Practus’ assisted Project Curiosity in increasing social impact by 85% on the existing base of equity funding from sponsors and reducing cash burn from a peak of $90,000 per month to $16,000 per month.

Client NameROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
Project Curiosity5.4xSocial Enterprise (Education)Fortune 100 Corporation’s
Social Impact Fund
Professional~50~$1 million
24 months

About The Company

Project Curiosity is a social enterprise funded by the social impact fund of Fortune 100 corporation, providing after-school learning enhancement solutions to kids from underprivileged families. The company impacts the lives of ~8,500 kids in the age group of 5-12 years.​

Practus’ Role

  • Took ownership of the finance/accounts function.​
  • Implemented IT tools for tracking student and teacher attendance, new enrolments and drop-outs.​
  • Delivered center level P&L and cashflow within the first 3 months of engagement.​
  • Shut non-performing plants with poor future ability to scale and re-directed grants to more viable communities.​
  • Automated linkage of center-level operations data with financial reporting software.​
  • Guided business teams to improve business planning and forecasting capabilities.​
  • Strict control on costs and cash outflows, in alignment with approved budgets.​
  • Provided monthly dashboard to donors and project sponsors, boosting marketing teams’ ability to raise funding from existing donors.​
  • Managed investor relations with impact fund representatives and directors.​

Impact Delivered

  • Increased social impact by 85% on the existing base of equity funding from sponsors.​
  • Raised $4 million in Series “B” equity funding from CSR arms of large corporations.​
  • Improved ratio of profit-making:break-even:loss-making centers from 20:25:55 to 60:25:15.​
  • Reduced cash burn from a peak of $90,000 per month to $16,000 per month.​
  • Negotiated pay-per-use model for the use of learning tablets, reducing Capex requirement by $1 million.​
  • Created profit-share remuneration structures for micro-entrepreneurs (teachers); helped create a financial and social impact stake for them in scaling curiosity’s business.​