Edtech firm Schoolnet aims Rs 6,000 cr revenue in next 5-7 years

Edtech firm Schoolnet aims to grow multifold to generate Rs 6,000 crore in the next 5-7 years from expansion of services in schools and subscriber growth on its learning app. The 25-year old firm provides digital classrooms to around 40,000 schools at present, along with digital learning content and trains teachers, Schoolnet head of strategy Arindam Ghosh said. The company claims to have reached a revenue of Rs 800 crore before the COVID-19 outbreak, but it came down due to the closing of schools during the lockdown. Ghosh said the company expects to close the current financial year with a consolidated number of around Rs 400 - 450 crore if all goes well. "There was an impact on the overall revenue during the Covid times, but we have maintained profitability even in this current year. We would be maintaining that. In long term, we are looking at revenue of Rs 6,000 crore over a 57-year horizon for which significant augmentation of resources will be required," he said. The company

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