Page 19 - Edtech

Great Learning focuses on job readiness of students, looks to raise $60 mn

Great Learning, an online education site, is focused on an optimal combination of process, technology and people

Numerology helped close Byju's deal: Aakash Educational's J C Chaudhry

JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he did the deal with Byju's based on numerology

Ronnie Screwvala's upGrad breaches Rs 1,200-crore annual revenue rate

Clocks revenue of Rs 100 cr in March; set to acquire two start-ups to strengthen presence in higher education sector

Byju's acquires Aakash Educational Services for $1 bn via strategic merger

The addition of Aakash is a significant step towards strengthening Byju's product offering

Byju's raises $460 mn in ongoing Series F round led by MC Global Edtech

As reported earlier, Byju's is in talks to raise up to $700 million from new and existing investors in a fresh funding round

Online education platform Coursera targets over $4 bn valuation in US IPO

Online education provider Coursera Inc is aiming for a valuation of more than $4 billion in a US initial public offering (IPO), a regulatory filing on Monday showed

Edtech platform Vedantu aims for 1 million paid users by March, 2022

Online live tutoring platform Vedantu has seen significant growth in the number of users coming to the platform, and the company aims for its paid userbase to touch one million by March next year. Vedantu, which competes with players like Byju's, has also launched a national initiative - V.O.T.E (Vedantu Online Talent Exam) that will include an assessment exam for students of grades 5-12. "2020 and the pandemic has had a major impact on the industry and the company. This is the year when the category and the category awareness shot through. The challenge was around making parents aware and understand the format, and get them to trust the format because their default was to go to an offline tutoring or coaching centre," Vedantu Chief Executive Officer and co-founder Vamsi Krishna told PTI. He added that during COVID-induced lockdown, online classes were the only option. "This was a mega awareness-building episode and parents now know that this is a viable option. This year, we have

Ed-tech firm Vedantu to hire 2,500 people in next 3 months

Ed-tech platform Vedantu on Tuesday said it aims to hire 2,500 employees in the next three months across the board

Seeking professional success: Harappa goes back to the drawing board

Harappa offers 25 courses at a price of Rs 899 per course for newcomers

Byju's likely to close $800-million Aakash Educational deal by March

The edtech decacorn which is valued at about $12 billion is scouting global markets including the U.S and India to acquire many other smaller rivals which could help it scale up faster

For investors, edtech is the darling of the day: Kaizen's Sandeep Aneja

By 2025, estimates indicate the sector will touch $12 billion. Last year saw a higher amount of total investments in the sector compared to investment of $1.7 billion in the last 10 years combined

Edtech player Doubtnut raises Rs 224 cr for vernacular base expansion

DIG, James Murdoch's Lupa Systems and and existing investors Sequoia, Omidyar Network and Waterbridge Ventures participate in funding

Edtech, logistics and gig-economy to drive jobs as startups step up hiring

Freshers hiring likely to double as compared to last year

Vedantu bets on inorganic growth, acquires doubt-solving app Instasolv

Company open to other such deals in future, says co-founder

Sachin Tendulkar takes guard for new innings at edtech firm Unacademy

The investment will pave the way for Tendulkar to become a brand ambassador of Unacademy

Vedantu acquires doubt-solving platform Instasolv for an undisclosed amount

Ed-tech startup Vedantu on Monday said it has fully acquired Instasolv, a doubt-solving app for students of class 6 to 12 for science, mathematics, as well as for those of IITJEE and NEET. The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round funding in Instasolv. "Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratise education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement. This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant doubt-solving space, where doubts are solved by quality teachers in a chat format. In 2020, Vedantu has delivered 75 million hours of classes across its platform and with 6.3

Start-ups in edtech, logistics, gig economy to drive jobs in 2021: Report

90% of companies surveyed say they will be hiring at the same pace as pre-Covid period

HDFC Bank invites applications from entrepreneurs for SmartUp grants

The bank will be focusing on start-ups in the education (edtech) and skill development sector this year for the grant

Edtech startup Newton School raises $5 million Series A round of financing

City-based ed-tech startup, Newton School, has raised USD five million Series A round of financing, led by RTP Global. The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkarts CEO Kalyan Krishnamoorthy, CREDs Kunal Shah, Freshworks Girish Mathrubootham, Udaans Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with a slew of angels also participated in the round, it said in a statement. The capital will be used for team expansion, scaling student intake and product development, it was stated.

Fate of budget private schools hangs in the balance as they wait to reopen

Hit by non-payment of fees, schools fear that many students will not return