BharatStudent.com one of the shady web 2.0 social networking sites targeted at the Indian youth has reported revenue of Rs 30 mn for the quarter ended Dec-07. Half of the revenue was from online advertising and the other half from its study abroad programs. The company’s online advertising order book has already reached $12 mn [Rs480 mn] [Source Citi]
Northgate, promoter of BharatStudent.com is planning to open physical offices across the country for students, as they have contracted with ETS to be their test taking center operators, enabling BharatStudent.com user base who wishes to take necessary exams [TOEFL / GRE /GMAT]
BharatStudent.com expects to break even by the end of March-09.