TutorVista
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| Type | Private |
|---|---|
| Industry | Internet, e-learning |
| Founded | Bangalore, Karnataka, India in November 2005 |
| Headquarters | Bangalore, Karnataka, India |
| Key people | K Ganesh, CEO, and Co-founder |
| Products | Online Tutoring |
| Website | tutorvista.com; Official YouTube Channel |
TutorVista is an online tutoring company geared towards students.[1] It relies on a combination of voice over Internet Protocol (VoIP) telephony, instant messaging, a toll-free fax number (allowing review of printed materials), and an electronic blackboard.[2] TutorVista’s operations are entirely located in India, but most of its market is abroad.[3] The company primarily provides academic help to students in English, mathematics, and the sciences. [4]
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[edit] History
TutorVista was founded in 2005, going live in the United States within the same year. In 2007 the company acquired the educational firm Edurite and in 2009 they announced a partnership with the American Book Company[5] and began to take on investments from other companies such as Pearson, bringing the total reported raised capital to $38 million.[6]
TutorVista, has sold a controlling 76% stake to book publisher Pearson. TutorVista said Pearson would pay Rs 577 crore to raise its stake from the 17.2% that it already had in the company. That stake was acquired in June 2009. The price values TutorVista, started in 2005 with $2.15 million from Sequoia Capital, at about Rs 1,000 crore.[citation needed]
[edit] Criticism
In an interview with The Economist, Mr. Ganesh, the founder and CEO of TutorVista, suggested that building trust for an unknown Indian brand was the biggest difficulty he faced. There have also been several outcries in the United States, to protest against such organizations that do not allow face-to-face and personalized tutoring. Officials and parents from both local and national bodies have mixed reactions regarding the ethical and practical implications of this trend.[7] In the UK it is estimated that 1 in 4 students is now tutored outside school, with offshored tutoring companies increasingly entering the market. [8]
[edit] References
- ^ "TutorVista Help Center : What is TutorVista ?". http://help.tutorvista.com/answer.php?id=203&oid=202.
- ^ Soumya Srinagesh. "Outsourced tutors just an ocean away". CNN News. http://news.com.com/2010-1038-6126868.html.
- ^ "The Evolving Indian Offshore Services Environment: Greater Breadth, Depth, and Scope". http://iis-db.stanford.edu/evnts/4587/Stanford.pdf.
- ^ "TutorVista Dashboard". http://vista.tutorvista.com/dashboard/index/?.
- ^ "TutorVista and American Book Company Link to Provide Free Tutoring for Improved Test Scores". http://www.redorbit.com/news/education/904801/tutorvista_and_american_book_company_link_to_provide_free_tutoring/index.html.
- ^ "Updated: Pearson Invests $12.5Mn In TutorVista, JV With EduComp & Future Plans". http://www.medianama.com/2009/07/223-pearson-invests-125mn-in-tutorvista-jv-with-educomp-future-plans/.
- ^ "Online Tutoring and the Offshoring of Education". http://tcc.kcc.hawaii.edu/previous/TCC%202007/ciano.pdf.
- ^ "Facebook generation fuels boom in online tutors". http://www.telegraph.co.uk/education/educationnews/9029841/Facebook-generation-fuels-boom-in-online-tutors.html.
