InnovatorsRace50 Introduction Feb 2017
InnovatorsRace50 IntroductionFeb 2017
PagePrivate & Confidential
Teaching provider profile
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Our Vision
“…to become the largest matching marketplacefor teaching providers and students.”
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Why Now?
Why Us?
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Why Us? Why Now?
• Solving a problem for time-poor parents having difficulties looking for quality tutors/classes nearby in budget to fit individual requirements.
• Best design and algorithms: Customer centric design with advanced search and filtering functions, payment solutions and student management system. Unique scheduling and pricing solutions for various class types.
• Best practice business model: free for students, tailored commission models for different provider categories.
• Market is ready for online searching, booking and payment platforms in a market-style fashion
• Learners and providers are getting used to instant, easy-to-use solutions at their fingertips, moving away from an enrolment process via phone or based on paper
• Australian market is ready for sharing economy, over two thirds Australians are actively spending on or earning from a sharing economy service.
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Case Study
One of our success stories: • Over the January 2017 holidays, Andrea, a mum and private secondary school teacher, was looking for a
Maths tutor for her daughter. • After asking around and searching online, she struggled to find a suitable tutor. Through TeachingMe,
Andrea quickly found Subi - an experienced secondary school teacher and tutor. She felt comfortable because the first tutoring session was covered under TeachingMe’s 100% satisfaction guarantee.
• Andrea booked a first class with Subi and her daughter rated Subi with five stars. • She is so happy with her daughter’s progress that the classes with Subi are ongoing.
Market Feature and OpportunitiesConcentrated user groups: 2,000 schools in Victoria, universities, CRT teacher associationsHighly efficient marketing promotion networks
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MARKET PROOFS1. Wyzant.com – one of the biggest US
based tutoring platforms received US$21.5m Series A funding in 2013
2. Genshuixue- a teaching and learning marketplace platform in China- received series A funding of USD50m at the valuation of USD250m in 1.5 years after launch in December 2015.
Market Analysis & Opportunity
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$ 119bnDomestic Industry
Market
$ 4.4tnGlobal Industry
market
5%, $5.95bnAnnual Growth
Rate in Domestic Market
9.5m peopleDomestic Target
Market
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Team
Join our success [email protected]