Fastudent Launches India’s First B2B2C Platform For Education Supplies
The company launched Customized Virtual shops / Brand e-stores for Over 200 Institutes across Delhi & NCR
New Delhi, August 02’ 2016: Fastudent.com, India’s leading online platform for education supplies, is now India’s first and only B2B2C DIY education e-commerce platform. It has partnered with more than 200 education institutes to help them create their own customized virtual shops – using the Fastudent exclusive technology platform.
Branded e-stores for education institutes are activated in less than 48 hours on the Fastudent proprietary platform. The education focused e-commerce platform facilitates the academic buying of each student of an institute with pre-populated product catalogue and Predefined vendor tie-ups. This helps eliminate the hassles every stake holder in the education supply chain goes through.
Our estimates peg the annual spend for academic needs by students at approx Rs. 2 Cr per institute in urban areas. This evolution in Education supplies market enables the educational institute to facilitate these supplies in desired quality and quantity for their students, without spending precious time or dealing with haphazard local supplies markets. The curated and endorsed catalogue of each institute empowers their students with the right means to quality education and better access to their classroom requirements.
Gaurav Barman, Founder & CEO, Fastudent , emphasizes, “This unique product has been built to evolve into a robust and responsive offering, which can be easily customised by the institute to take the shape of its needs using D-I-Y features. The technology being developed is both flexible and scalable, to service the large market demand, yet be personalized for every institute. We have taken the best of the SAAS eCommerce platforms and have gone a step ahead to combine it with the complete end to end marketplace offerings. We have invested more than 50,000 man hours in building this technology which is currently in its beta stage.”
It is now the only company to offer marquee names like Ramagya , Kidzee , Bharat Ram Global and much more , an opportunity to ‘OWN’ their stores online. With this new development, students can now simply order their school recommended academic requirements from the convenience of their digital devices, on their laptops and mobiles. Each e-store is customized and approved by the education institute to offer its students a never-seen-before range of products, specially curated to suit the institute’s curriculum.
Geetanjali Khanna, Founder & COO, Fastudent stated, “Fastudent facilitates school vendor tie-ups, integration, inventory management, delivery and fulfillment to ensure quick and convenient access to essential education supplies and to accessories which have been imparted in the education system as value added learning elements required for extracurricular cases.”
She further added, “This unique proprietary platform has evolved out of the pain points of our customers and is focused on the Indian education system and its shortcomings. This model is not a copy-paste of any global model, it’s a genesis to solve the rudimentary problems within the academic supplies market in India. Our Partner institutes are benefiting from the flexibility of the solution and the wide variety of product portfolio available at Fastudent”
Clocking 100% M-O-M growth with the largest educational supplies portfolio spanning 500 brands and 1,00,000 academic products, Fastudent services an unprecedented range of academic supplies ranging across 32 categories including Digital Learning, Branded Merchandise, Augmented Reality, Sports Goods, Uniforms, Shoes, Books ,Stationery and more. With a dedicated consumer base of 1.2 million students , Fastudent has serviced more than 90,000 orders till date.
The robust technology D-I-Y platform has swiftly on-boarded 200 schools across Delhi NCR . They are in the process of expanding rapidly with an objective to be present in 3 cities and onboarding 1000 schools by the beginning of next year.
Fastudent is one stop shop for all the academic needs of a student. It is a niche platform which services the students’ community all the way from Play Group to Post Graduation (PG to PG). It aspires to bring the highest quality international education products to every student in India.
The young and ambitious brand is on a mission that they define as ‘Zoom Ahead’. They believe the gap between Indian dream of Ivy league Education for all students and the access to much-needed world class educational products is huge. Bridging this gap can definitely help India zoom ahead of the curve and establish itself even higher on the intellectual capital index. The platform intends to service the education fraternity like never before by moving into categories untouched by online retail so far. Their current portfolio includes product ranges from Books, Stationery, Branded Merchandise, Uniforms And Shoes, Digital Learning, Sports Goods, Art & Craft, And Electronics.