Kalpathi Suresh leaps back into edu-tech with launch of new ‘testing’ venture

Chennai

Veranda Learning Solution will offer training programmes in test preparation for all competitive exams in India and abroad, including IIT JEE, NEET, GRE/TOEFL/IELTS/GMAT, IAS and Olympiads. Veranda will also offer courses in software development namely databases, languages, development tools, cloud/analytics/big data/AI/ML platform and at an affordable price point, a release said.

Veranda is building an online platform to combine the best of technology, processes, and methodologies to deliver high-quality content. Focused on academic outcomes for its students, Veranda adopts a multi-modal delivery system backed by a rigorous and disciplined learning framework.

Suresh Kalpathi said, “with the launch of Veranda we aim to establish an education company of choice for our customers who need a committed partner to drive their success by offering affordable, best in class and focused online content.” “The Indian online education market, supported by macro-economic changes, improvements in product offerings and changes in business models, is expected to grow to $1.96 billion by 2021 and to $4.87 billion by 2024. Veranda is ideally placed to play a dominant role in the education industry.

“Being built with an initial investment of Rs 50 crore, Veranda plans to expand its portfolio through organic development and acquisitions. We are targeting an Annual Recurring Revenue (ARR) of Rs 100 crores, in the first full year of our operations and Rs 1000 crore ARR in 3 years from now. We are working on multiple acquisitions, which we will announce in the coming weeks,” he added.