Qriyo Company Profile

Background

Qriyo is India's first managed home tuition application, offering a comprehensive platform that connects students with qualified tutors across a diverse range of subjects and activities. Founded in 2015 by IIT Bombay alumni Mudit Jain and Rishabh Jain, Qriyo aims to simplify the process of finding home tutors by eliminating the need to browse through endless profiles, thereby providing a seamless and efficient learning experience.

Key Strategic Focus

Qriyo's strategic focus encompasses:

Comprehensive Course Offerings: Providing over 300 courses, including academics, competitive exams, yoga, music, dance, art and crafts, and languages.

Technological Integration: Utilizing a proprietary matchmaking algorithm to pair students with the most suitable tutors based on specific requirements.

Market Expansion: Initially operational in Jaipur and Jodhpur, Qriyo has expanded to cities such as Ahmedabad, Chandigarh, Surat, Udaipur, Ajmer, and Pali, with plans for further growth.

Financials and Funding

Qriyo has secured a total funding of $300,000 through two significant investment rounds:

Seed Funding: In January 2016, Qriyo raised $160,000 from UAE-based Idein Ventures.

Series A Funding: In May 2017, the company received an undisclosed amount from Dubai-based NB Ventures, marking it as Rajasthan's first tech startup to receive foreign funding.

The capital has been utilized to expand operations into new cities, enhance technological infrastructure, and onboard additional tutors to meet growing demand.

Technological Platform and Innovation

Qriyo distinguishes itself through several technological innovations:

Proprietary Matchmaking Algorithm: Automates the tutor selection process by evaluating multiple parameters, including subject knowledge, location, availability, and student requirements, ensuring optimal tutor-student pairing.

Qriyo Guru App: A dedicated application for tutors that facilitates profile management, application for tutoring opportunities, class scheduling, attendance tracking, and payment management.

Evaluation and Training: Tutors undergo a rigorous evaluation process, including subject knowledge assessments and behavioral evaluations, to ensure high-quality instruction.

Leadership Team

Mudit Jain: Co-Founder and CEO, overseeing product development and strategic direction. Prior to Qriyo, he served as Country Head for Finmechanics' India division and worked with PwC US in strategy and analytics.

Rishabh Jain: Co-Founder and COO, managing operations to achieve six sigma quality. An IIT Bombay graduate, Rishabh is also a published author and has experience with various startups, bringing expertise in management, processes, and operations.

Competitor Profile

Market Insights and Dynamics:

The Indian home tuition market is valued at approximately $10 billion, characterized by a mix of traditional tuition agencies and online platforms. The demand for personalized, at-home learning solutions is on the rise, driven by the need for flexible and customized educational support.

Competitor Analysis:

UrbanPro: Founded in 2011, UrbanPro is an online marketplace connecting students with tutors and training institutes across various categories.

Trymytutor: Established in 2011, Trymytutor offers a platform for students to find tutors for academic subjects and competitive exams.

FlipClass: Launched in 2013, FlipClass provides home tutoring services with a focus on K-12 education, leveraging technology to manage tutor-student interactions.

Strategic Collaborations and Partnerships

Qriyo has formed strategic partnerships with investors such as Idein Ventures and NB Ventures, which have provided not only financial support but also mentorship and guidance for expansion strategies.

Operational Insights

Qriyo's operational strategy focuses on leveraging technology to streamline the tutor-student matching process, ensuring quality control through rigorous tutor evaluations, and expanding its service offerings to meet diverse learning needs. The company's fixed pricing model and replacement guarantee enhance customer trust and satisfaction.