It may be common for university or pre-university students to give tuition services to their younger peers to earn their first paychecks. 

But can you imagine building a multi-million dollar business out of it? In fact that is exactly what our guest for today did. 

In fact, 25-year-old Evan Heng started Zenith in 2019 to help Junior College students thrive in the Singapore education system. 

The entrepreneur opened his first tuition centre with S$100,000 of his savings and now has over four centres, 90 staff and a revenue of – get this – a whopping S$6.7 million in 2022. 

The firm says it is now serving over 10% of all junior college students in Singapore every year. It has also opened the firm to institutional investors, having raised US$1.4 million in a seed funding round in July this year. 

The firm had said then that it wanted to expand from physical tuition centres to education technology, but why is this the case? What does this suggest about the limit to growth in the physical private tuition centre business, and what is next for Zenith Education?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Evan Heng, CEO, Zenith Learning Group.