Know About NuShala: An Innovative Solution To Bridge Working Capital Gap Of Private Schools
By NuShala, a startup founded in 2021 by Divyam Agrawal and Ratindra Pande, has taken on the challenge of addressing the fee collection gap faced by private schools in India. With their innovative app and strategic partnerships with leading financial institutions, NuShala offers a practical and efficient solution that helps schools overcome working capital issues.
Private schools play a vital role in providing quality education to students. However, they often encounter challenges in fee collection, resulting in working capital gaps.
Traditionally, fee collection involves manual processes, which are time-consuming, inefficient, and prone to errors. This can lead to delays in payment processing and cash flow issues for schools.
Recognizing the need for a streamlined and hassle-free fee collection system, NuShala has developed an app that simplifies the entire process.
The startup partners with leading financial institutions in India to leverage their expertise and resources, ensuring a secure and efficient payment ecosystem. They have esteemed partners like ICICI Bank, Central Bank Of India.
Schools can easily transfer their data from registers or ERPs to NuShala’s platform, enabling a seamless integration. Once the school’s data is transferred, NuShala generates detailed reports for school owners, providing valuable insights into fee collections and financial trends.
Additionally, the app facilitates direct communication with parents, keeping them informed about payment schedules and other important information. This transparent and proactive approach ensures that parents are aware of their financial obligations, ultimately leading to improved fee collection rates for the schools.
One of the most significant advantages of partnering with NuShala is the daily payouts offered to schools.
Instead of waiting for long durations, schools receive regular payments directly into their accounts.
This efficient cash flow system helps schools bridge the working capital gap, allowing them to manage their expenses and operations smoothly.
The innovative app and strategic partnerships have revolutionized fee collection for private schools in India. By providing a user-friendly platform, detailed reports, parent communication, and daily payouts, NuShala empowers schools to overcome working capital issues.
As technology continues to reshape the education sector, startups like NuShala play a crucial role in streamlining operations and ensuring financial stability for schools.
