The company is now close to raising Rs 100 crore (just under $17 million) for expansion to Sri Lanka, Malaysia, Indonesia and the Middle East. With its motto 'education for working professionals, on the move ', avagmah.com uses innovations in technology as an alternate to traditional education.
Ganesh and his wife Meena have bought Avagmah, the online higher education business of Bangalore-based 24x7 Learning and have teamed up with venture capital firm Capital18 to invest Rs 15 core in the new venture. This is their eight ventures. The internet entrepreneur couple who sold online tutoring firm, Tutor Vista to UK's Pearson for Rs 1,000-crore two years ago, is returning to the education sector. "It is a billion dollar opportunity," said Ganesh whose earlier education business was focused on kindergarten through grade 12. "The adult education market is driven by increasing number of working professionals and online users," he said.
Since 2010, avagmah.com has shaped careers of over 2500 professionals by providing an array of prestigious yet affordable programs giving its students professional edge in today's competitive economy.
Avagmah is an education venture offering industry relevant online continuing education programmes (certificate, UG and PG courses) for working professionals. Avagmah has partnered with half a dozen institutions viz. Jack Welch Management Institute - Strayer University, Bharathidasan University, IMT Ghaziabad, CDL, Whistling Woods International and Apollo Medvarsity in order to bring their degree programs and credit bearing courses online. AVAGMAH-Jack Welch Management Institute's Executive Education Certificates allow Indian Executives to swiftly broaden their perspectives, add to and upgrade their skills, and obtain the kind of cutting-edge education that will allow them to tackle today's most urgent business challenges. Taught by AVAGMAH & JWMI's specially trained faculty and similarly infused with Jack Welch's winning philosophy, the certificates are designed to fit the needs of new and experienced managers alike. Both executive education programs are for functional managers and are taught 100% online.
The firm counts among its clients several industry leaders such as Convergys, Infosys, Accenture, Abbot, Titan, Airtel, HP, Glenmark, Syntel, Aditya Birla Group and AstraZeneca which sponsor students for its online courses. avagmah says it has an order book of Rs 20 crore in 2014 and is expecting sales to grow 6x in the coming year. The company claims to have provided training to over 1,800 professionals.
Karthik K.S is the founder and CEO who had completed his B-Tech from NIT, Kurukshetra. Director of Avagmah, Sarbvir Singh, is an alumnus of IIM-Ahmedabad and IIT Delhi.
Avagmah means intelligence in Sanskrit. Avagmah has developed a technology platform which enables students to access faculty in real time and learn at their own pace from any part of the world using devices such as mobile phones, laptops and tablets. "If you are working in Electronics city (a Bangalore suburb that houses several technology companies) driving down for evening classes does not work,"