Flex Class Is Now The Most Valuable Online Education StartupFlex Class is now the most valuable online education startup. The valuation has surpassed US $11 billion on the OTC Premarkets.
By: Flex Class Holdings "The uniqueness of the content was always there, we kept our content original and interactive. We still believe in the instructor based online tutoring model instead of readymade content dumping," said Dev Mishra, Head of Content Development at Flex Class. Anurag Vaid, the founder of Flex Class never imagined that what started as a simple startup will transform itself into a US $11 billion (INR 71,550 crore) worth startup. The revenues jumped from US $1.2 million to US $225 million. The stock of the company has grown several folds on the OTC Premarkets. The core reason of steady growth in the valuation is due to the limited supply of shares. The company is extremely stable and has never burnt any cash since inception. The founder has always hired best professional management and has very limited or no role to play. Flex Class today has over 5 million students from around the world. Flex Class is a contractor to the several emerging economies and provides content directly to the students. So how has Flex Class grown so large? The simple answer is "Cashbacks". Flex Class till today provides 90-100% cashbacks to its students. "We operate on a minimum gross margin, we are working on reducing cashbacks and introducing other profitable courses. We are dedicated towards contributing towards society and we will begin providing US $250 million worth of courses free to the students," said Anurag Vaid. The company is planning to expand in India and Bangladesh and the officials of India will be on visit to both the countries. "India is a top growth priority for us. Under the leadership of Narendra Modi, India has witnessed mega internet boom. Reliance Industries made a fantastic move of launching Jio mobile network which took market by surprise. The data has become so cheap and Jio under the dynamic leadership of Akash Ambani is continuing its vision of connecting India through economical data," said Megan Nia, Marketing Head of Flex Class. Flex Class in November next month will launch its own US $35 million Initial Coin Offering (ICO), the world's first underwritten ICO. The coin will trade on the OTC Premarkets and will be in very limited supply to the retail investors. The company which has avoided Pre-Sale of coins may witness exponential growth in the value of coin. http://www.flexprimemba.com End
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