Tyton Partners, providers of investment banking and strategy consulting services to the global knowledge sector, has recognised leading Indian education technology company NeoStencil among 50 “most impactful” international edutech companies from South and East Asian regions.

“The edutech company, which became operational in June 2015, has received funding of $1 million from American and Japanese investors, besides a leading media group of India,” Kush Beejal, co-founder and CEO, Neostencil, told BusinessLine on Friday.

Eligibility criteria

The US-based Tyton Partners recognises growth-stage companies in the education sector based outside US.The Tyton Global Growth50 enterprises are distinguished in terms of the scale of impact achieved by having achieved impact at scale through a combination of strong financial performance, market penetration, and measurable customer outcomes.

These attributes form the basis of the Tyton Growth Framework, which seeks to identify companies that are both — effective in their educational impact and are financially sustainable. In a funding environment that can sometimes overvalue what’s new, Tyton seeks to also credit impact and durability.

The Tyton Global Growth50 companies were announced on Friday in conjunction with the IBIS Capital Edtechx conference in London. They will be invited to a gathering of leaders and investors in Newport, Rhode Island, in the fall of 2018.

Revolutionising test preparation

NeoStencil is a managed online education marketplace that has established itself as a leading player in the UPSC test preparation segment by giving the industry best results for 2017.

It was founded by two brothers, Luv and Kush Beejal, alumni of AIIMS-IIMA and IITB-IIMC, respectively, with the aim to “revolutionise” test preparation by connecting teachers and students seamlessly. It offers around 300 courses and has so far connected over 20 lakh students with teachers.