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HOOGResearch & Advisory

Private Equity & Venture Capital

Commercial Due Diligence on an Education Technology Business

Testing learner demand, outcomes and unit economics drivers for an online upskilling platform.

Example engagement
Client
Growth-stage investor
Industry
Private Equity & Venture Capital
Geography
India
Duration
4 weeks
Capabilities
Commercial Due Diligence, Customer & Consumer Insights

Research design at a glance

How the work is structured

India · 4 weeks

  1. 1

    Learner survey

    Current and past learners.

  2. 2

    Learner IDIs

    Outcomes and satisfaction.

  3. 3

    Employer interviews

    Recognition of credentials.

  4. 4

    Competitor review

    Offers, pricing and positioning.

Qualitative depth

Interviews, groups & observation

  • Learner IDIs~20
  • Employer interviews~10

Quantitative scale

Surveys, audits & measurement

  • Learner survey responses~1,000

Sample sizes are indicative of a typical design for this type of question; real engagements are scoped to the decision.

01

Client context

The investor was evaluating an online professional upskilling platform after a period of sector volatility.

02

Business challenge

Demand had normalised after a boom, and investors needed confidence in sustainable growth.

03

Research objective & questions

Assess learner demand, outcomes, competition and the drivers of acquisition costs.

  • How durable is learner demand for the platform's courses?
  • Do learners achieve the career outcomes they expect?
  • How does the platform compare with competitors?
  • What drives acquisition costs and completion?

04

Methodology & approach

Learner survey
Current and past learners.
Learner IDIs
Outcomes and satisfaction.
Employer interviews
Recognition of credentials.
Competitor review
Offers, pricing and positioning.

05

Sample & geography

  • ~1,000 learner survey responses
  • ~20 learner IDIs
  • ~10 employer interviews
  • Geography — India

06

Key findings

  • Demand was strongest for job-linked technical programmes.
  • Career outcomes depended heavily on placement support.
  • Employers recognised only a few credentials.
  • Referral-driven enrolments had better completion.

07

Business implications

  • Focus investment case on job-linked programmes.
  • Validate placement support scalability.
  • Grow referral channels to reduce acquisition costs.

08

Outcome

The investor received a due diligence report with a view on sustainable demand and key risks.

Example engagement — Shows how Hoog approaches this type of question. Not a specific client project. Findings are directional.

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