India, Dec 14, 2017: Rohit Manglik, founder, and CEO of EduGorilla shared scintillating ideas on how to attract investors in education and how technology can revolutionize the education ecosystem in India, addressing panelists at the News Corp VCCircle Education Investment Summit.
“While the number of investments has decreased in the $3-4 billion segment, the ticket size of the investment has increased. Education is a game of patience and exits can only happen much later than seven years,” said Rohit Manglik, on why Ed-tech startups using newer technologies haven’t seen many investors’ interest.
While speaking, Rohit Manglik shed light on how newer technologies such as virtual reality can help improve our learning experiences in the $100-billion education sector of India. He pointed out the pitfalls that hinder the adoption of technology by Schools and Colleges. He advised new players on how to generate investor interest and increase sales and revenue. Most of the companies invest a lot of time in perfecting their technology but don’t concentrate on the marketing budgets of the sales team. He also urged for innovation in the Indian context.
‘’Innovation, continuous innovation is the soul of a great business, but if your own business is not generating money, who will invest in it?’’ He added.
The participants and audience gave a patient hearing and a standing ovation at the conclusion of his speech.
Other speakers who joined the panel discussion with him included Aditya Malik, Managing Director and CEO at TalentEdge, Raman Talwar, CEO and founder of virtual reality-based startup Simulanis, Amit Mahensaria, Co-founder, and CEO of ed-tech startup Impartus.
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