Another Educational Shot - Local and Online Tutoring Marketplace, Preply Is Coming Back to the US Market

Online and offline tutoring marketplace Preply is launching on English speaking markets with greatly enhanced product. As for now, Preply works with 6,000+ tutors in 5 CEE countries and has already started hiring tutors in US, Canada, Australia and UK. This company is going global and has a goal to raise $2M in funding for marketing goals on new markets.

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Preply

Mar 20, 2015, 08:00 ET

BRIGHTON, Mass., March 20, 2015 /PRNewswire/ -- American-Ukrainian startup Preply.com/en is coming back to the US market with an updated product – marketplace for local and online language tutoring.

Logo - http://photos.prnewswire.com/prnh/20150319/183276LOGO

Back in October 2012, Preply launched their marketplace for only online tutoring in Boston, MA. Backed by famous Sem yon Dukach (currently director of TechStars Boston), and a group of business angels, Preply was looking for a business model during 6 months. The Team has experienced huge competition from mature players. That's why a young team of co-founders decided to build their product and gain critical mass of clients on a much smaller, but growing market of Eastern Europe.

"It was tough for team and investors, but we felt that it was a right decision. By bootstrapping the product in Eastern Europe we have learned our key competitive advantages and growth engines to compete here in US." – tells Kirill Bigai, CEO of Preply.

In April 2013 Preply launched their current product focusing on language tutors for local and online classes. Our Platform gains significant improvement with rich tutor reviews and ranking algorithms, an internal learning cabinet and messaging system. The Local class option enlarged our target market and helped educate the market about online tutoring. In a short period of time, supported by a decent amount of native-speakers from the US, English tutoring by Skype became the most popular class on Preply: http://preply.com/en/english-by-skype. It proves hypothesis that online education needs on a boarding process and highly skilled tutors from around the world.

Since pivoting, Preply was scaled to 5 countries and 50 cities of Eastern Europe. In December 2014 Preply successfully launched in Poland, which was the first non-Russian speaking country after US. And again online English tutoring became the most popular class in the beginning: http://preply.com/pl/angielski-przez-skype.

"Looking good. Maybe Preply has to come back and give Boston another try? Your team doesn't strike me as someone who ever gives up on anything." – wrote Semyon Dukach in his email after rapid growth in Poland.

Now Preply has officially started acquiring tutors in the US, Canada, UK and Australia. Any teacher can register and become a member of Preply's growing community. Registration is free and available by the link: http://preply.com/en/teach.

Understanding almost everything in building and scaling tutor marketplace, the company is going to raise another $2M to launch in major US cities. And as everyone understands now it's just the beginning.

Contact Information

FindGuru Inc.
167 Corey Rd., Suite 206, Brighton, MA, 02135, USA
Tel. +1 888 383 6917 FREE
[email protected]

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SOURCE Preply