Biography of Mohit Kumar Tyagi: Founder and CEO of Competishun- Entrepreneur
Biography of Mohit Kumar Tyagi:
Mohit Kumar Tyagi, an experienced entrepreneur in the
e-learning space, co-founded Competishun with a vision to offer comprehensive,
affordable coaching for students preparing for competitive exams like IIT-JEE
and NEET. With over two decades of experience in education, Mohit realized that
there was a gap in the market for quality, accessible coaching that catered to
students from all financial backgrounds. Motivated by this gap, he launched
Competishun, aiming to make high-quality coaching accessible to all, regardless
of financial constraints, and to revolutionize the way coaching was
traditionally provided.
A New Approach to Education
Competishun offers both online and offline coaching tailored
to the needs of students preparing for IIT-JEE and NEET exams. The platform
provides structured courses, study materials, and books, designed to help
students excel. Unlike many traditional coaching platforms, Competishun
emphasizes a personalized learning approach, offering students adaptive
learning tools and customized batches based on their performance and needs.
This focus on personalized attention, including doubt-solving sessions and round-the-clock
support, makes the platform stand out in the competitive education sector.
Making Education Affordable
One of the major challenges in the Indian ed-tech space has
been the high cost of quality coaching. Competishun addresses this issue by
offering online courses at a fraction of the cost compared to traditional
offline coaching institutes. While offline coaching can cost up to ₹3,00,000,
Competishun’s online courses are priced at ₹30,000, making it a far more
affordable option for students. The platform’s aim is to provide top-tier
education at a price that more students can afford, helping them prepare for one
of the toughest exams in India without financial barriers.
Focus on Student-Centric Learning
The founders of Competishun pride themselves on their
commitment to student-centric education. They believe that many online
education platforms fall short of truly understanding students’ needs, often
prioritizing profit over the quality of teaching. In contrast, Competishun
strives to create a nurturing and comfortable learning environment, both online
and offline. Their platform offers 24/7 support via WhatsApp and phone, along
with live Zoom sessions and Telegram doubt-solving groups, ensuring that students
receive personalized guidance whenever they need it.
Technology-Driven Learning
Competishun is leveraging the power of technology to make
learning more efficient and effective. The platform uses adaptive learning
algorithms and personalized study plans to cater to the unique needs of each
student. By analyzing students' progress and adjusting their learning paths
accordingly, Competishun ensures that each student receives the most
appropriate content at the right time. This tech-driven approach sets the
platform apart from traditional coaching methods, which often rely on a one-size-fits-all
model.
Overcoming Industry Challenges
The ed-tech industry is highly competitive, with several
established players like Vedantu and Unacademy. Despite this, Competishun sees
an opportunity to differentiate itself by addressing key challenges that many
other platforms overlook. The founders identified the underutilization of
technology in personalizing learning experiences as one of the industry’s
biggest weaknesses. By focusing on adaptive learning tools and a more tailored
approach to each student, Competishun aims to provide a more efficient and
effective learning experience than its competitors.
Rapid Growth and Success
Since its inception, Competishun has experienced rapid
growth. The platform has seen a significant increase in user enrollment, and
the feedback from both students and educators has been overwhelmingly positive.
In 2023, more than 2,000 students who were enrolled in Competishun's programs
successfully gained admission to prestigious IITs. This success story has
helped establish Competishun as a trusted name in the competitive exam coaching
space, and the company is proud of its contribution to the academic success of
its students.
The Road to Expansion
In the short term, Competishun’s founders aim to expand
their course offerings, improve platform features, and strengthen their market
presence. Their long-term goal is to establish hybrid study centers across
India, blending the advantages of both online and offline learning. These
centers would provide students with a more interactive learning experience
while retaining the flexibility and affordability that Competishun offers
through its online platform.
Biography of Mohit Kumar Tyagi: Founder & CEO of Competishun- Entrepreneur/ age/net worth/investor/startup/Competishun/affordable,coaching IIT jEE/Neet
The Pitch on Shark Tank
The founders of Competishun, including Mohit Kumar Tyagi,
appeared on Shark Tank India in season 3 to pitch their business. They asked
for an investment of ₹2 crore in exchange for 1% equity, which surprised the
Sharks, given the large valuation of ₹200 crore. They defended their business
model by highlighting their focus on quality education and their
dissatisfaction with the money-driven motives of many ed-tech companies. The
pitch raised questions about how Competishun planned to generate returns on its
investment without following the same profit-focused path as other companies.
The Sharks’ Reactions
The Sharks were skeptical about Competishun’s approach.
Anupam Mittal questioned how the company planned to differentiate itself from
its competitors in the highly competitive ed-tech market. Vineeta Singh
disagreed with the founders' criticism of other ed-tech platforms and argued
that entertainment is an essential part of engaging students in education.
Despite their best efforts, the founders struggled to convince the Sharks that
their model was unique enough to justify the high valuation.
A Clash of Perspectives
Throughout the pitch, the founders of Competishun frequently
put down other ed-tech companies, particularly those with a large following,
like Physics Wallah. While the founders tried to emphasize their serious
approach to education, the Sharks were irked by the negative comments. Peyush
Bansal pointed out that the Competishun team had not explained their own
business model clearly and instead spent too much time criticizing their
competitors. The Sharks’ frustration grew as the pitch progressed, and eventually,
Peyush and Azhar exited the deal.
No Deal but Valuable Lessons
Despite the negative response from the Sharks, the pitch
provided valuable insights for the Competishun team. Aman Gupta criticized the
founders for appearing to have started the business out of "FOMO"
(fear of missing out) rather than a clear market strategy. Anupam Mittal was
also confused about how different their business model was from others. While
Competishun didn’t secure an investment on Shark Tank, the exposure on the show
helped them gain recognition, and the feedback from the Sharks offered lessons
on how to refine their approach moving forward.
Future Prospects and Challenges Ahead
The future of Competishun depends on how effectively it can
expand its platform and attract more students while differentiating itself from
other players in the ed-tech space. The company faces significant competition,
but its focus on quality education, affordable pricing, and personalized
learning could help it carve out a niche. Moving forward, Competishun will need
to address the challenges of scaling its business while maintaining the quality
of education and personalized attention that has driven its early success.
A timeline of the key events in Competishun's story:
2000s
Mohit Kumar Tyagi begins his career in the e-learning
industry.
2020
Competishun is co-founded with a vision to provide
affordable, personalized coaching for IIT-JEE and NEET.
2021
The platform launches, offering both online and offline
coaching with a focus on adaptive learning tools.
2022
Competishun addresses the high cost of coaching by offering
affordable online courses (₹30,000) compared to traditional institutes
(₹3,00,000).
2023
More than 2,000 students successfully gain admission to
prestigious IITs, establishing Competishun’s credibility.
2023
Competishun founders appear on Shark Tank India season 3,
seeking ₹2 crore for 1% equity but fail to secure a deal.
2024
Competishun plans to expand course offerings, improve
platform features, and establish hybrid study centers across India.
