Services
Online Education
Season 2 Products
| Brand | OLL |
| Company name | CloneFutura Live Solutions Private Limted |
| Founders | Shreyaan Daga |
| Original ask | 30 lakhs for 2% equity at the valuation of 15 crores. |
| Deal | 30 lakhs for 5% equity at valuation of 6 crores |
About the product
OLL is a collaborative community where learners come together to share their knowledge and interests. It provides skill development classes to students in 1st to 10th grade through online live interactive group classes.
The courses are certified by STEM & UNESCO. Through education, they believe in providing chance for individuals to realise their full potential and construct a better future.
OLL has six hero workshops like robotics, coding, financial education, public speaking, including all essential skills of 21st century and they present it through schools.
In the course, every child creates ten practical projects & once it is completed, they get a certification from STEM & UNESCO.
Their annual subscription fee is Rs. 2000. They currently have 300 active teachers who get paid on a per-hour basis.
Founders & their story
Shreyaan Daga, Co-Founder
Shreyaan dropped out of school after tenth grade. He started his entrepreneurship journey when he was only 8 years old. He started from selling his paintings. When he was in 7th grade, he did an internship with the stock market. He got his first investment from his dad to start OLL. His milestone is to acquire BYJU’S & Unacademy.
About the company
OLL (Online Live Learning) a platform built in 2020 that connects learners to educators globally for the widest range of skills with the best educators in one place in Live group classes
It is primarily focused on working professionals, where-in they want to draw in the most needed and urgent impact of quality education.
In order to maintain both the students’ interest in the subject matter and their requirement for it, the curriculum and instructional techniques that they use are organised in an interesting and individualised fashion.
They have upskilled 35000 students in 28 months. Their aim is to ignite the boundless potential of one billion learners each and every day by providing them with access to endless abilities and a profoundly transformational learning experience.
Amount Raised:
- 20 lakhs at valuation of 3.2 crores
- 90 lakhs at valuation of 9 crores
Revenue:
They made a revenue of Rs. 2.2 crores in two years. The last month revenue was Rs. 28 lakhs with the net margin Rs. 18 lakhs. Their retention rate is 41%.
Founder’s Ask
30 lakhs for 2% equity at the valuation of 15 crores.
Offers
Vinita offered 10 lakhs for 2% equity at valuation of 5 crores & 20 lakhs loan @12% interest.
Peeyush & Vineeta jointly offered 20 lakhs for 4% equity (2% each) at valuation of 5 crores & 10 lakhs debt @12% interest.
Founder didn’t agree to take debt so they changed their offer to 30 lakhs for 6% equity at valuation of 5 crores.
Counter offer by Founder
30 lakhs for 5% equity at valuation of 6 crores
Final Deal
30 lakhs for 5% equity at valuation of 6 crores
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