With the marketplace markets moving at a fast pace, the entrepreneurs are coming up with definitive ideas to explore the space.
This time it’s Delhi-based marketplace for notes called Notesgen. This education startup has received seed funding from tech entrepreneurs Rajeev Saraf and Arvind Jha along with Career Launcher founder R. Satya Narayanan.
Founded by Carnegie Mellon University alumnus Manak Gulati, Notesgen started its operation in January this year. The startup is building a global marketplace for study notes and educational content created by students. The platform will serve as a network to help students quickly find and purchase notes prepared by other students.
Notesgen enables students, educators, professionals and even institutions to share their self-prepared notes, typed notes, assignments, presentations, case-studies, blogs and research materials, and sell them across the globe multiple times. Presently, Notesgen offers notes sharing in 14 categories, including engineering and tech, medical sciences, law, arts, management, IAS, CA/CS, and JEE, etc.
The Notesgen app claims to have :-
- over 50,000 users till date
- over 10,000 collated notes
- more than 1000 purchases
- more than 20 countries global outreach
The Indian education market is predicted to reach $40 Bn by 2017. Also, the increasing internet and smart phone penetration has led to a growth in the online education space. Notesgen conducted a survey to understand the education market and found out:
# 700 million students are on the lookout for study notes across all disciplines
# 46 per cent of Indian students use networking sites to complete their assignments.
# 44 per cent of content is consumed through smartphones
# 12 per cent of content is consumed through tablets
Manak Gulati, founder and CEO, Notesgen said, “We are solving a core problem that exists at the grass-root level. Notesgen is a product for the students, by the students. Even after having access to web and library, students still prefer to have notes of other students, as it is easier for them to understand.”
Notesgen further plans to raise first round funding of over $4 Mn (about INR 31 Cr) to help it expand globally and hire talent.