SUPERNOVA

Supernova is building an AI based English learning tutor for 250M Indian kids.
PROPOSITION

🟡 95% of Indian kids can't afford to spend more than Rs. 5,000 per year on education outside of school.

🟡 65% of Indian kids go to government schools. Another 30% go to affordable private schools that charge around Rs. 15,000-Rs. 20,000 per year.

🟡 Till now, Indian ed-tech has built expensive products for the top 5%. Majority of Indian Students can't afford them.

🟡 Most ed-techs chase the same 5% kids and hence CAC end up being more than LTV, making the space capital inefficient.

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Supernova's AI Tutor, 'Nova' is a 24/7, Super Intelligent, Personal & Affordable tutor.

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🔆 Nova engages with students about their favourite topics, and provides 1:1 English learning, opportunity to extensively practice English speaking and a fun way to learning experientially. All this at an price point which is affordable for every student.

🔆 Supernova's AI tutor model allows them to scale English learning to students across India with an extremely high-quality learning experience, without needing to onboard and train teachers on the supply side.

category
VERTICAL AI
FOUNDED IN
2022
FuNDED IN
2024
FOUNDERS

Maharishi R B

Anirudh Coontoor

Nawin Krishna

cO-INVESTORS

Kae Capital

Lumikai Fund

All In Capital

AdvantEdge Founders

MISFITS THESIS

Insight driven strong team!

🔆 Anirudh (CTO) previously co-founded Myra Medicines, where Maharishi (CEO) joined as the first product hire. They scaled the business to $15M in GMV, and were acquired by Medlife.

🔆 Maharishi and Nawin (COO) met at IIT Madras, Nawin worked as a Product Manager at Swiggy, where he launched Instamart.

🔆 Over the past two years, the team has built a deep skillset in edtech and gamification. They have operated in an efficient and lean manner, burning just $250K over the course of 3 pivots out of their $1.1M fundraise before finalizing AI tutor for English speaking.

🔆 Team has strong understanding of their user base and has experimental mindset. Rishi is exceptional in his product thinking. They are building the business extremely thoughtfully.

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AI Tutors will change the way Kids learn

🔆 AI is making education accessible for masses. AI based super intelligent tutors become an empathetic & personalized coach which is not only affordable but also 24X7 available with the kid. This solves for major concerns in the current education system.

🔆 Supernova team is sharply focused on a single vertical (English Speaking) within the large education space. Their focus on single state (TN) allows them to solve regional language specific challenges & nuances before scaling the service to other states.

🔆 Supernova's thoughtful product has been well accepted in TN which clearly hints towards clear PMF in the first geography they launched.

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Amazing results from their first market launch

🔆 Supernova is at $1 mn ARR from just one state (TN) with a 20%+ MoM growth rate.

🔆 They have best-in-class engagement and retention rates (75% at M3).

🔆 High first purchase to CAC ratio (3:1).

🔆 Their insight driven product has been loved by their customers.

🔆 Only Indian Ed-Tech catering to middle India with a viable business model.

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Existing investors doubling down!

🔆 Supernova already have quality investors - Kae Capital, Lumikai, All-in, Advantedge, Good water etc.

🔆 Supernova has already achieved $1 mn ARR from a single state with clear PMF. This gave a lot of confidence to existing investors.

🔆 All investors are doubling down in this round with 2X to 3X of their previous investment.

🔆 At $15 mn pre-money valuation, the opportunity looks fairly priced given the high ARR and PMF.