Gisul is a startup that is changing and reinventing the traditional education system.
What is Gisul?
Gisul is an EdTech company founded in 2020 during the COVID-19 pandemic. The primary focus of Gisul is to upskill individuals particularly engineering and tech graduates, whose skills may not be sufficient for securing jobs due to outdated curricula in schools and colleges.
The aim is to bridge this gap by providing training in new-generation technologies such as AI, data analytics, big data, and cloud computing. This platform’s mission is to help individuals learn these modern skills, thereby improving their employability and salary prospects.
This EdTech startup’s mission is to upskill 1 million learners over the next decade. In the past four years, the company has successfully upskilled over 200,000 individuals.
The upskilling provider envisions working with niche technologies and spreading this knowledge globally, helping individuals and organizations stay ahead in the rapidly evolving tech landscape.
| Startup | Gisul |
| Website | gisul.co.in |
| Founded | 2020 |
| Headquarters | Bengaluru, India |
| Products | Professional Training and Coaching |
| Revenue Model | B2B |
How did Gisul start?
The inspiration for Gisul came from the founder Sahil Goyal’s vast experience in the engineering field, working with various companies worldwide. During consulting projects, Mr. Goyal observed a significant lack of technical skills among professionals, even those with advanced degrees.
This gap in skills motivated the founder to create a platform that not only provides training but also acts as a bridge during project implementations, ensuring that teams are adequately trained to handle projects independently.
Gisul Quick Overview
Growth
The Bengaluru-based organization has shown remarkable growth since its inception. The company is growing at a rate of 50% year-on-year. From its initial days, when it started small, Gisul has now launched several new products and initiatives. The future looks bright, with new launches planned for the next quarter.
Area of operations
Based in Bengaluru, operates from its headquarters in India. The company has recently expanded its offices to Dubai. As per Mr.Goyal, they have plans to open new offices in Southeast Asia, starting with Singapore, by early next year.
Target Audience
The skills development company primarily targets corporates and individuals looking to upskill in the tech area. The focus is on bridging the gap between non-tech individuals and the tech sector.
Gisul’s primary market is India, given its large population and the vast potential for upskilling. The company also works with various organizations in the US and the Middle East, aiming to grow its footprint in these regions.
Team
Building the team at the company founders had to face challenges, especially as a startup. Convincing potential employees to join a new venture and ensuring performance metrics for a remote team were significant hurdles.
Additionally, the COVID-19 pandemic posed unique challenges, such as moonlighting and great resignation. However, the organization overcame these challenges and continues to grow its team globally.
Market penetration
Entering the market was challenging, especially starting during the peak of the COVID-19 pandemic. However, Gisul’s powerful solutions and excellent customer outreach helped it carve a niche for itself.
The market was receptive to the advanced tech offerings, and the company did not face significant obstacles, because of its dedicated team and partners.
Business and Revenue Model
The Bootstrap company operates on a B2B model, partnering with corporates, universities, and schools to upskill their employees and students. The company plans to enter the B2C space soon, allowing individuals to subscribe to the courses directly.
Currently, the firm generates a yearly revenue of half a million USD and aims to reach one million USD by the end of the financial year.
Competition in the market
This tech education firm faces competition from several EdTech companies, particularly in the B2C sector. Competitors include Great Learning and upGrad, both of which are heavily funded by foreign investors. However, Gisul differentiates itself with its deep technological expertise and quality solutions.
Expansion Plans
This professional training startup has ambitious expansion plans. The company recently opened an office in Dubai and plans to expand to Southeast Asia, starting with Singapore, by early next year.
In the next five years, Gisul aims to work closely with the Government of India on skill development programs and invest heavily in CSR activities to give back to society.
SWOT Analysis
Strengths: The founders are tech-savvy with a deep understanding of technology. This expertise sets Gisul apart from other EdTech companies.
Weaknesses: Initially, as a bootstrapped company, Gisul faced challenges in hiring niche talent and convincing potential employees of its stability.
Opportunities: The EdTech sector in India has immense potential, given the large population and the need for upskilling. Gisul is also exploring opportunities in the US and Middle East markets.
Threats: The market is consolidating with the entry of foreign players and platforms like YouTube offering tech courses, posing a threat to other EdTech companies.
Gisul Funding
The digital learning startup was founded with an initial capital of 1 million INR. To date, the company remains completely bootstrapped and has not raised any external funding. Despite this, Gisul has managed to sustain and achieve steep growth over the past four years, with the support of a solid sales team and robust product.
Gisul Founders
The founder Mr. Sahil Goyal comes with over a decade of experience in the tech sector, having worked with companies like Deloitte, R.H.B. Bank, and several retail outlets in Africa and Europe.
As a data engineer by profession, he has a deep understanding of technology and has played a pivotal role in building upskilling solutions for various corporates. Shweta, the co-founder and operations director, brings over two decades of experience in managing teams and operations in the BFSI sector.
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What is Gisul and what exactly they do?
Gisul is and edtech platform reinventing education by upskilling individuals with the latest technological skills.