Фото - Erudito
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Erudito

Google classroom with content for primary school.

Украина, Харьковская область
Отрасль: Образование, обучение
Стадия проекта: Есть идея или наработки

Дата последнего изменения: 22.08.2022
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Идея

Erudito brings ready-to-use content to teacher, paperless homework and gamification of education in Primary school.

Текущее состояние

We've run an MVP in Ukraine and got the first traction:

B2B: $4250 from private schools. Selling Erudito platform

B2C: $1200 from subscription.
Subscription for a month costs $3.99, forever $19.

CAC $3.2
LTV: $3.8

Ukraine market is small, so currently we're looking for the growing market of LatAm.
Got 2 meetings with Peru and Bolivia councils, working on a prototype for Spanish speaking countrie.


Рынок

Ideal customer - Principal in Private school which wants to add competitive advantage to his school. Location: Peru, Mexica, Spain, Ecuador.
End users are teachers + kids in primary school.

Estimated price for 1 month from user $5. There are more than 20 000 schools in Peru. It's a big and growing market. We have in partners ex-council of Peru in Ukraine. The goal is to sign a letter of intent with 5 private schools by the end of Sept.

Проблема или Возможность

B2B: Erudito saves 8h - 12h weekly for teachers providing ready-to-use content, ability to send home task right to the smartphone. Neither Google class nor existing competitors provide content in addition to their LMS platform.

Решение (Продукт или Услуга)

Erudito Provides safe, AI-empowered solution in a platform.
Erudito brings ready-to-use content to teacher and paperless homework.

Конкуренты

Epic! https://www.getepic.com/sign-in
TinyTap: https://www.tinytap.com
Mental UP: https://www.mentalup.co
Matific: https://www.matific.com/ua/uk/home/

Преимущества или дифференциаторы

Ready to use content for teachers in primary school.
All primary school subjects in one app
LMS paired with native mobile apps. Proven ability to work on distance education.
Online-battle (aka kahoot) for kids.
Statistics for parent
AI-empowered algorithm of complexity
Answers to any kid’s question by human.

Финансы

Revenue stream - monthly payment for students in primary school.
Who pays - parent, the sum might be added to the monthly payment of school. In Peru monthly payment for private: $150 - $3000. Adding +$5 is not a big deal. We did research with parents in Peru and they agreed to pay for the digital product.

Revenue:
2019 - $0
2020 - $450
2021 - $65 340
2022 - $263 390

Бизнес-модель

Business model - subscription.
There are 2 channels B2C, B2B. for LatAm we're focusing on B2B.
Parent will pay $5/mo for kids accessing the Erudito app and content.


Traction we got in Ukraine:

CAC $3.2
LTV $3.8
Average time in app 14m 38s.

Целевое назначение инвестиций

50% marketing
30% development
20% operational

Предложение инвестору

$700k for Equity, negotiable.

Команда или Руководство

Риски

- Google starts to male own content on their platform
- Product is not good enough
- Competitor which we don't know
- Government regulation on mobile phone usage in school

Прохождение Инкубационных/Акселерационных программ

Startup School (YC) - lectures 2018,2019,2020.
reBootCamp Kharkiv 2020 - top5 startups.
TractionCamp (USAID + USF partners) - completed
Startup kotiki learning center - completed
EO accelerator - completed

Победы в Конкурсах и другие награды

Aug 2020, Startup network, Unicorn battle - 2nd place
Dec 2020, Ukrainian Culture fund, $20 000 UAH,
May 2021, UKrainian Startup Fund, $25 000 pre-seed grant and People choice award.
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Идея
Текущее состояние
Рынок
Проблема или Возможность
Решение (Продукт или Услуга)
Конкуренты
Преимущества или дифференциаторы
Финансы
Инвестировано в прошлых раундах, $
Бизнес-модель
Целевое назначение инвестиций
Предложение инвестору
Команда или Руководство
Менторы-советчики
Лид-инвестор
Риски
Прохождение Инкубационных/Акселерационных программ
Победы в Конкурсах и другие награды
Изобретение/Патент
Видео о продукте
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