Snapask, an on-demand tutoring app, announced today that it has raised $35 million in Series B funding.Earmarked for the startup's expansion in Southeast Asia, the round was led by Asia Partners . Katherine Cheung is the Chief Marketing Officer of Snapask, a leading online education platform that helps to maximize study efficiency with personalized learning experience. I am still lost, not knowing what to do with my life. Today, Snapask connects students with questions and answers from qualified local tutors, for their homework, studies and exam prep. 3. . 1.. Going from your B to C rounds is going beyond proving your business model, to being able to replicate your model in multiple markets. - Sales growth MoM more than 40%. CoLearn started its offline in business in 2018, before shifting to a hybrid model. Strategy - Creative Campaign HelloToby positioned themselves as the ultimate gateway for all sort of services that you can imagine. Interested? How to Make an App Like Snapask + Create an app like Snapask + Create an alternative app like Snapask. By offering effective learning solutions tailored to children and youths' varied study habits at all stages of education, these apps can improve the knowledge . Sign up on websites [] . Our three guiding principles are: speed, quality, and accessibility. Hong Kong-based SnapAsk is one of the latest startups bringing tutors into the digital age. Hailed by some as the "Uber for homework," Snapask provides instant on-demand academic support, made possible by a team of verified tutors. Snapask, an on-demand tutoring app, announced today that it has raised $35 million in Series B funding.Earmarked for the startup's expansion in Southeast Asia, the round was led by Asia Partners and Intervest. At maximum capacity, each tutor can serve up to 100 students. Snapask Service Snapask Service provides an online academic tutoring platform accessible through the Mobile Application and the Website, on which Student User is permitted to post questions in relation to his academic studies at any time, and Tutor may at his discretion provide answers and/or solutions to any questions posted. sexual harassment, discrimination, etc. . February 26, 2020, 11:20 AM. Bespoke Enterprise Development. OCBC Booster: 3.25% per annum. He is based in Indonesia and is a board member of Glints, ELSA, Finaxar, and Intelligent Video Solutions. The Snapask Service provides an online academic tutoring platform accessible through the Mobile Application and the Website, on which Student User is permitted to post questions in relation to his academic studies at any time, and Tutor may at his discretion provide answers and/or solutions to any questions posted. For UK business coach and turnaround specialist Peter Ryding, successful entrepreneurs are predominantly born that way. Are you in the education industry and want to develop an on-demand tutoring app? Over 90% of my past experiences were working in the newly-formed business units as a developer or product manager with a mission to build new products and services that can bring additional revenue streams and contribute to the company's growth. Essentially, it acts as an instant-tutoring service that helps over 350,000 students in the Hong Kong region. Even if decisions are not made with a solid ground, put your whole heart in, leave no stones unturned. In this way, How can I make money online tutoring? Dec 2020 - Present1 year 7 months. When Timothy Yu and Katherine Cheung, Snapask's CEO and Chief Marketing Officer, respectively, decided to enter the Indonesian market, they knew that this wouldn't be a snap. Instead, those companies launched on WeChat, attracting users with rich content that integrates with the payment model within WeChat itself. Snapask is the tutor in your pocket. This business model seemed to work and since then, he has refined the approach to what it is today a virtual tutoring platform. Mr Bradley Chiang, co-founder of Hong Kong start-up Snapask, said he hopes that the accelerator programme will help him build a business model for global expansion. This app is said to address the questions and problems asked by its users within 15 seconds. Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. Snapask - Tutoring at your fingertips Uber, despite the toxic culture it purported to have extolled, and bad behavior that for a long time went unchecked (e.g. Bespoke software development is an approach wherein solutions and custom packages are designed and developed to fit your commercial enterprise needs. Here's a detailed analysis of top Business Models in rebrand.ly/mgxlmod Get these reports of any geography delivered to your mailbox for free! Senior Product Manager at Snapask . Concurrently, traffic for Hahow's enterprise-level courses "Hahow for Business" grew by 200%, while the average time spent on these courses more than doubled. Snapask is dubbed as the "Uber for tutoring," as students can instantly connect with qualified tutors to receive on-demand academic support around the clock Connect with Timothy Yu: Crunchbase LinkedIn However, it takes a truly successful startup business model to take off and make an impact. transforming products to a profitable business model. Mobile Archives Site News. Snapask Inc, a Hong Kong-based operator of online learning website and mobile app that offers tutoring services to students across the region, is one beneficiary of the rare opportunities brought . Snapask. Founded in 2015, Snapask has raised $21.8 million in funding to develop an app to connect students with university tutors for one-on-one coaching sessions.Students snap a picture of the problem in question, write a few words about where they need the help, and the platform's algorithm connects them to the most appropriate tutor (typically a university student) in a few seconds. Check Demo!!! Snapask works as a mobile crowdsourcing platform that involves artificial intelligence and allows students to connect to tutors and receive instant one-on-one academic support. . executive decision-making, as well as discussion about the future of . Snapask charges users per question asked - starting at HK$10 (US$1.29) for a single question, or HK$300 (US$38.60) for a bundle of 50 questions to be used at will. Snapask was established in 2015. But if I've learnt one thing from my last years is this: Be yourself and be courageous. Snapask has garnered strong support from high school student, and is now serving over 2,000,000 students across Hong Kong, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand. Launched in Hong Kong five years ago, Snapask has now raised a total of $50 million and operates in Hong Kong, Taiwan, Malaysia, Indonesia, Thailand, Japan and South Korea. It pairs students with tutors for question and answer sessions. The Snapask game sees players perform tasks that test their knowledge in exchange for nutrients to help grow virtual plants. Snapask. From a business standpoint, companies need to re-examine their strategies to accommodate the shifts in consumer behaviors. Burson Cohn & Wolfe (BCW) is the world's third largest, full-service, global communications agency. - To provide an opportunity for students to explore and discuss consumer behaviour to understand how a successful business model that works in one country can be . China Tech - Top Business Models Report Recent Funding Rounds WM Motor (2015, Shanghai) $1.5B - Series D - Sep 2020 ENOVATE (2018, Shanghai) $744M - Series B - Oct 2020 Leap Motor (2015, Hangzhou) $694M - Series C - Aug 2021 Leap Motor (2015, Hangzhou) $664M - Series B - Jan 2021 AIWAYS (2017, Shanghai) $476K - Series D - May 2021 AIWAYS (2017 . Subscribe . Under the Snapask model, students upload a question or photo of their problem to the app, before algorithms identify and alert the most appropriately qualified local tutors. It's clear that this lucrative industry is deeply ingrained in Asia's culture - but it's now being disrupted by Snapask. Snapask - Hong Kong's on-demand learning pioneer Snapask is a mobile app that aims to create a new platform through which students could receive more affordable, better quality and more personalised education support. 4.1 For the sake of facilitating us to provide services to you as well as the above purposes, only after obtaining your consent when signing up , may your information and data collected and obtained by Snapask (Holdings) Inc. be used by, shared to and retained by all its subsidiaries, related and/or associated companies("Group"), which may . Source: Snapask website Financials Revenue model Snapask has three revenue streams, gleaned from research of some of its earliest markets. modern day; the original business plan used to launch Shortwork LLC, an online tutoring. Each NFT is a rare species, from Pachypodium (a spiny succulent) to agave and six of the 10 with cosmic names like Infinity , Gravity and Time sold during launch month. This form of a savings account slowly builds up on your existing deposit amount - to give you anywhere from 3% to 5% in interest each year. Snapask takes key components of social media services and brings them into the world of academic tutoring, reports Tech in Asia . Some achievements I have achieved: - Drive CPI under 0.2 $. Are you in the education industry and want to develop an on-demand tutoring app? Rob Price / Business Insider: Carsome, Southeast Asia's largest integrated car e-commerce platform, recently completed its Series D fundraising. Ng Yi Ying, Co-Founder at AllSome The Snapask learning journey starts with providing a safe and convenient environment for students to quench their curiosity. At her leisure time, Katherine enjoys writing and has contributed articles to Fortune Insight. "Google Search Ranking 2018 (HK - Digital & Gadgets)" in just a year through SEO, Paid Ads & marketing skills. July 26th, 2017, 5:55 PM PDT. Mr. Bean pointed out that in the past Chinese companies raised money to spend it on marketing, whereas U.S. companies spend it on hiring great engineers. Katherine Cheung, Chief Marketing Officer of on-demand online tutoring platform Snapask, will share on how recent social distancing measures have unleashed opportunities for the Hong Kong-based start-up in both local and . Read about the revenue generation methods and business model to use for your Postmates clone app. Snapask is a Hong Kong-based education technology company that offers tutoring services to students. Timothy Yu is the co-founder and CEO of Snapask, a Hong Kong-based edtech company that offers online tutorial services. In mid-May, the number of COVID cases spiked in Taiwan. "I would say the simple answer is 70% born, 10% nurture, and 20% trainable," he says. About _ Story Founded in 2015, Snapask is an education technology company that applies machine learning and mobile cloud services to make education more effective, personalized, and accessible to everyone. The business model is based on a monthly subscription where students can ask either 30 or 50 questions by purchasing credits. Subscribe to Our Newsletter. Snapask was founded by Timothy Yu in January of 2015. While some product improvements will increase benefits and secure existing customers, other product decisions will introduce new values and seduce new . But like the famous ride-hailing platform, it has been . The founding team of 1st digital telecom brand-Birdie ( A subsidiary of SmarTone Holdings Limited ). . Subscribe to Our Newsletter. . - Registration growth MoM more than 50%. . Students can now snap a picture of the question at hand and receive assistance from locally-sourced tutors within 10 seconds. "I guess people relate us because we provide the same kind of convenience for users," founder and CEO Timothy Yu said of the characterization.. Prior to Monk's Hill Ventures, he was a Venture Partner at GSR Ventures in China. This mobile app lets students receive instant, online, one-on-one academic support from our team of tutors. ), has left an indelible dent in the world, through incredible innovation that put it in a special group of companies whose brands have become . It was worth the time and resources because the transformative expansion established Snapask as an education total solution provider and ultimately forged a new subscription business model. Read more about How this Hong Kong startup is helping students solve homework woes on Business Standard. - Drive CPA under 0.3 $. Business opportunities are also arising for start-ups in fields such as fintech, smart city and education technology. Taiwanese online learning startups Hahow, VoiceTube and Snapask flourish during Pandemic. "We knew we needed, a smart, scalable solution, and with AWS, we . 2.. One-stop content and live tutoring support app helping students in Asia . When on-demand education app Snapask emerged on the scene in 2015, it was quickly dubbed the "Uber" for tutoring. Hong Kong. Tutors receive HK$4 (US$0.51) for. Snapask, an on-demand tutoring app, announced today that it has raised $35 million in Series B funding.Earmarked for the startup's expansion in Southeast Asia, the round was led by Asia Partners . Bringing the Uber Model to Online Tutoring. It now serves over 3 million students worldwide. Typically, we launch Snapask to a new country within a 9-12 months time frame, which consist of 3 months research & preparation stage, and 6-9 months of brand development and awareness build-up, until we can validate the localised business model with the right product-market fit. Y.-L. Lee, and J.-Y. . Business Standard has always strived hard to provide up-to-date information and commentary on developments . The pre-series A startup has raised US$5 million and . *drum roll*. At Snapask, Katherine owns the P&L, covering all the performance marketing for more than 8 regions across Asia. The reason for this ratio is that Snapask wants to maintain the quality of education it provides. Pay a monthly fee of HK$98, HK$368 or HK$ 588 to get your 10, 40 or an infinite number of questions answered. The quickest tutor to. Study SOS -Study Online Studio- CONTENTS 1 | Introduction 3 | Business Model 5 | Implementation Strategy 2 The public can register for free at https://hktdc.hermeslive . company, in the Spring of 2018; and a post-operative analysis of its business model and. Snapask, an on-demand tutoring app, announced today that it has raised $35 million in Series B funding.Earmarked for the startup's expansion in Southeast Asia, the round was led by Asia Partners and Intervest. Be kind with all might. Have a burning question that just can't wait? In this way, How can I make money online tutoring? This app is said to address the questions and problems asked by its users within 15 seconds. Inspired by Uber's business model, I founded Snapask to match students with on-demand tutors," he said. With Snapask, students connect with tutors to receive on-demand, academic support. We are leading the way in digital and integrated communications across consumer, healthcare and technology sectors, while we continue delivering unparalleled service in public affairs, corporate reputation, and crisis management, benefiting from our heritage in these areas. A place to have their questions resolved. The pre-series A startup has raised US$5 million and. A simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Snapask, the Hong Kong-based one-stop online learning platform launched the "Planet of the Plants" project, an Ethereum-based Metaverse with NFTs First, in the token model, students will purchase per-question credits. Launched in Hong Kong five years ago, Snapask has now raised a total of $50 million and operates in Hong Kong, Taiwan, Malaysia, Indonesia, Thailand, Japan and South Korea. The company announced today it has raised $10 million in Series A funding co-led by . Manage all marketing channels included online and offline. Rise up above your competitors with precise applications made to fit your enterprise model and enhance commercial enterprise productiveness. In her recent book "49+1 . The best savings account in Malaysia are. Futurist addresses post-COVID-19 issues at E-Day online platform . For many companies, this means that they need to create new and engaging content for their users, keeping in mind the new and fast-shifting regulations. Maybank2u Savers: 2% per annum. Snapask started with our Question & Answer (Q&A) platform, which lets students get instant homework help from our tutors. Similarly, Snapask, an on-demand tutoring app, has acquired 1.3 . Snapask. Certified Member. Image Credit: TechNode . Hailed by some as the "Uber for homework," Snapask provides instant on-demand academic support, made possible by a team of verified tutors. Snapask is based on a monthly subscription model or a pay-per-use model with quotas on the number of queries. Key accomplishments: Rocketed the brand name to the top five keywords of. Snapask works as a mobile crowdsourcing platform that involves artificial intelligence and allows students to connect to tutors and receive instant one-on-one academic support. Mr Ryding says such people have two core genetic characteristics, which he terms "adaptive thinking" and "seeing reality with a . The number of questions in each pack varies across countries, and the same can be said for pretty much all three revenue streams. Catherine Shu / TechCrunch: On-demand tutoring app Snapask raises $35M Series B led by Asia Partners and Intervest to expand in Southeast Asia, bringing its total raised to $50M. . 4.1 for the sake of facilitating us to provide services to you as well as the above purposes, only after obtaining your consent when signing up, may your information and data collected and obtained by snapask (holdings) inc. be used by, shared to and retained by all its subsidiaries, related and/or associated companies ("group"), which may be For on-demand content, Snapask uses Amazon Simple Storage Service (Amazon S3) for storage service along with Amazon EC2 and Amazon RDS for a seamless experience for both tutors and students alike. PAOB is a pioneer in leveraging Fintech to provide efficient . The then-Hong Kong based app catered to over 100,000 users. . Screenshot from https://snapask.co/en-hk. Among 500 high schools in Hong Kong, 15% (88) now use the platform to better perform in inter-school competitions. Some simple valuation methods that anyone can do: Metcalfe's Law which states that the value of a network is proportional to the square of the number of connected users of the system (n2).