A Real-time Support For Raising Children
On the company’s relevance a decade from now: There are more than 500 million parents in India and they are looking for a real-time support to raise their children. Parentune aims to be the must-have support for each parent; a game-changer for each child’s development; to empower a significant positive shift and transform the quality of child development.
On the future of the business: Parentune’s revenue has grown 5X year-on-year. We have broken even and are expecting to have 100 million monthly sessions and Rs 100 crore revenue by FY2020-21.
On the importance of AI and blockchain to the business: Tech being at the core, we leverage technology big time by curating innovative and easy to use solutions for parents powered by cutting edge technology.Using data analytics and AI, we harness the existing knowledge and experiences shared by parents and experts.
On direct and indirect wealth creation: Firstly, the size of this market is the product of the total number of parents (550-600 million) in India and their average spend every year. This industry is around $200-210 billion in India alone, but is highly fragmented with multiple segments. So, the wealth we are creating is essentially an online equivalent of that which would sit pretty at around 30-40 billion dollars in the coming three to four years and I think that would also start creating a clear vertical which is $30-40 billion in India.
On employment opportunities: I think the employment opportunities are increasing. It is just that a whole lot of different opportunities are coming along. Taking the example of technologies such as machine learning, deep learning or blockchain now, there is a lot of demand for these skill sets.
