Understanding the gaps in the STUDY ABROAD MARKET?
Think School・18 minutes read
The school has invested in startups like MVE Health, Wi Wealth, and Unicorn and is conducting research to identify market gaps for angel investments, particularly in the lucrative study abroad industry in India where students spent $37 billion in 2019 and are expected to reach $70 billion by 2025. Opportunities exist in pre-admission, admission consulting, and housing expenses for students studying abroad, with companies like University Living playing a significant role in accommodation booking and partnerships with post-admission service providers to offer value-added services to students.
Insights
- School has invested in startups like MVE Health, Wi Wealth, and Unicorn, showing a strategic focus on entrepreneurial ventures in the education sector.
- The significant growth in the study abroad industry in India, with Indian students spending $37 billion in 2019 and an expected increase to $70 billion by 2025, highlights a lucrative market opportunity that is being actively explored through partnerships and service offerings.
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Recent questions
What are some popular startups invested in by schools?
MVE Health, Wi Wealth, Unicorn
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Summary
00:00
Investing in Lucrative Markets: School's Startup Ventures
- School has invested in startups like MVE Health, Wi Wealth, and Unicorn in the past two years.
- Extensive research is being conducted to identify gaps in the market for Angel investments.
- Sharing resource materials to help investors and entrepreneurs identify market gaps.
- The study abroad industry in India is a lucrative market with significant growth.
- Indian students studying abroad spent $37 billion in 2019, expected to reach $70 billion in 2025.
- India 1, with 30 million households, has high consumption levels, offering a significant market opportunity.
- Understanding the consumption class can lead to identifying profitable market segments.
- India's higher education market sees 8.5 lakh students pursuing education in the US, UK, Australia, and Canada.
- Breakdown of student spending abroad reveals significant opportunities in the education sector.
- Opportunities in pre-admission, admission consulting, and housing expenses for students studying abroad.
14:25
"University Living: Early Accommodation Booking Solution"
- Early accommodation booking is crucial to avoid extra costs, with a company like University Living offering a solution. Founded in 2015, it partners with various student accommodation providers, offers virtual tours, guarantees accommodation within 48 hours, and acts as a guarantor for rent payment, resulting in increased student conversions.
- University Living has 30% market share globally in accommodation booking, with 15,000 properties and 2 million beds across 515 cities in top regions like the US, Canada, Europe, Australia, and the UK. They earn commissions from both students and accommodation partners.
- In the post-admission services sector, companies like One Vasco, Matrix, Jubil, Student Circus, Prosel, Easy Transfer, and Flywire provide services like visas, health insurance, job search, and Forex. University Living partners with these companies to offer value-added services to students, earning commissions in the process.
