Next Education, a leading, technology-driven company revolutionizing the K-12 education sector in the country, is foreseeing to witness 5X growth in the fiscal year 2024-2025. The organization has been instrumental in transforming the edtech sector in India by providing high-quality and innovative solutions to more than 12,000,000 students from various socio-cultural backgrounds studying in more than 18,000 partner schools across the country.
As India’s most comprehensive B2B SaaS-based end-to-end solutions provider for the K–12 market, Next Education was founded in 2007 by the IIT duo of Raveendranath Kamath and Beas Dev Ralhan. Through the years, the organisation has introduced innovative solutions like AR-enabled learning tools, Machine Learning, block-based coding systems, and gamification to enable a better learning ecosystem for the students.
Next Education, throughout its journey of 15 years, has introduced a wide range of innovative solutions like LearnNext, TeachNext, Next ERP, Next OS, Next LMS, Next 360, and Next Assessment for students, teachers, parents and school management. The company developed programs like Next Deeksha, Next Curriculum, Next Books and Next Gurukul, allowing students to understand their curriculum correctly. Also, to take the learning experience to the next level, the company has developed education labs like RoboticsLab, ScienceLab, EnglishLab, and MathsLab to impart experiential learning, enhance innovative and critical thinking, and equip students with the latest 21st-century skills.
Beas Dev Ralhan, Co-founder & CEO of Next Education India Pvt. Ltd., said, “The future of any nation depends on its youth, and we at Next Education are determined to provide the students with future-ready skills by leveraging them with the most recent technological solutions. Throughout our time in the industry, we have not only focused on just one stakeholder but also believed in a holistic approach, including students, teachers, and parents. We are determined to carry on with our growth rate in the future and provide technology-driven solutions to our partner schools, making education affordable and accessible.”
Next Education has had a well-planned roadmap in terms of the revenue generated, aims for the future, its recruitment drive, funding plans, and the overall growth rate. During the Pre-Covid period, it had generated revenue of Rs. 270 Crores; the figures went down during the pandemic, with the Last Financial Year (FY) generating a sum of Rs. 87 Crores.
However, the Post-Covid revenue generated of the Current Financial Year (FY) amounted in excess of Rs. 200 Crores. There have been aims of a 5X Growth in terms of the revenue generated for the Financial Year (FY) 2024-2025. For the Financial Year (FY) 2025-2026, the revenue aims are set to around Rs. 1,000 Crores.
For the current Financial Year (FY), Next Education are planning on hiring 100 more people. With respect to insights on funding, the company might get a raise for international expansion in the next 12 months. Most importantly, the company has observed a 10% growth yearly since its inception.
With its main office in Hyderabad, Next Education currently operates in more than seven nations and is also growing in the MENA region. The company intends to increase its internal talent while having a team of over 1100 people.