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Shonak Roy

๐Ÿ‘ค Speaker
348 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

They're not buying technology and adopting it overnight because they really want to make sure they're using the right tools for their students.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So this land and expand model helps us to actually get in quickly without a long sales cycle, prove the product, show the data, show the efficacy, and then kind of sign a bigger deal with them.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Yeah, we are going to do a bigger round this year.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

I think maybe in the 10 plus million, 10 to 20 in that range.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Well, I mean, if you get a hundred million valuation, that'd be great.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

But, you know, it's, I would say the real story here is this, which is, you know, in education, the hardest thing to do in education, just like in healthcare, right?

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

If you, if you look at a healthcare product, like the key thing is the product, but do you have the product that you can sell and does it work?

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

In education.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Yeah, so 100%.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Sales cycles are also very, very important.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

But in EdTech, there are so many companies, there are so many technologies available.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Showing the product that really works is also very important.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

And that is where a lot of investments go initially.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So we have a product that works really well.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

I mean, we have done studies now with

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

As I said, over 12 universities, we drive higher retention, higher engagement in a pretty high level, and that has a huge impact on the school.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

I think our biggest advantage right now is that we have that technology that works.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Now, of course, in terms of sales and building up a sales force to be able to scale it to every colleges and universities, that's where the investment is going to go.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

EdTech is quite different from this e-commerce site where you can set up a site and sell things online, which is it's low friction to get into business.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

But EdTech has a slightly different way of scaling.