In today’s briefing:
- Postcard from Bengaluru | Quick Commerce On-The-Ground
- EDGE Tutor nets US$1M to connect Filipino teachers with global learners | e27
Postcard from Bengaluru | Quick Commerce On-The-Ground
- Quick Commerce offers infinite TAM with rapid metro adoption, but requires endless investment in faster delivery times to remain competitive.
- Delivery partners bear the operational burden, working long hours for modest pay while tech stacks across competitors remain largely similar.
- Despite investor excitement, QC margins remain elusive due to high competition, homogeneous offerings, and limited pricing power compared to food delivery.
EDGE Tutor nets US$1M to connect Filipino teachers with global learners | e27
- EDGE Tutor International, an online tutoring outsourcing company in the Philippines, has closed a US$1 million pre-Series A funding round.
- The round was led by Seaborne Capital, M Venture Partners, Kaya Founders, Orvel Ventures, IdeaSpace, Lorinet Foundation, and unnamed angel investors.
- This round follows a US$800,000 seed funding in 2023. Also Read: Why the education sector needs a lesson in ad fraud With this new capital, EDGE Tutor will scale operations and expand further into North America, Latin America, Europe, and the Middle East.
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