Faststudent launched Customized Virtual shops, e-stores for over 200 educations institutes across Delhi & NCR
NEW DELHI, 3 AUGUST 2016: Fastudent.com, is now India’s first and only B2B2C DIY e-commerce platform for education supplies. It has partnered with more than 200 education institutes to help them create their own customized virtual shops – using the Fastudent exclusive technology platform.
Our estimates peg the annual spend for academic needs by students at approx Rs. 2 Cr per institute in urban areas. This evolution in Education supplies market enables the educational institute to facilitate these supplies in desired quality and quantity for their students, without spending precious time or dealing with haphazard local supplies markets. The curated and endorsed catalogue of each institute empowers their students with the right means to quality education and better access to their classroom requirements.
Gaurav Barman, Founder & CEO, Fastudent, emphasizes, “This unique product has been built to evolve into a robust and responsive offering, which can be easily customised by the institute to take the shape of its needs using D-I-Y features. The technology being developed is both flexible and scalable, to service the large market demand, yet be personalized for every institute. We have taken the best of the SAAS eCommerce platforms and have gone a step ahead to combine it with the complete end to end marketplace offerings. We have invested more than 50,000 manhours in builiding this technology which is currently in its beta stage.”
Geetanjali Khanna, Founder & COO, Fastudent stated, “Fastudent facilitates school vendor tie-ups, integration, inventory management, delivery and fulfillment to ensure quick and convenient access to essential education supplies and to accessories which have been imparted in education system as value added learning elements required for extracurricular cases.”
She further added, “This unique proprietary platform has evolved out of the pain points of our customers and is focused on the Indian education system and its shortcomings. This model is not a copy-paste of any global model, it’s a genesis to solve the rudimentary problems within the academic supplies market in India. Our Partner institutes are benefiting from the flexibility of the solution and the wide variety of product portfolio available at Fastudent”
Clocking 100% M-O-M growth with the largest educational supplies portfolio spanning 500 brands and 1,00,000 academic products, Fastudent services an unprecedented range of academic supplies ranging across 32 categories including Digital Learning, Branded Merchandise, Augmented Reality, Sports Goods, Uniforms, Shoes, Books ,Stationery and more. With a dedicated consumer base of 1.2 million students , Fastudent has serviced more than 90,000 orders till date.