Building Schools of Future

Education has always held paramount position in the Indian society. Many of our historical stories begin with princes going to Gurukuls, living the hard life to imbibe knowledge across disciplines to become great kings. Over time, education democratised. However high quality education still remains largely out of reach for the common man.

People have now realised that a hybrid, tech-integrated model of schooling is where a more equitable future lies. Interestingly, that’s a realization that our client UOLO had way before COVID and, instituted an innovative solution that placed them ahead of the curve.

Develop in Style

After spending years in Silicon-valley, and understanding the ever evolving landscape of modern tech, Ankur & Pallav realized that education in India is yet to experience the fruits of technology.

At Uolo, they focus on providing world class experience to students and teachers by offering a mini ERP & Learning Management System (LMS) to schools, mostly in Tier-2, Tier-3 cities. Their platform has an added security feature to facilitate seamless flow of education, differentiating them from all other generic video conferencing solutions. To enhance the learning experience, their product ‘After School hours’ takes care of all extra-curricular needs of students.?To keep the spirits high, their ‘Speaker series’ provides the students an opportunity to hear from accomplished personalities. All this leads to a a superior learning experience, historically available to a select few. To top it all, their offerings are available at 0 cost. 5000+ schools have benefited out of this, and counting.

Creating Capacity for Growth

To revolutionize a sector that has every Indian emotionally invested, UOLO needed a partner with their heart in the right place. That’s when a chance meeting with HSBC led to the start of a relationship with HSBC India. It was followed by opening of accounts for their parent in Singapore. When UOLO received 2 rounds of funding, they decided to invest these funds with HSBC.?Once their operations began, UOLO started using HSBC’s best in class digital platform, HSBCNet, to make vendor payments on the fly.?

Ankur & Pallav say, “What makes it exciting to startup in India is the unique set of challenges and opportunities the country offers. Add to that a solution in education, which is our country’s number 1 priority and a household talking point. There is no scope to compromise. Fortunately, we found in HSBC a partner that takes care of our banking needs with the same zeal that we employ in our business operations.”

Sanchit, VP- Finance, UOLO, adds “HSBC, in addition to having a startup’s intensity in their servicing also has the technological infrastructure and regulatory know-how to support all complex transactions. It gives us immense confidence that they already have solutions for all our future needs.”

Says Prakash Jaiswal, MD & Country Head, Business Banking (Startups and MSMEs), “It is fascinating to see how a new age company is on track to solve the education puzzle, which was largely accepted as a systemic quagmire. UOLO has all the technological & ethical wherewithal to revolutionize the next billion segment. I see HSBC <> Uolo partnership scaling great heights and achieving milestones like none other.”

Startups’ requirements for banking services are very different from that of conventional businesses. HSBC has carved out a dedicated team to support startups, and created a bouquet of unique products and solutions. Click here for more details.

If you need a banking partner that will help you grow, we would be happy to discuss synergies with you.

Let’s spread the light of knowledge together

(With inputs from Shaseem Shamsudheen, UOLO’s relationship manager, Shekhar Lele, Business Innovation Lead, Devesh Solanki, Implementation Manager, HSBC India)

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