
The employability edtech for Bharat | Anil Nagar @ Adda247
Founder Thesis
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How to Raise Enough Money to Build a Company
Most companies raise for customer acquisition costs, which in your case is largely organic. Do you think you raised too much money? 55 million dollars you raised in the last two years and you are a company which doesn't burn money for customer acquisition. Your revenue, like that average revenue per student is also fairly low. Looking at that, it seems like a very large number to raise 55 million. Yeah. So we have done two rounds recently. One was in 2021, November. We have raised 20 million, which was mix of 500 in secondary. But primary capital, I would say, was an outdated growth. And on that, out of that 100 growth, we spent some money on acquisition
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