Outschool, a newfangled education platform, offers various engaging group classes online for online education. It does not work like traditional classes, instead gives students a unique opportunity to explore their interests in-depth using an interactive live session held by various experienced educators on the platform.
Outschool works on its mission of inspiring kids to love learning. They do this by providing them with innovative learning opportunities outside their traditional classrooms from the comfort of home.
With this strong vision and seed capital from Y Combinator and others in 2016, Nathoo and his team built this platform and launched it in 2017. Since then, more than 60 thousand students/ learners have attended classes on this platform.
As per the Forbes information of 2019, Outschool continues to expand and raised $8.5 million in Series A funding from Union Square Ventures and Reach Capital. From 2019 to 2020, there has been an incredible surge in online education platforms and is the result of the widespread COVID-19 pandemic. During this time interval, Outschool saw a more than 2000% increase in their class bookings. In 2020, the company’s sales were around $54 million as compared to $6.5 million in 2018. The pandemic has turned out to be a profitable one for the platform as it has started making more than $100 million in annual run rate.
he Outschool Business Model has turned out to be very successful because of the unique idea and features that it provides. It grabs hold of the weakness that most of the online courses have, i.e., one-to-one interaction and passion-based learning feature, and then toiled hard on its model. Instead of offering generic online courses that most other platforms offer, Outschool (along with its teachers) focused on creating an immersive learning experience where students can follow their passion and have fun while learning. As already mentioned, the marketplace-based model made it capable of hosting so many courses on its platform and increased the chance that a student will be able to find something relatable and fruitful to enhance his/her passion for learning on the platform.
This platform is a life savior for the parents who cannot afford to send their children to schools. Students with wealthy parents can easily afford the studies along with extracurricular learning support. But these are inaccessible to poor ones. The ultimate mission of Outschool, according to Amir Nathoo, is to inspire kids to love learning. They are working to supplement local schooling with the taste of fun and social learning opportunities. These classes can effectively be used for after-school enrichment or for extra help in any particular subject.
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