Russia’s StudyFree named the winner of Seedstars World 2020

Russian edtech startup StudyFree has been named the Seedstars World 2020 winner in an online event held by Seedstars this afternoon and walks away with up to $500 000 in equity investment.

StudyFree, which was founded by Dasha Kroshkina in April 2019, offers a one-stop platform that helps students to get successfully admitted into universities worldwide with full financing.

Kroshkina says the startup has almost 23 000 users form 108 countries. In all 7% of users are paid-users and the startup generated $60 000 in revenue last month. The startup has yet to raise any funding so far.

This year was the first time that Seedstars, a Swiss emerging market startup competition, has held the event — usually held in Lausanne, Switzerland — entirely online.

Russian edtech startup StudyFree has been named the Seedstars World 2020 winner

The four other finalist startups were Resync (Singapore), Optiyol (Turkey), Baubap (Mexico) and Pezesha (Kenya).

A total of 5000 startups from 86 countries applied to the Seedstars World 2020 competition, Seedstars CEO Aalisée de Tonnac said in an online press conference held earlier today.

From the 5000, about 500 startups were selected to present at various pitches in a number of cities across the world that kicked off in about the middle of last year and ran over the remainder of the course of the year.

From these pitching events about 80 startups were then selected to attend five regional summits, where 40 startups were selected to attend this year’s conference. This list was then narrowed down to the five finalists that pitched to investors online today.

Featured image: StudyFree founder Dasha Kroshkina (Facebook)