Revamping The Education Realm With Unique Solutions
They say, “Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence.” Women are surpassing every arena of the business world and setting new standards in the entrepreneurial world as well. It is no longer a mystery that the next evolution in the business area will be brought by women only.
Business Connect is renowned for its impeccable monthly editions comprising success stories of various business leaders and their brainchildren. Here again, we are back with our exclusive edition of the month to reveal some great business ideas prevailing around us in the global business world. To make this read successful, our editorial team had an exciting and joyful virtual session with the leadership panel of AcadAlly, a brand of Avalon Edtech Pvt. Ltd brand.
The core management of the company and the duo of Founders & Directors, Ms. Ridhi Agarwal, and Mr. Yash Prakash shared numerous lesser-known facts about the company and shed some light on their overall entrepreneurial journey so far with us. The passion and dedication of Ms. Ridhi towards the business world and her initiative to set a higher standard in the global market for women entrepreneurs highly inspired us and made us feature her in our exclusive edition.
We truly hope that this fascinating read will add some extra value to the lives of our global readership panel and will surely encourage the budding leaders out there to break the barriers and chase their dreams. So without any further ado, let’s dive straight into the read!
THE BRAIN BEHIND THE BRAND
Just before the inception of the venture, Ridhi observed a huge gap in the education arena as there was the extremely poor performance of students which was leading to low enthusiasm for learning among them and was also triggering stress in both students as well as their parents.
Giving a detailed introduction of the company, Ridhi quips, “We have experienced firsthand the challenges faced by teachers while they navigate student learning, manage diverse curriculum needs, address parental concerns and meet state department’s initiatives. We have witnessed issues related to stress, lack of motivation in underperforming students, and frustration in parents.
Leveraging these insights, the AcadAlly team has been transforming our schools through innovative systemic changes in instructional delivery, deploying assessment data for remedial action, and using technology to reach every student. This led to the formation of AcadAlly. We have helped thousands of students and are now poised to scale up to meet the learning needs of thousands of schools.”
She further adds, “The idea for AcadAlly was born during school closures due to Covid when we experienced three significant issues- lack of tech infrastructure and pedagogy for seamless and efficient online teaching, parents who could not support students’ learning at home, and most importantly, learning loss amongst students due to learning isolation and social-emotional issues.
A comprehensive solution that addressed the ground reality was not available in the market. Voila, AcadAlly! When schools opened for a short period in 2021, we conducted focus group discussions with various stakeholders-students, teachers, parents, and management as well as a nationwide teacher survey and got responses from over 10,000 participants.
AcadAlly’s comprehensive solution to address the needs of every student and ease of use by teachers was developed in conjunction with education and technology experts. Teachers, parents, and school leaders further helped to fine-tune the offerings.” Sharing his viewpoint, Yash asserts, “AcadAlly’s team is its biggest competitive advantage. We both have expertise in school operations, scaling businesses, and data analytics.
Our investor Dr. Pramath Raj Sinha has founded the well-known Indian School of Business, and Ashoka University. Bhavin Shah is the Director of Education World and Vivek Shukla is the Director of Affairs Exhibitions. With a cumulative experience of over 60 years in the sector, we understand the pulse of this sector and have access to over 60, 000 schools in India and across other geographies.
Our K-12 experts have a proven track record of three decades in school transformation, training, curriculum development, assessment, and research. Our technology team has over 15+ years of experience in building learning management solutions (LMS & LXP and expertise in research, UI/ UX, tech implementation, monitoring & optimizations.”
SOLVING THE MASS ISSUE
AcadAlly is a K-12 ed-tech company focused on enhancing every student’s performance and managing learning loss. The AcadAlly solution seamlessly integrates the trinity of pedagogy, curriculum, and technology to impact every student’s learning by:
• Empowering teachers with a fullyear digital curriculum (books, lesson plans, videos, kits, student development plans) in all subjects and all K 12 classes, analyzing learning gaps, and using data analytics to manage performance.
• Increasing student agency by encouraging students to take accountability for their own learning process through mastery learning and instant feedback.
• Involved parents as partners in the learning process by recommending ideas to support learning at home and making home-school communication seamless.
• informing school leadership by using data to recommend steps to improve the overall academic levels.
EDGE IN THE REALM
“We aim to start with India and expand our footprint globally in phase 2 with appropriate product variations. With respect to the student population in K-12 in India, our TAM is 270 million, SAM in private education is 121.5 million and TOM is 8-9 million. To do this, TAM in terms of the total number of private schools in India is 420,000, SAM is 60,000, and TOM we can service is approximately 8,000 schools.
Our confidence to reach this target stems from our own network as school owners in India and from the strategic involvement of our investorsto access markets such as Africa, Korea, Thailand, Nepal, Bangladesh, and Indonesia. Key factors driving the edtech market in India include penetration of digitization in the education sector, growing adoption of edtech tools, the proliferation of smart devices, and seamless internet connectivity at low costs.”- Ridhi Agarwal.
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