Alumbloom[How this new startup is helping to bring alumni communities together in 2023]

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B2B, Digital services, indian startups, Internet, services, Social Netwotk, Social Tech, Software, Startups, startups in india Oct 25, 2023 0

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Alumbloom is a portal for alumni communities.

What is Alumbloom?

Alumbloom is a digital social media platform that is building a space for those whose profession it is to enable the alumnus community. The practitioner supporter is a space for each alumni coordinator to share their best practices, exchange notes and learnings, and network.

AlumBloom is a movement towards holistically integrating alumni into a lifestyle. It brings together educational institutions, industries, government, and the community at large, centering it around an alumni’s needs. It was founded by Ritu David in 2020.

Startup Alumbloom
Website alumbloom.com
Founded 2020
Headquarters Mumbai, India
Product Digital Platform
Revenue Model B2b

How did it start?

“Looking back at my journey as an alumnus or my journey in the university gives me an insight about how this is important” says Ritu.

She believes that there is a need to create a community as a solution to create an alumni experience so engaging and rewarding that everyone will turn to their alumni communities to meet professional, social, and entrepreneurial needs.

This will benefit the alumni current and future students, the institution, and other stakeholders like the government and the industry.

It was conceptualized during the lockdown when people were connecting through the online world. The founder believed that it was important to have a network to create a platform in which alumni could communicate.

This Bombay-based startup provides an experience and platform in which to contact each other, organize events, get funding for their entrepreneurial ideas, and many more. If an alumnus has an NGO then Alumbloom gives a lot of opportunities to fulfill the needs of the individual.

Quick Overview 

Alumbloom flyer

Features

● Detailed member profiles and advanced and dynamic member search.

● End-to-end encrypted individual and group text chat and video conferencing capabilities.

● A mentoring program.

● Jobs portal.

● Marketplace.

● Dynamic newsletter.

● Events.

● Video and photo gallery.

● Business portal.

Revenue Model

There are a lot of channels of revenue. First, is the paper model in which there are a lot of users which are subscription-based. Also, there is one-time payment-based revenue as well.

Sales Turnover

“That time right now we are building for the Australian government and after it’s done we will start building for other alumni group types of business,” says Ritu.

Alumbloom screenshot

Initial struggles

“Yes we had a lot of initial struggles because we were working remotely, there was a lockdown environment which caused a lot of difficulties,” says Ritu.

The pace of development was initially very slow, but the founder picked up the pace and started working towards development. Overall it’s been a good journey.

SWOT Analysis

The strength of the solo-founded company is the ideation and how innovative it is.

The very idea of alumni and students coming together to create a platform to help each other out and communicate is a great and unique idea that is very new in the market.

Weakness is that everyone has a different tech staff so there could be one of the weaknesses that there is a constant need for changing in the technological aspect.

There are a lot of opportunities because alumni groups are not only confined to schools and universities but they can also be the basis of companies, job opportunities, and government organizations.

Alumbloom swot

 

This gives a larger market for this female-founded startup to operate.

The threat is that there will be a lot of other opportunities like people confining themselves to social media so it can be a little threatening for this startup.

How successful is Alumbloom in reaching its goals?

“It is very difficult to see the success rate because we are still in the stage of building the product. However, we are very hopeful, in future that we will create an impact in the market and make some changes” says Ritu.

Once the product is in the market and the customers are sorted then the development is promised.

Funding

The solo-founded start-up is self-funded by the founder herself. The funding is still on the bootstrap level and as such there are no other investors contributing to this Bombay-based startup yet. The funding initially was one crore rupees.

Founder

Ritu David is the founder of this technology-based company. She has a background in designing and technology and she wanted to design something that she wanted to use to help people. She had her own company called The Data Duck.

More

What is alumbloom?

Alumbloom is a digital social media platform that is building a space for those whose profession it is to enable the alumnus community. The practitioner supporter is a space for each alumni coordinator to share their best practices, exchange notes and learnings, and network.

 

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