pace2race Educare | Read Startups

pace2race Educare



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Website : www.pace2race.com

Founders :

Prabhat Mittal

Prabhat is a Chartered Accountant and MBA from ISB

He joined Citibank in Mumbai after completing his CA in and then moved on to Standard Chartered Bank. He has more than 8 years of work experience in areas of Risk Management and Business Planning.

Kavita Goyal

Kavita Goyal is Chartered Accountant.
She joined Deloitte post her CA and worked across their Delhi, Mumbai and Hyderabad offices for 5 years. She has worked for clients like LG, HDFC Bank and Satyam Computers and has extensive experience in audit and assurance.

Founded : 0

Description :

Pace2race started as a brick and mortar coaching institute for CA students and In short span of one year we have touched upon students across all levels of CA (i.e. CPT, IPC and Final). We started with a aim to provide quality coaching to CA students at a economical price and to help them throughout their CA journey.

During our course of journey we realized that with a physical model it is really difficult to reach masses and help students across the country. It was then we decided to stop giving physical classes and focus completely on online video classes.

Biggest challenges in online video classes are:
1. Convincing students to pay for the classes as online education is not at all a preferred model in India.
2. Another big issue is piracy, as it is easy to record the online material.
3. Students face problems in clarifying their queries.

To rule first two challenges we decided to give all our material for free. Free material will help in immediate adoption (which we are already witnessing) and build trust for future in us as well as other online coaching providers. We do not plan to monetize our platform in near future by any ways other than advertising. In the long run we will work out premium memberships to combine different types of exercises with the video tutorials.

For the third problem we have created a discussion forum where students can ask their queries and our faculty can answer them directly their.

Idea for pace2race came during my MBA at ISB in 2011. My younger sister is a CA final student and she had to take coaching classes for the same and while discussing with here I realized that cost of coaching has gone beyond the roof. On an average students pay INR 15 to 20 thousand for one subject and that too in a class of 500+ in an auditorium. Seeing this scenario, I realized there is a need of cost effective and quality coaching classes.

We formally launched our first batch in September 2012.

Current Rating : 0.0

Products :

Free video tutorials for finance courses

Funding :

Till now we have invested in the venture by raising funds from family and friends as we wanted to prove the concept to ourselves. Now since we have formed a business structure and things are in place, we are looking to raise funds for next level of growth. Though it was easy to convince friends and family for funds as they trusted on us more than the idea, it is rather difficult to convince other people as there is no revenue model in near future.

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