Stones2Milestones Edu Services is an Indian ed-tech company focused on improving teaching, reading, and thinking skills for children and teachers. The company aims to create a nation of 10 million readers. Here’s a look at its foundation and early days.
The vision of Stones2Milestones is clear: to enhance education in India by making reading and thinking skills more accessible. The company was founded with the goal of addressing the significant gap in English comprehension skills among Indian students. A survey in 2018 revealed that students at private English-medium schools in India had poor English reading comprehension, highlighting the need for such an initiative[1].
The early days involved extensive research and development to create effective teaching methods and materials. The founders recognized the importance of engaging and interactive learning experiences to improve student outcomes.
The company's initial focus was on developing a comprehensive program that would not only teach reading skills but also foster critical thinking and problem-solving abilities.
The founding team of Stones2Milestones includes experienced educators and entrepreneurs. Nikhil Saraf, the Chief Executive Officer and Director, has been instrumental in shaping the company's vision and strategy. His background in education and technology has been crucial in driving the company's growth and innovation.
The team's collective expertise in education, technology, and business has enabled Stones2Milestones to develop innovative solutions that meet the specific needs of Indian schools and students.
The founders' commitment to education and their passion for making a difference have been key factors in the company's success and expansion.
From its inception, Stones2Milestones has undergone significant evolution, expanding its reach and offerings. Here’s a look at the company’s journey from its initial concept to its current state.
Stones2Milestones started with a simple yet ambitious goal: to improve reading and thinking skills in Indian schools. The initial concept involved developing a structured program that could be integrated into school curricula. Over time, the company expanded its scope to include a wider range of educational services and products.
The company has transitioned from a small startup to a recognized player in the Indian ed-tech sector. This growth has been fueled by strategic partnerships, innovative products, and a strong focus on customer needs.
Today, Stones2Milestones operates in multiple regions, offering a comprehensive suite of educational services and tools.
Several key milestones have marked the growth of Stones2Milestones. One significant milestone was the company's partnership with Finnish Global Education Solutions (FGES) in November 2023. This collaboration aims to integrate the Finnish learning approach into Indian schools, focusing on numeracy, literacy, teacher professional development, and advanced technology solutions.
In 2020, the company raised Rs 19 Cr in bridge funding led by Unreasonable Capital, marking a significant financial milestone and the first investment by Unreasonable Capital in India.
Other notable milestones include the launch of the English learning app Freadom and the expansion of the company's operations to new regions.
Stones2Milestones has continuously expanded its product portfolio to meet the evolving needs of its customers. The company offers a range of educational tools and services, including the Freadom app, which is designed to improve English learning skills. The app is part of the company’s broader strategy to provide engaging and interactive learning experiences.
In addition to the Freadom app, Stones2Milestones provides content bins based on search terms, allowing teachers to create customized learning materials. The company also offers various workspace layouts and templates to support different teaching needs.
The product portfolio includes:
Stones2Milestones has invested heavily in its technology infrastructure to support its educational services. Here’s an overview of the company’s core platform architecture, security framework, and innovations in the industry.
The core platform architecture of Stones2Milestones is designed to be flexible and scalable. The company uses cloud-based solutions to ensure that its services are accessible and reliable. This architecture allows for the integration of various educational tools and resources, making it easier for teachers and students to use the platform.
The platform supports multiple features such as workspace layouts, content management, and search-based content bins. This modular design enables the company to update and expand its services efficiently.
The use of cloud technology also ensures that the platform is highly available and can handle a large number of users simultaneously.
Stones2Milestones places a strong emphasis on security and compliance. The company ensures that all its services and data storage comply with relevant educational and privacy regulations. This involves implementing robust security measures to protect user data and maintain the integrity of the platform.
The security framework includes regular data backups, encryption, and access controls to prevent unauthorized access. The company also conducts periodic security audits to identify and address any vulnerabilities.
Compliance with international standards ensures that the platform is trustworthy and secure for its users.
Stones2Milestones has been at the forefront of innovation in the ed-tech industry. The company’s partnership with FGES to integrate the Finnish learning approach is a significant example of this innovation. This collaboration brings advanced educational methodologies and technologies to Indian schools, enhancing the learning experience for students.
The company’s use of AI and other technologies to personalize learning experiences is another area of innovation. By leveraging these technologies, Stones2Milestones aims to make education more engaging and effective.
Innovations include:
Stones2Milestones Edu Services has made a significant impact on the education sector in India. The company's focus on teaching, reading, and thinking skills has helped numerous children and teachers.
Stones2Milestones has seen substantial growth in its user base. The company's programs are currently impacting more than 100,000 children across 15 cities in India[7].
Their English learning app, Freadom, has been particularly successful. This app is designed to help children in English-medium schools who often struggle with reading and comprehension. By providing an affordable, research-based, and intuitive in-school reading program, Stones2Milestones has managed to reach a large number of students.
The company's mission to create a nation of readers is ambitious. In India, an estimated 89% of 260 million children read below grade level. Stones2Milestones aims to change this by helping children learn to read in their elementary years, which in turn helps them read to learn during formal education and eventually read to lead in their chosen paths.
Stones2Milestones has expanded its market share significantly by partnering with various educational institutions and organizations.
The company's partnerships have helped it integrate its programs into more schools. For instance, the collaboration with Finnish Global Education Solutions (FGES) has enabled Stones2Milestones to bring Finnish learning approaches to Indian schools, focusing on literacy and numeracy.
This expansion has also led to the development of advanced technology solutions for global implementation. The partnership with FGES is a key example of how Stones2Milestones is increasing its market share by leveraging international expertise and resources.
While Stones2Milestones primarily focuses on educational outcomes, its programs also have financial implications for the families and schools it serves.
The company offers affordable reading programs, which is crucial in a country where many families struggle to afford quality education. By making these programs accessible, Stones2Milestones is contributing to financial inclusion in the education sector.
Additionally, the company's focus on improving reading skills can have long-term financial benefits for the students. Better education outcomes can lead to better job opportunities and higher earning potential, which in turn can improve the financial stability of families and communities.
Stones2Milestones Edu Services has experienced a mix of challenges and successes in its financial journey.
The company's revenue has seen fluctuations over the years. For the financial year ended 2023, Stones2Milestones experienced a significant reduction in revenue, with a 38.89% decrease[8].
Despite this, the company has previously shown strong revenue growth. In 2020, Stones2Milestones raised $2.5 million in a bridge funding round led by Unreasonable Capital, which indicated a period of financial growth and expansion.
The estimated annual revenue of Stones2Milestones is currently $34.8 million, with a revenue per employee of $103,125. This suggests that the company has a substantial revenue base despite the recent decline.
Stones2Milestones has made significant strides in improving its profitability.
For the financial year ended 2023, the company saw a substantial improvement in profitability, with a 95.88% increase in profit. This improvement is noteworthy, especially given the challenging financial environment.
The company's net worth also saw a significant increase of 36.59% during the same period. This indicates that Stones2Milestones is managing its finances effectively and moving towards a more stable financial position.
Stones2Milestones has secured several investment rounds to support its growth.
In 2020, the company raised Rs 19 Cr (approximately $2.5 million) in a bridge funding round led by Unreasonable Capital. This was Unreasonable Capital's first investment in India and marked a significant milestone for Stones2Milestones.
The investment from Unreasonable Capital and its limited partner Goldhirsh Foundation has been crucial in supporting the company's expansion and development of its educational programs.
Stones2Milestones Edu Services has formed several strategic partnerships to enhance its offerings and reach.
The partnership with Finnish Global Education Solutions (FGES) is a key technology alliance for Stones2Milestones.
This partnership focuses on various key areas, including teacher professional development, integrating the Finnish learning approach into Indian schools, and developing advanced technology solutions for global implementation.
The collaboration was formalized in a ceremony attended by distinguished guests, including Finland’s Minister of Education Anna-Maja Henriksson and the Co-Founder of Stones2Milestones, Kavish Gadia. This partnership aims to introduce groundbreaking solutions that will benefit learners worldwide.
As part of this alliance, Stones2Milestones will launch its flagship product, the Freadom reading app, on the international stage. This will help the company expand its global reach and impact.
There is no specific information available on banking collaborations for Stones2Milestones.
However, the company's focus on educational technology and partnerships suggests that any future banking collaborations would likely be aimed at enhancing financial inclusion and access to educational resources for more students.
Stones2Milestones does not have publicly disclosed merchant partnerships.
Given the company's mission and focus, any merchant partnerships would likely be with educational suppliers or service providers that can support the delivery of their reading programs and educational resources.
Such partnerships could help Stones2Milestones expand its offerings and improve the quality of education for its students.
Explore our expert-led programs or join our free community of 5,000+ Indian founders - scale with 18startup!
Get started 🚀 Antah Prerna Education Private Limited,
Office Address: 55, Raju Naidu Road, Tatabad, Coimbatore – 641012
.png)
.jpg)
