significant Competitors:www.tenaday.co.in, www.time4education.com, www.careerlauncher.com, www.testfunda.com
Company Details :
Company Name:CAT India Online
HeadQuarters:Bangalore
Stage of the company:Scaling up
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):preprofit
>Partnerships:Talks in various stages; nothing inked as of now
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:B-to-C:
1) The base testing platform will remain free of cost
2) There will be charges for Value Added Services; like in-depth analysis of one's performance.
B-to-B:
1) Hosting service for coaching institutes, with customized space for uploading question paper, access control to the paper and manage results distribution
2) Promoting quality books in recommendations - if a student is weak in that area
3) Sell the online testing platform to universities willing to have this solution for their students/professors
Awards & honors:We are just 3 weeks old, but have got great independent reviews from startupduniya.com, Hindu education times, etc
Promoters Details :
Promoters Name(s):Kumar Gaurav
Age:26
HomeTown:Kumar Gaurav
Education:Bachelors IIT
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Member of Technical Staff at VMWare
Ex-Job Description:development
Favorite Book/Movie:None
