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After graduating from school or a college, there is some skill-set and guidance that students lack somehow. A long booming market for private coaching institutes in India seems to have peaked. Every parent works hard to give best to their child in terms of counselling and preparing for upcoming jobs in the market.
Talerang offers career training to students and young professionals with the mission to create work-ready graduates. Talerang began as an independent research project at Harvard Business School. Here you’ll learn about Talerang in detail:
Talerang- Company Highlights
| Company Name | Talerang |
|---|---|
| Headquarter | Mumbai |
| Founder | Shveta Raina |
| Sector | Education |
| Founded | 2013 |
| Website | talerang.com |
| Registered Entity Name | Advantage Leadership Solutions Pvt. Ltd |
Talerang- About and How It Works
Talerang- Founder
How Talerang Started?
Talerang- Name, Logo and Tagline
Talerang- Vision and Mission
Talerang- Target Market Size
Talerang- Products and Services
Talerang- Business Model and Revenue Model
Talerang- Startup Launch
Talerang- Customers/ Clients
Talerang- Advisors and Mentors
Talerang- Competitors
Talerang- Challenges
Talerang- Future Plans
Talerang- About and How It Works
Talerang currently operates out of Mumbai being our head office, Delhi, Bangalore and Pune. Provider of a communication platform, Talerang intend to develop work-ready graduates for India through a unique, experiential model researched as a project at Harvard Business School.
The company's omni-platform connects students with Industry Experts for internships and full-time opportunities and is committed to solving the work-readiness crisis that students and organizations face and bridge the gap between what colleges teach and what organizations look for, enabling students to realize their potential and prepare better for their future and get placed according to their qualification.
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Their pilots at some of India’s best colleges found that under 60% of students felt ready to take on a job. Less than 50% of students had mentors they could seek out. They also connected with the HR heads and CEOs of leading organizations like the Tata and Birla groups, only to find that companies were equally worried about the work-readiness crisis and were unhappy with the entry-level talent. Later on, it was no longer a research project, but developed into a mission that needed to be accomplished.
Talerang- Founder
Talerang is founded by Shveta Raina.
Shveta Raina is an entrepreneur with a difference. An alumnus of Harvard Business School, she returned home to India to set up a new venture –Talerang– to develop skills in India’s workforce.
Her formal research began when she was a student at Harvard Business School in 2012. Along with her, Professor Das Narayan Dasand in partnership with Talerang’s Curriculum Lead (Sinhali Deshpande), she conducted independent research on students and professionals who are ready to enter into the job world. Current company size - 15-20 core team across Mumbai, Pune, Delhi, Bangalore + 20 Young Leader’s Panel and 15 Senior Leader’s Panel members and over 200 guest speakers. We hire people who believe in the concept of getting stuff done with entrepreneurial spirit and skill track.
Their pilots at some of India’s best colleges found that under 60% of students felt ready to take on a job. Less than 50% of students had mentors they could seek out. They also connected with the HR heads and CEOs of leading organizations like the Tata and Birla groups, only to find that companies were equally worried about the work-readiness crisis and were unhappy with the entry-level talent. Later on, it was no longer a research project, but developed into a mission that needed to be accomplished.
How Talerang Started?
Talerang was born in 2013 with a focused and determined mission to give every student in India an opportunity to live their dreams and turn them into reality.
While at Teach for India in 2011, Ms. Shveta spoke to many students across the country that were unaware of the courses available in the market, confused about their careers, unaware of their passions and a majority of them were not prepared to enter the work-world and had limited practical exposure. Some of them were unable to get the right advice as well as guidance that can help them to walk on a right path. They realized the depth of the problem and figured out the fact that it might have a bad impact on the Indian youth and will affect the economy of India.
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Talerang was launched to be a simple, high quality solution to India’s work readiness crisis and started offering career training to students and professionals with the purpose of creating a work-ready India.
Talerang- Name, Logo and Tagline
Talerang: Talent + Boomerang - When you invest in your own talent, it comes back to you like a boomerang! A boomerang is a rare and wondrous creation, because when thrown correctly, it comes flying right back to you. When a boomerang is thrown with high spin, its wings produce lift, through which it flies in a curve rather than in a straight line. They believe that it’s same with the talent, if someone invest their time and energy, they’ll get back more than they ever invest.
Talerang offers career training to students and young professionals with the mission to create work-ready graduates. Talerang began as an independent research project at Harvard Business School. They lift up the talent, and they lift much higher and off the beaten path.
They go with a tagline: “We fly, we soar, we Talerang!”
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Talerang- Vision and Mission
Talerang works primarily with Generation Z (born after 1995). They offer training, followed by access to internships and jobs. Their curriculum is new-age and cutting edge, designed for the youth of India and the jobs of the future!
First, they launched their Future CEOs Program (our flagship course). High potential students were hand-picked from across India and taken through a rigorous combination of training, mentorship, feedback and internships. 350+ corporates support this program and students are currently at firms such as McKinsey, BCG, Mahindra Group, Birla Group with 99% getting internship or job opportunities.
They are now offering 4 main products:
- Future CEOs Program (for high potential college students)
- Reality Bytes Program (for high school
- Talerang’s Career Connect Program (6 weeks self-paced program)
- Post Graduate Certificate Program (for stellar graduates and young professionals).
Second, they run customized programs, where the team creates work-ready for students and employees at partner organizations such as the IITs, Deutsche Bank, Teach for India amongst 100 other programs.
Third, they have supported efforts taken by the government and multilateral agencies to bridge the employability crisis. This has allowed them to share best practices widely.
Shveta Raina, the founder of Talerang also writes for the media to spread the word to a wider audience and conduct continuous research to update their curriculum based on the industry’s needs.
Their mission is to bridge India’s work-readiness crisis through a unique, experiential model researched as a project at Harvard Business School. And, carries out the vision is to have 20 million students work-ready by 2020.
Talerang- Target Market Size
Talerang operates in the Education Technology sector focusing on career training and work-readiness. They are the first mover in a highly fragmented market which is categorised by cheap and cheerful personality development and other workshops. There is no single integrated end-to-end work-readiness training service provider in India. India has over 35,000 colleges and a large chunk of our population in the age-bracket of 15-25.
This is the demographic they keep their focus on - those who are still to enter the work-force and need both clarity and training. They help their future professionals achieve their career potential through training, access to internships and finally securing a placement opportunity. Our programs are selective, experiential and transformative in nature and provide personal mentorship in additional to group course-work, allowing each students path to be catered to their strengths. The industry is expanding rapidly with India’s next generation tech savvy and keen to upskill themselves. With digital penetration growing exponentially and a total lockdown on offline classes, the EdTech sector in India is taking off in 2020.
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Talerang- Products and Services
Talerang offers career training and online programs to students and professionals with the purpose of creating a work-ready India. Talerang aims to become a simple, high-quality solution to India’s work-readiness crisis. Their major focus is on helping candidates to know themselves, prepare themselves (hard and soft skills), and eventually learn the art of proving themselves in the field they choose. There are 4 programs offered by Talerang:
Talerang Future CEOs
Our flagship and highly selective work-readiness program. Exceptional college students develop professional competencies, real world skills, access internships and job
opportunities, and receive mentorship for life.
Talerang’s Online Career Connect Program
This is a 6-week Work-readiness Certification Program targeted towards final year students and recent graduates entering the work world. It is a self-paced online program which enhances academic degrees with real-world, practical knowledge demanded by the top organizations of today. It has 30+ live sessions and 100+ hours of content along with support on resume creation, interviews and connect to dream jobs.
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Talerang Reality Bytes
High school students (8th to 12th graders) will learn 21st century skills, work on a live project at an organization, present findings to its senior leadership and enjoy lifelong career mentorship!
Talerang’s Young Leaders Academy
This is a Post Graduate Certificate Program for stellar graduates and young professionals to develop leadership potential through an industry recognized work-study program.
Talerang- Business Model and Revenue Model
Talerang is a social enterprise. They get students work-ready through our flagship Future CEOs Program (for College students), Reality Bytes Program (High school students) and Young Leaders Academy (Graduates and young professionals) as well as Talerang Career Connect. Their programs are highly selective.
Once selected, students are trained in a three-step work-readiness program that gives students access to experiential career training, internships and mentorship for life. Initially, students needed to be present in Mumbai, Delhi, Bangalore or Pune for the training. Now, their courses are online and attract students from all over the world.
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They are need-blind, which means that they accept students based on merit. Students who cannot afford the fees are provided a scholarship. Students who do pay fees can also earn back fees invested in the training during their internships, helping them break-even on their investment.
Talerang- Startup Launch
Talerang initiated partnerships with various colleges for workshops and sessions, coffee chats with students and student lead organisations, family, friends and referrals, facebook and instagram ads.
Talerang- Recognition and Achievements
With many awards and recognitions to her name, Shveta has been an all-rounder in her professional journey so far. The visionary entrepreneur was identified as a Rising Woman Leader 2015 by Economic Times and Spencer Stuart.
Additionally, she was listed as a Woman of Worth 2015 by India Today. She has also been facilitated with Young Womenpreneur 2017 Award by the DICE Ecosystem and Governor of Maharashtra. Women Entrepreneur of the year 2018 at Inbush Era World Summit and Woman Achiever Award by the Women Economic Forum.
Talerang has also won the Harvard Business School New Venture Competition (South Asia) and has been a finalist during the Kstart (Kalaari Capital) and Village Capital Startup Competitions.
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Talerang- Customers/ Clients
Again, going from 100 to 10000 is a whole different story. The first happy 100 customers help with gaining the next 10,000 customers, referrals and tie ups with various colleges, universities, and corporates helped Talerang with increasing their customer base.
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Talerang- Advisors and Mentors
The company has Senior Panel leader’s such as Ashok Kurien (Founder Zee entertainment), Sanjeev Bikchandani (Founder, Naukri.com), Professor Jack Gabbro (HBS Professor), and more to guide and advise them on major changes and happenings in the company.
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Talerang- Competitors
The top 10 competitors in Talerang's competitive set are Formac, Phxindcenter, Trimentus Technologies, HackerEarth, Mettl, HackerRank, CoCubes, ExpertRating, Aspiring Minds and eLitmus. Together they have raised over 60.3M between their estimated 2.5K employees.
Talerang- Challenges
Application process was too long and the team under-went from in-person interview to online 3 rounds of interview to now 1 for interview and a video challenge to select candidates who are the right fit for the program. One of the major challenges was to interview and select the best fit students from a pool of applicants and to convince their parents to change the mentality about focusing only on academics and not overall development and exposure before graduating.
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Talerang- Future Plans
Talerang aims to achieve the target of 20 million by 2020 - already reached 2 million through online and offline mediums. Talerang aims to add more number of specializations and skills training this year. The team is growing rapidly, and currently has 20 core team members, 100 guest speakers, 50+ Young leaders panel members
Author: Avantika Bhardwaj
Source : https://startuptalky.com/talerang-success-story/
Date : 2020-09-12T06:39:18.000Z