Edtech company LawSikho doubles revenue in FY23, adds new vertical

Gurugram-based edtech company LawSikho continued to grow during 2022-23 fiscal and its revenue doubled to Rs 37 crore, up from Rs 18.57 crore the previous year. According to the company, it is eyeing a revenue of Rs 100 crore by 2023-24. 
 
“We are thrilled to announce another year of robust growth, which is a testament to the hard work and dedication of our team, as well as the increasing demand for our innovative educational solutions. We remain committed to providing the best possible learning experience for our students and are excited to continue growing and evolving with the ever-changing landscape of education," Abhyuday Agarwal, COO, LawSikho, said. 
 
Vibhas Sen, Director-Marketing, LawSikho, added: “Our commitment to providing quality legal education through innovative technology has resulted in exponential growth. Our revenue stream has been fortified by our offline presence and a new vertical, SkillArbitrage. We will continue to revolutionise the legal education space and shape the future of legal practice in India and beyond.” 
 
The company strengthened its offline presence with LawSikho Dialogue, a series of events held in Gurugram, Mumbai, Pune and other locations throughout the country in 2022.  Legal luminaries participated in these events and shared insightful knowledge with the attendees. 
 
LawSikho also launched a new vertical, SkillArbitrage, to open up the global jobs market to Indian professionals and students in non-legal domains. Deeply committed to inclusive growth, the company announced 100 per cent scholarship in September 2022, for 500 persons with disabilities (PWD). 
 
Siddhant Baid, CMO and Finance Head, LawSikho, said: “The phenomenal growth of LawSikho comes from the trust of our learners. We have been successful in providing a platform to bridge the gap between theory and practice, and also in connecting Indian learners with the global community. In fact, we are able to cater to the considerable talent in Tier 2 and Tier 3 cities as well as small towns.” 
 
According to LawSikho’s findings, 36 per cent of its students buy more than one course, while 25 per cent buy more than two courses, and 5% buy massive course libraries using an annual subscription. 
 
SkillArbitrage, which was launched in December, aims to train young professionals from India and other developing countries to get international remote jobs, remote internshipsand freelance work from startups & SMEs in the US, UK, Canada, UAE and other advanced economies. SkillArbitragehas generated more than 500 enrollments within the first 3 months of its launch.