At uFaber opportunities are endless. In this fast growing online education industry, entrepreneurs and franchisees are attaining swift success. Rasesh Seth, Head – Strategy & Growth, uFaber share the growth & franchise expansion of his Brand in India.
Q1. Elaborate about the journey of your brand uFaber Edutech Pvt. Ltd?
uFaber Edutech was founded in 2013 by two fellow IITians who have over 10 years of experience in the field of Education. The Company was formed with a simple motive to make quality online education accessible to each and every individual across the country. The Company not only aims at developing courses for entrance exams but also focuses on the relevant skills required in the market to get employed. Over the years, the Company has been funded by investors to foster its growth. We currently have over 10,000 students across the country and are looking to hit 100,000 students in the next three months. We also aim at adding new courses every week to increase the depth of our course library, which in turn gives Franchisees an opportunity to attract more and more students every week.
Q2. What all courses are offered by you?
uFaber has an array of courses covering entrance exams, skill development and languages. Courses are added on a weekly basis into our course library. Some of the courses that we currently offer are:
Entrance Exam:
Bank PO
UPSC
IIT – JEE
GATE
CA (CPT)
CFA (Level 1)
IELTS
Skill Development
Android Development
Big Data & Hadoop
Data Analytics
Digital Marketing
Amazon Trained E-Commerce Specialist (ATES)
Advanced MS Excel, Word & Powerpoint
Diploma in Teacher Training
Languages
Perfect English Speaking
Q3. What is the USP of your institute??
One to one teaching,
Tailored Curriculum,
Customised Pricing,
Relevant Pedagogy,
Access to industry experts,
Access to expert counselors for each course.
Q4. What are your expansion plans??
We plan to partner with over 100 knowledge distributers across the country to make online education accessible to students.
We also plan to tie up with several companies to educate and train their employees on essential skills required to perform better at the work place.
Q5. What kind of training and support do you provide to your franchisees?
We provide the Franchisees with in depth training on each course of ours. The Franchisee will also get continuous access to counselors from each course to solve any queries they or their students have. The training would be provided on the following topics:
- About uFaber
- About the Course
- Our Pedagogy
- Our Delivery Methodology
- Access to Mentors
- Access to Counselors
- Payment Options
- Post completion certification and placement opportunities.
The training would be done over a period of one week.
Q6. How many centres do you presently have? How many among them are franchisee run?
We currently have over 15 centres, out of which 10 are franchisee run.
Q7. With so many coaching centers coming up, is this sector becoming competitive?
This sector is only competitive when it comes to offline coaching classes. Online coaching is the way forward and uFaber is pioneering in providing online coaching in offline centres. It is a more cost effective and efficient way to learn, and has been proven by both results as well as research.
Q8. Where do you see your business five years down the line?
We see ourselves as a Company with the largest online course content by offering over 1000 courses aiming at educating people all over the world.
We also aim at expanding our franchise network to countries across the world.
Q9. Please share the franchise facts of uFaber Edutech Pvt. Ltd
with us.
- Total Investment: Gold Plan – INR 500000, Silver Plan – INR 300000
- Area Required: 500 sq.ft – 1500 sq.ft.
- Royalty:
- Margin: 50-70%
- Payback period – 6 Months