Utkrushta is a Skills Marketplace which helps customers learn a skill that helps them double their earnings and get onto a growth path.
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​ Utkrushta - find your own growth path
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🤝 Connect Demand & Supply: As a marketplace it performs the function of connecting demand (any one who wants to learn a skill) and supply (institutes who can teach that skill via courses)
📝 Skilling: Provides a platform for institutes to validate and repeat skill practice for their students (think Duolingo meets Classplus). Measuring the skill and helping institutes track progress
👩🏼‍💻 Jobs: Eventually the core JTBD is to help customers get on to a growth path in a career of their choice. Notifications for job openings related to their skills for customers. Utkrushta will also act as a database of candidates for employers to choose from.
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Utkrushta is presently at an early PMF stage.
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It has achieved some success in building a lead generate engine for institutes and earns a 10% commission upon every successful admit via Utkrushta. It also earns a commission from employers to whom it opens up it's roster of students who have a high skill score.
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Utkrushta intends to power the next chapter in its growth with the help of hybrid events like Skills Fairs.​
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Product | Litmus Test | Metric | Value | Notes |
---|---|---|---|---|
Candidate Database | Pricing | Product Volume | High | Contains records of upto 10K candidates per city |
​ | ​ | ARPU | High | Sold to employers having 100-10000 employee count |
​ | Billing Process | Sales Cycle | 3-4 Weeks | Has been repeated only a few times till now. |
​ | Sales Metrics | Average Order Value | ₹50,000 | ​ |
​ | ​ | ​ | ​ | ​ |
Skill Tests | Pricing | Product Volume | High | Test series are supplementary to courses. |
​ | ​ | ARPU | Low | ​ |
Billing Process | Sales Cycle | Instant | Bought | |
​ | Sales Metrics | Average Order Value | ₹ 99 | Tests help increase your profile, attract more jobs and demonstrate street cred |
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Utkrushta is at early PMF stage. We want to solve for new user discovery as well as education.
Writing a simple growth equation.
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For R1 and R2 we want to maximize customers who are looking to upskill.
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Even for R3, eventually the success of R3 also depends upon the quality and quantity of candidate database we provide. Because of that even for AOV to increase in R3, we need candidates to increase.
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Utkrushta's customers are a healthy mix of Problem unaware and Solution unaware.
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