Noida, India – September 14, 2023 – ReviewAdda, the groundbreaking digital platform transforming college admissions, owes its inception to the visionary leadership of Prateek Kumar Bhowmick. Born on October 25, 1990, in Noida, Prateek Kr. Bhowmick, the Co-Founder & COO of ReviewAdda, has been at the helm of this innovative venture since its inception in 2013.
ReviewAdda emerged as a solution to the confusion and uncertainty that students and parents faced while navigating the complexities of college admissions. In the past, finding guidance for the ideal college fit was a daunting task, but the advent of educational counselors began to ease the process. Over the last decade, digital platforms have further streamlined this journey for students in pursuit of their dream colleges.
His entrepreneurial journey took its initial steps through his involvement with India's ed-tech startup, Vriti, which was backed by prominent investors like Intel Capital and Jafco Asia. During his tenure at Vriti, he fortuitously crossed paths with Rahul Jain, who, despite hailing from a family business background, shared a profound passion for technology. This serendipitous encounter planted the seeds of their entrepreneurial aspirations, eventually culminating in the birth of ReviewAdda in 2013.
ReviewAdda has played a pivotal role in facilitating over 36,000 admissions to prestigious and lesser-known Indian colleges and universities over the past seven years. The platform has forged partnerships with more than 3,200 micro-coaching institutes and tutors across Tier-2 and Tier-3 towns in India, significantly extending its reach and influence.
The dynamic co-founder duo, comprised of Prateek Kr Bhowmick and Rahul Jain, has cultivated a unique and symbiotic working relationship founded on trust and the harmonization of their respective strengths. Their unwavering commitment to the company's best interests is underscored by their shared belief that "Ego is Easy Go."
At the core of Prateek's entrepreneurial philosophy lies the fusion of "Hard Work with Smart Work." He embodies qualities such as unwavering perseverance, resilience, an enduring positive outlook, and a deep well of spiritual energy. Prateek also recognizes the role of luck in the trajectory of an entrepreneurial journey, emphasizing that embracing risk and unwavering belief in one's vision can often prove pivotal.
During ReviewAdda's nascent stages, securing funding posed a formidable challenge for these young, first-time entrepreneurs. However, their indomitable determination led them to Ultra Media, India's largest film distribution house. Ultra Media astutely recognized the potential inherent in Prateek and Rahul's visionary concept, becoming the inaugural investors in ReviewAdda and injecting INR one crore as seed funding. This monumental moment signified a significant turning point in their entrepreneurial odyssey, establishing a solid foundation for sustained growth and profitability, even amid formidable challenges like the COVID-19 pandemic.
Prateek Kr Bhowmick envisions a vast potential for ReviewAdda within the domestic admissions arena, a realm where millions of students vie for admission to thousands of universities and colleges annually. His unwavering focus is directed towards serving the ultra-premium admission market within higher education, aiming to address the persistent issue of last-minute vacant seats in both premium and under-rated institutions. Often, these vacancies arise due to a dearth of comprehensive guidance and counseling, a gap that Prateek seeks to bridge.
Prateek Kr Bhowmick's dedication to ReviewAdda extends beyond its daily operations, encompassing his active involvement in the analysis and investment of early-stage startups. His entrepreneurial philosophy hinges on the belief in the transformative power of learning from failures and the synergistic alignment of critical factors: the right concept, the right market, the right execution, the right timing, and the right team.
ReviewAdda's remarkable success has been methodically constructed upon a meticulously devised ground research strategy, unwavering adherence to fundamental principles, and a marketing approach that prioritizes the potency of word-of-mouth referrals. Prateek leads by example, consistently exemplifying their core values across every facet of their enterprise. Self-assurance, diligent market research, an unwavering positive outlook, and a robust support network have played pivotal roles in skillfully navigating the unpredictable terrain of entrepreneurship.
Drawing inspiration from the triumphs of middle-class entrepreneurs such as Sachin Bansal of Flipkart, Prateek Kr Bhowmick underscores the capacity of ordinary individuals to transform simple ideas into large-scale startups through unwavering determination and self-motivation.
For budding entrepreneurs, he imparts invaluable wisdom: "Don't embark on the entrepreneurial journey merely because it seems trendy. Establish a core business grounded in clarity and profitability, or seek contentment in your regular employment with alternative investment avenues. Avoid venturing into the taxing terrain of entrepreneurship without a well-thought-out backup plan."
Under Prateek Kr Bhowmick's visionary leadership, ReviewAdda continues to flourish, playing an instrumental role in simplifying and democratizing the college admissions process for students across India. His steadfast commitment to core values and unwavering dedication augurs a promising journey for ReviewAdda, one that is poised to inspire countless aspiring entrepreneurs in the years that lie ahead.