Hyderabad: A child’s progress is measured by the grades and/or marks scored by them in school. However, there are many studies to prove that these are not the only parameters to judge a child’s learning. And to prove these studies right and also to provide a scientific, data-driven analysis of a child’s performance, Kiran Babu started Egnify Technologies in November 2015.
Working out of T-Hub, the startup is a cloud-based holistic student performance improvement platform that through data and artificial intelligence measures the weaknesses and strengths of a student and provides specific solution. In addition, the startup also does assessment of teachers’ performance class-wise and provides them with in-depth analysis of areas to improve in each subject.
“While there are many education technology startups working in the country, but we differentiate ourselves by using the schools as our consumer and not students. We provide our analysis either through a mobile app, web app, excel reports and even paper-based reports. With such a wide array of products on offer we have been able to serve those institutes which are not well-versed with IT infrastructure,” Babu told Telangana Today.
A sample paper-based report shown by Babu explains in detail how these performances are measures. For example, a student has scored 60 marks in an exam then through analytics Egnify’s product will showcase why the student lost 40 marks and which are the chapters or concepts that they need to improve on. This helps the student to concentrate more on those chapters and/or concepts in the next exam and helps them understand the subject much better.
In the last two years, the startup has tied up with 400 group schools catering to 3,28,000 students across 28 cities in four States. It also recently received funding of Rs 1.6 crore from a Dubai-based investor and plans to use those funds to explore deeper problems.
“Going ahead, we plan to tap the competitive exam market like the IIT, JEE, NEET and others. This will give us a wider audience and also help us build a deeper platform for these exams as here even one mark makes a lot of difference in the rank,” Babu informs. The startup plans to get on-board 10 lakh students by end of 2018 and is also looking at getting into more cities and international expansion as well.
Egnify offers different models to the schools and based on their requirement they can choose whichever model they want. While the basic model involves analytics of the data, the next-level includes student-wise report of each and every subject and deeper analyses of problem. “The school charges the parents on the kind of report the parent seeks of their child. And we take a cut from these reports,” the ex-Google analyst said.
The startup has been making money since the first year itself and has the likes of Sri Chaitanya and Vignan group on its clientele list.