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    Math Solutions Help & Expert Chat App

    Description

    L#20240635

    Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.

    According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.

    NOTE – Financials shown are the run rate based on last three months. TTM is $9,413,805 revenue and $665,588 profit.

    • Highlights
      The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7
    • The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
    • Very low supply costs: less than 7% of total revenue (average revenue generated from each solution is more than x10 the the cost for it)
    • Subscription revenue: $500k average monthly subscription revenue (after all store/payment commissions)
    • More than 80% of users are Tier-1 countries (mostly US)
    • High-growing market of online education with Math as the #1 subject among US and other Tier-1 English speaking countries
    • 4.6 rating with 9.6K ratings on iOS
    • Team of experts
    • Systems for hiring additional experts (Professional supply team that with automated processes of hiring, quality control and payments)
    • Payment processing accounts (where transferrable)

    Basic Details

    Target Price:

    $5,000,000

    Gross Revenue

    $7,839,046

    EBITDA

    $1,143,749

    Established

    2021

    Business ID:

    L#20240635

    Country

    United Kingdom

    City:

    London

    Detail

    Business ID:L#20240635
    Property Type:E-commerce Business
    Target Price: $5,000,000
    Gross Revenue:$7,839,046
    EBITDA:$1,143,749
    Target Price / Revenue:0.64x
    Target Price / EBITDA:4.37x
    Established:2021
    Business Description:13 Employees
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      Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.

      According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.

      NOTE – Financials shown are the run rate based on last three months. TTM is $9,413,805 revenue and $665,588 profit.

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