Cyboard is a one-of-its-kind startup in the Indian ed-tech space. It is among the first 100% virtual schools in India founded by two serial entrepreneurs and visionaries- Rajat Singhal, Co-Founder & CEO, and Kunal Singhal, Co-Founder& CTO, at a boots strapped funding of INR 2.5 crores. The startup aims to raise funds to the tune of INR 20 crores within one year. Cyboard is also targetinga the enrolment of about 5000 students in Standards I-III by the end of April 2021 and capture a 2% share of India’s K-12 market by 2025. The hallmark of its services is a hybrid model of delivery encompassing a mix of online classes, 30-day physical camps and a few city-level interactions.
Cyboard envisions imparting futuristic education to students through state-of-the-art infrastructure, technology tools and subject matter experts, irrespective of any geographical barriers. Although India is home to one of the educational systems in the world, lack of personalization, limited student-teacher interaction and increased dependence are some of the challenges in the conventional education model. The startup aims to overcome these drawbacks through digital technology.
“Indian education is witnessing a rapid digital transformation that will redefine it in tune with industry requirements over time. Cyboard was born out of a commitment to leveraging new-age technology to boost learning outcomes and overcome the gaps in conventional K-12 education. We target raising funds to the tune of INR 20 crores within a year that will help us to scale further and become accessible to students across the globe,” Mr Rajat Singhal, Co-Founder, Cyboard.
Cyboard will commence initially with I, II, III standard classes. Leveraging cutting-edge technologies, updated curriculum and the latest pedagogy to provide individualized attention to students are some of its unique value propositions. The school encourages Adaptive Learning to lay a strong conceptual foundation. thereby eliminating the need for external tuitions. It leverages cutting-edge AI technology for facial recognition and body language assessment. The school is based on a monthly fee model. It will ensure economies of scale through advanced technology solutions. The faculty consists of a 3-tier structure of SMEs, Master Subject Teachers and Assistant Teachers to devote personalized attention to every student.
The school is a founded by Mr Rajat Singhal and Mr. Kunal Singhal. Having completed his CA at a young age, CA Rajat Singhal is a serial entrepreneur with varied experience across sectors such as Education, Finance, Hospitality and Real Estate. From bootstrapping businesses; to mobilizing and completing stuck up projects; to land acquisitions; to turning loss-making ventures into profitable ones, he has an experience of turning difficulties into opportunities.
Kunal Singhal is currently spearheading EAZY ERP Technologies Pvt. Ltd as a Managing Director with an objective to foster innovation and support tech startups’ growth. He has been a member of several industry forums in different capacities such as Co-Chairman, PHD Chamber of Commerce & Industry, Elected Council Member, ICT & Electronics Committee and Confederation of Indian Industry (CII), Haryana. Further, Mr Singhal has been conferred with many awards and accolades such as ‘Emerging Entrepreneur in ‘Make in India’ by SME Channel, 2016, DQ Award for ‘Innovation in Supply Chain Visibility, 2018, Sarthi ‘SME Excellence Award’, ‘Outstanding Excellence Award’ in Global Business at ICEIL 2018 and Skoch Excellence Award, 2018.