DABSLEK is an ed-tech platform offering a holistic solution to a million plus college graduates passing out every year. The students get trained on in-demand skills through the personalized learning platform and pay only after getting a job. While the employers are able to access pre-vetted talent through data driven matching algorithms.
Current Status
DABSLEK is in the process of making collaborations with Corporates and Colleges right now.
Market
Considering the innovative idea we possess, we aim to provide 100% placement to job aspirants. Business potential of this market is exceptionally high and the students all over the India are our potential targets.
Problem or Opportunity
On one hand, job aspirants lack guidance and practical knowledge and On the other hand Companies lack access to skilled talented Human resources. The job aspirants look for high quality affordable training which can help them find high paying jobs. The companies look for disciplined candidates with the right aptitude and attitude.
Solution (product or service)
DABSLEK in-house placement team is dedicated to career development of job aspirants and works with some of the notch companies in the India to provide them with trained candidates. The job aspirants will be given six months (30 weeks) of training and practical knowledge by highly experienced instructors. In addition to this, DABSLEK will also focus on soft skills, building digital profile and portfolio, practicing interviews and salary negotiation
Competitors
Key Competitors: - Newton School (Started in Oct'19, Students pass-out - 200) - Masai School (Started in Apr'19, Students pass-out - 250)
We are building DABSLEK with a platform oriented approach, students get onboarded through product with a lot of key value props as free and from there selective students are enrolled in job oriented programs.
● Free content & micro courses in latest tech stacks.
● Open access to the community for learners to connect, get career guidance and source referrals at free of cost.
● Personalized Learning Platform to cater to individual learning needs.
Finance
Revenue will majorly flow from the following stream of sources:
1. Revenue from employers through Direct Staffing : 6-8% or more on the package
2. Revenue from employers through Trained staffing : 6-8% or more on the package
3. Revenue from Students through Trained staffing : 15% on package for 36 months
Major expenditure will be towards Trainers, Recruiters, BDMs, Advertisement and Marketing.
Business model
We have a 3 way business/revenue model
1. Program Fee from Student’s: ● Prepaid Fee Plan: Students pay at the time of joining the program. ● Postpaid Fee Plan: Student pays after getting the job. In a postpaid plan, we charge double the fee.
2. Talent Sourcing Fee from Employers
3. Revenue will majorly flow from the following stream of sources:
Revenue from employers through Direct Staffing : 8-12% or more on the package
Revenue from employers through Trained staffing : 6-8% or more on the package
Revenue from Students through Trained staffing : 15% on package for 36 months
Money will be spent on
1.Team 35% - Top Educators, Recruiters, Corporate Partnerships Team.
2.Tech & Product 30% - Practice & Evaluation Platform
3.Content 20% - Free content for Module-1, Free micro courses in latest tech stacks.
4.Marketing 15% - Campus Reachout, Community Building, Social Media Marketing etc.
This business is viable because there is a mismatch in the demand of tech professionals and the quality of graduates who pass out of colleges are not work ready. Below are the key skills