Sunstone Eduversity is an India based Education Technology company. It aggregates MBA colleges in a technology-led asset-light model, and runs its management programs in these colleges. Sunstone works on a pay-after-placement model, where student pays fee after he gets a job placement.
Sunstone aspire to address the following challenges faced in the Indian MBA eco- system:
Student: Very few students get a job or get poor quality jobs hence there is no trusted college brand to choose
Recruiter perspective: Students are not job-ready, resulting in high recruitment/ training costs
College perspective: Most colleges are unable to fill their seats resulting in burden on their financials
Actions/Project for which funds are sought
Company will be primarily utilize the funds for;
Offer: An equity stake of 14.9% for USD 500k at a post money valuation of USD 3.35mn
Have received committed funds of USD 300,000
Asset Light Model
Sunstone (the company) offers a cloud based MBA program, which can be plugged in any College. The company is responsible for Admissions, Academics and Placement. The respective College is responsible for Infrastructure and Accreditation. The company leverages on economies of scale in admissions, content development, delivery and placements, as all of these are managed centrally.
Pay After Placement
Sunstone works on a “Pay After Placement” model – wherein initially when a student joins any of Sunstone’s affiliated Colleges he/ she pays a minimal registration fee (no further fees until job placement). Post receiving job placement, the student pays Sunstone 10x of their monthly salary as the remainder of the fee.
Industry-Oriented Quality Education
Sunstone’s curriculum is driven by current Industry requirements (curriculum specializations are developed in partnership with the anchor recruiter based on demand trends). Leveraging on technology the company is able to provide AI-driven personalized learning to each student.
Traction so far
Sunstone aspires to disrupt the higher Education space and is targeting to enrol 16,000 students during the next 4 years, which has a revenue potential of over USD 100mn