Ed-tech firm STEMROBO plans to broaden its operations in Nigeria and Cote D’Ivoire in West Africa within the subsequent six months. “We further plan to launch our East Africa chapter in September this year, focussed on the primary and secondary schools across Kenya and Rwanda,” Rajeev Tiwari, founder, STEMROBO applied sciences advised FE Education on-line. The firm launched its operations in West Africa in May 2022 and carried out its programmes throughout 50 main and secondary colleges throughout Ghana. Tiwari additional added that the corporate goals to succeed in 250 colleges in Ghana by FY23.
According to Tiwari, the corporate goals to shut FY23 with the online income of Rs 70 crore on the again of internet revenue of Rs 10.5 crore. The firm reported a 108.3% improve within the internet income to Rs 30 crore in FY22 from Rs 14.4 in FY21, as per regulatory recordsdata accessed by enterprise intelligence agency Tofler. It posted a 7X rise in internet revenue to Rs 2.8 crore in FY22 from Rs 34.6 lakh in FY21.
STEMROBO, which caters to the Ok-12 phase, claims to generate its income by means of annual subscriptions from colleges at a minimal assure of 250 college students. It claims to arrange Science, Technology, Engineering, Mathematics (STEM) primarily based tinkering labs within the colleges backed by instructor coaching, DIY robotic kits, softwares akin to ‘Artificial Intelligence (AI) Connect Coding Platform’ and ‘Tinker Learning’ LMS Platform, STEMROBO do-it-yourself (DIY) robotic kits. So far the corporate claims to have partnered with 2000 colleges. “We plan to partner with 5000 schools across India and reach 2.5 million students by the end of next year,” Tiwari mentioned.
Furthermore, the ed-tech agency has launched 30 offline facilities pan India and plans to broaden by means of franchise fashions. In the offline facilities, the scholars can entry STEMROBO’s choices outdoors faculty by means of annual subscriptions of Rs 500.
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Source: www.financialexpress.com”