Kerala’s village-born EdTech startup Interval eyes Rs 70 crore in revenue this year
Kerala village-based edutech startup Interval Learning Platform has surpassed expectations for the financial year 2023–24, recording an impressive revenue of Rs 17 crore.
City Air News
Jun 18, 2024 07:15
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> Robust performance in FY 2023–24
> Monthly recurring revenue soared by 240 %
Kochi: Kerala village-based edutech startup Interval Learning Platform has surpassed expectations for the financial year 2023–24, recording an impressive revenue of Rs 17 crore.
The company has now set its sights on a bold target of Rs 70 crore by the end of the current financial year, marking a remarkable leap in its journey. The platform’s monthly active learners have surged, crossing the 25,000 mark at the beginning of the year, reflecting a robust and expanding customer base. In recent months, Interval’s monthly recurring revenue has soared by 240 percent, showcasing its widening reach and increasing operational efficiency.
Founder and CEO, Ramees Ali, attributes this success to a strong focus on customer satisfaction, strategic marketing initiatives, and significant investments in organizational development, including international expansion.
“We’ve achieved success at Interval by prioritizing high quality personalized tutoring, implementing strategic initiatives, and investing in organizational development, including expanding internationally,” he said.
The company is in the process of expanding its operations to Finland.
