
Avagmah Online School
avagmah is India's 1st college on cloud focused on offering Online Executive Education to working professionals in India..
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Early VC | ||
Total Funding | 000k |
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Avagmah Online School, operating under the legal entity Aeon Learning Private Limited, was a technology-driven education company based in Bengaluru, India, that provided managed services for universities and institutions to offer higher education programs online. The company was founded in 2013 by Karthik KS, a seasoned entrepreneur with extensive experience in the corporate training and e-learning industries. The founding team also included serial entrepreneurs Ganesh Krishnan and his wife Meena Ganesh, Sankar Bora, and Vikalp Jain. Karthik KS, an alumnus of the Indian School of Business and the National Institute of Technology, Kurukshetra, previously co-founded 24x7 Learning, an online learning implementation institute, which provided the foundation for Avagmah's launch.
Avagmah's business model centered on being a full-stack Online Program Manager (OPM), enabling universities to outsource the entire lifecycle of their online courses. This included digital marketing, student admissions, administrative processes, and the technological platform for course delivery. The company's proprietary Avagmah Technology Platform (ATP) was a key feature, offering a collaborative, application-based, and web-based solution for both universities and students. For students, who were primarily working professionals, the platform provided access to live virtual classroom sessions, downloadable video content, and a personalized study plan to balance education with their careers. A significant portion of its student base, 45-51%, came from Tier II and III cities, highlighting the platform's role in expanding access to education.
The company generated revenue by partnering with premier institutions and offering their degree and certification programs online to a broad audience. Its clientele included both universities, such as Pondicherry University, Bharathidasan University, and UCLA Extension, and corporate clients like Convergys, IBM, Pfizer, and TCS, who sponsored employee education. Over its lifespan, Avagmah raised approximately $4.49-$5 million in funding from notable investors including Kris Gopalakrishnan (Infosys co-founder), LionRock Capital, and Capital18. A significant milestone was the acquisition of Acadgild, an online platform for high-end tech skills, in 2017, which expanded its offerings. In June 2020, Avagmah was acquired by GetMyUni, a Times Internet-backed edtech startup, in an all-cash deal, marking its exit from the market.
Keywords: online program manager, OPM, edtech, higher education, distance learning, corporate training, university partnerships, student lifecycle management, e-learning platform, executive education, professional certification, digital marketing for education, GetMyUni, Aeon Learning, Karthik KS, Ganesh Krishnan, online MBA, skills development, virtual classroom, education technology India