Digital platform PeakThoughts, which focuses on self care and psychological empowerment, plans to broaden its companies globally, because it appears for a contemporary spherical of funds value Rs 10 crore. The firm goals to shut that within the subsequent three months. “Currently, we are focussed on expanding to the Middle-east and Southeast Asian markets, specifically in Dubai and Singapore, and next year we want to enter the US and European market,” Neeraj Kumar, CEO, PeakThoughts instructed FinancialExpress on-line. The firm claims to have raised angel spherical funding of Rs 2 crore within the final six to eight months.
PeakThoughts had launched a specialised programme, COMPETE, early this month, to help Joint Entrance Examination (JEE) and National Eligibility cum Entrance Test (NEET) 2022 aspirants, in constructing psychological energy constructing apart from aiding in higher efficiency. “The programme aims to handhold students, to up productivity, mindfulness, countering stress, nervousness, performance anxiety, and setbacks. Moreover, the students can reach out to the coaches anytime for quick help and assessment. We have so far counselled more than 6,000 students,” Kumar stated.
Regulatory filings accessed by enterprise intelligence platform, Tofler present that in its first 12 months of operation, income from operations stood at Rs 7.3 lakh, because it posted a internet lack of Rs 1.2 crore.
The firm claims to have two income fashions – business-to-business (B2B) and business-to-customer (B2C) fashions – geared toward two completely different sorts of shoppers. Under the B2B mannequin, the corporate ties-up with faculties and offers them with customised options for all the scholars. As for B2C mannequin, college students can immediately go for PeakThoughts’s companies. “We are a subscription-based model, primarily focused on schools, coaching institutes. Now we plan to tie-up with bigger institutes with 500 to 1,000 students and doesn’t have structured programmes for mental strength and performance development. We have more than 100 experts in counselling students who are regularly trained to handle different issues,” Kumar added. The firm presently claims to have tie-ups with among the establishments comparable to Sri Chaitanya, Aakash Coaching Institute, Infinity Learn, Mayo College and plenty of extra.
COMPETE is one such programme presently operated by the corporate which is predicated on subscription. A 3 tier pricing mannequin, base one is priced yearly at Rs 6,000, whereas Pro is priced between Rs 18,000 to Rs 24,000, and Peak is priced at Rs 36,000 yearly.
The firm claims to spend 50% on know-how, product improvement and operation and the remaining 50% goes to the payment of the counsellors. PeakThoughts was based in mid-2020, specializing in youngsters, and aiding them in growing their psychological energy and efficiency.
Source: www.financialexpress.com”