Page 17 - Edtech

New crop of niche edtech players help solve less obvious problems

Some use behavioural science and cognitive skills to help execs level up across crucial career cusps, others bank on AI-enabled counselling for students

upGrad acquires global edtech firm KnowledgeHut for undisclosed sum

Edtech platform upGrad on Tuesday said it has acquired global firm KnowledgeHut for an undisclosed sum.

Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar

Company say it has collaborated with over 800 industry experts for creating course content.

Edtech start-up Skill-Lync raises $17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. "Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries,

Edtech startup Unacademy gets $440 mn funding, valuation crosses $3.44 bn

Unacademy Group's valuation has grown almost ten times in 18 months, riding on demand for online training

Unacademy raises $440 million in fresh funding at $3.44 billion valuation

Over the last 18 months, the valuation of the Unacademy Group has risen almost 10X.

Edtech firms Byju's, Unacademy, upGrad to benefit as Chinese players tumble

Indian edtech companies have had a dream run, helped by the pandemic and education moving online

Byju's on an acquisition spree, buys Great Learning for $600 mn

The edtech decacorn has now spent over $2 billion for acquisitions over the last six months

upGrad to tackle next phase of evolution through three distinct pathways

upGrad recorded an annual run rate of $120 mn for the year ended March 2021

SoftBank-backed Unacademy announces teacher stock options worth $40 mn

Unacademy competes with players such as Byju's, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes

Byju's enters higher education segment, acquires Great Learning for $600 mn

The sellers of Singapore-based Great Learning will receive certain payments based on its future performance, and Byju's will set aside a further $400 mn to boost the unit's growth

Byju's acquires US-based digital reading platform Epic for $500 mn

The acquisition will help Byju's expand its US footprint; firm seeks to become a natural part of America's learning culture

Blackstone's $250 mn to make Simplilearn world's top digital skills co: CEO

The firm, which is already global, will use the funding to double down in its primary markets such as the US and India and expand in Europe and LatAm

Blackstone to acquire majority stake in Simplilearn for $250 million

Simplilearn Solutions on Monday said Blackstone will acquire a majority stake in the edutech company for USD 250 million (about Rs 1,860 crore). Private equity funds managed by Blackstone have entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions, a statement said. Simplilearn founder and CEO Krishna Kumar said Blackstone is investing USD 250 million in the company. The previous investors - Kalaari Capital, Helion Venture Partners and Mayfield Fund - have exited now, but the management of Simplilearn remains the same and their stake will also remain unaffected, he told PTI. Details of the quantum of the stake being bought and valuation of Simplilearn were not disclosed. Simplilearn was founded in 2010 and the company has been profitable for the fourth year in a row. The platform offers over 100 programmes to help early to mid-career professionals acquire new-age digital skills across cloud, DevOps, data science, artificial intelligence and ..

Capital India infuses over Rs 187 crore in education fintech Credenc

Capital India Finance Ltd (CIFL) on Monday said it has invested over Rs 187 crore (USD 25 million) in education-focussed lending fintech Credenc.

Edtech firms MPOWER, Credenc get $125 mn in funding for business growth

The companies work with Indian students going abroad for education, partner with colleges and companies.

Blackstone invests $250 mn in edtech firm Simplilearn, gets majority stake

Indian startup company offers more than 100 programmes to help early to mid-career professionals

Coffee with BS: Manipal group's Ranjan Pai on charting an ambitious course

Pai is charting an ambitious course for his group in his characteristic self-assured and understated manner, writes Anjuli Bhargava

Vedantu ties up with AI-based interactive digital books platform Pedagogy

The Tiger Global-backed edtech firm intends to make Pedagogy's unique product accessible to Vedantu's 30 million students at an affordable price.

AdmitKard raises Rs 10 cr in pre-series A round from startup founders

The pandemic certainly wreaked havoc on the start-up industry, however, ed-tech has been one of the sectors to witness growth in traction