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Preply Innovation and Startup Idea

Editorial Team by Editorial Team
May 16, 2022
in Success Stories & Reviews
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Preply Innovation and Startup Idea

Students from all around the globe use Preply to connect with language teachers from around the world. Preply, a company founded in 2012 and funded by some of the world’s most prominent investors, aims to reshape how people learn in the future. 

Live interaction with a teacher is still the most effective method to learn a new skill, and Preply is providing a tailored learning environment to help students achieve their goals in a timely manner. Increased profits over the previous three years have allowed Preply to hire 300+ people from 44 different countries, who are spread out across Barcelona, Kyiv and the United States.

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As a result of its emphasis on creating the best-in-class products for both the consumer and corporate markets, Preply has developed a culture of innovation and data-driven learning. 

All About Preply History

2012 :  Kirill Bigai, Dmytro Voloshyn, and Serge Lukyanov formed the firm in 2012 in Ukraine. Since its relaunch in November 2013, the website, preply.com, has focused on online language education.

2013 :  At the end of August 2013, Semyon Dukach, Borya Shakhnovich, Vadim Yasinovsky, Dan Pasko, and Torben Majgaard invested $180,000 in Preply, making it a premier educational company in Ukraine. It was in 2013 that the corporation began growing into the markets of Ukraine and Belarus.

2016 :  The Preply platform was redesigned in 2016 by incorporating a machine learning algorithm to recommend and classify teachers.

2018 :  All-in-one language learning environment, with integrated video platform, online chat, screen sharing and more, was released in 2018 as Preply Classroom formerly Preply space.

2019: During the year 2019, Preply launched a new office in Barcelona, Spain, and expanded its services to the UK, Germany, and the Spanish-speaking market there.

2021: There have been eight financing rounds for the app, totaling $50.6 million.

The Innovative Contribution of Preply

The product of Preply is based on human tuition one-on-one. Matching between students and tutors is improved using a machine learning algorithm that takes into account factors such as the student’s needs and the tutor’s availability.

They created a curriculum offering exclusively for Preply that includes AI-assisted placement exams, interactive vocabulary exercises, and other elements that are available across all platforms.

 

Meet The CEO

Kirill Bigai

For more than a decade, Kirill Bigai has been the CEO and co-founder of Preply, a global educational network that connects students with tutors in 185 countries. The company was formed in 2012 and was named by Forbes as one of the world’s 30 finest startups. Kirill Bigai, the host of the Big Fish Youtube channel, recently discussed the importance of building a solid team and developing a cutting-edge product.

 

Major Competitors

  • Verbling – https://www.verbling.com
  • Fluentbe –https://www.fluentbe.com

 Useful Links

  • Preply Website
  • Facebook Page
  • LinkedIn
  • YouTube

Resources:

  • https://preply.com/ 
  • https://preply.com/en/about-us
  • https://www.indeed.com/cmp/Preply/reviews?fcountry=ALL
  • https://www.linkedin.com/company/preply
  • https://en.wikipedia.org/wiki/Preply
  • https://www.crunchbase.com/organization/preply
  • https://www.glassdoor.com/Reviews/Preply-Reviews-E1620838.htm 

 

Editorial Team

Editorial Team

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