Gurugram-based edtech company LawSikho has experienced a significant growth during the 2022-23 fiscal year, with its revenue doubling to Rs 37 crore from Rs 18.57 crore the previous year. The company has set its sights on achieving 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,” said Abhyuday Agarwal, COO of LawSikho.
Vibhas Sen, Director-Marketing of LawSikho, added that their commitment to quality legal education through innovative technology has contributed to their exponential growth. The company has strengthened its revenue stream with its offline presence and a new vertical called SkillArbitrage. LawSikho aims to revolutionize the legal education space in India and shape the future of legal practice both within the country and beyond.
In 2022, LawSikho expanded its offline presence with LawSikho Dialogue, a series of events held in Gurugram, Mumbai, Pune, and other locations throughout India. These events featured legal luminaries who shared insightful knowledge with the attendees.
In addition, LawSikho launched a new vertical called SkillArbitrage, which aims to open up the global job market to Indian professionals and students in non-legal domains. The company also announced 100% scholarship for 500 persons with disabilities in September 2022, showcasing their commitment to inclusive growth.
Siddhant Baid, CMO and Finance Head of LawSikho, highlighted that the trust of their learners has been instrumental in the phenomenal growth of the company. LawSikho has successfully bridged the gap between theory and practice, as well as connected Indian learners with the global community. This has allowed them to cater to the considerable talent in Tier 2 and Tier 3 cities, as well as small towns.
According to LawSikho, 36% of its students purchase more than one course, while 25% buy more than two courses, and 5% opt for massive course libraries through an annual subscription. Their new vertical, SkillArbitrage, which was launched in December, has already generated over 500 enrollments within the first three months.
