Page 31 - Edtech

Edtech firm Schoolnet aims Rs 6,000 cr revenue in next 5-7 years

Edtech firm Schoolnet aims to grow multifold to generate Rs 6,000 crore in the next 5-7 years from expansion of services in schools and subscriber growth on its learning app. The 25-year old firm provides digital classrooms to around 40,000 schools at present, along with digital learning content and trains teachers, Schoolnet head of strategy Arindam Ghosh said. The company claims to have reached a revenue of Rs 800 crore before the COVID-19 outbreak, but it came down due to the closing of schools during the lockdown. Ghosh said the company expects to close the current financial year with a consolidated number of around Rs 400 - 450 crore if all goes well. "There was an impact on the overall revenue during the Covid times, but we have maintained profitability even in this current year. We would be maintaining that. In long term, we are looking at revenue of Rs 6,000 crore over a 57-year horizon for which significant augmentation of resources will be required," he said. The company

Online higher education, lifelong learning mkt to hit $5bn by 2025: Redseer

Relaxation in rules governing degrees, supply-side capacity gap will be key drivers of this growth, going forward

Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round

Amazon Academy starts JEE, NEET courses for aspiring engineers, doctors

As part of these packs, the students will get a total of 360+ hours of live lectures across key subjects on Amazon Academy.

Torus Primero aims to provide vocational training to 1 mn in 18 months

Torus Primero Edutech is the fourth initiative being launched by Cosmea Financial Holdings (CFH) under its portfolio

Edtech unicorn Unacademy to open offline experience centres

Company has plans to establish similar touchpoints across the country starting with Kota, Jaipur, and Lucknow

Edtech firm Unacademy eyeing IPO in next few years, says co-founder

Unacademy Group co-founder and CEO Gaurav Munjal also said the company is looking to expand its Relevel division -- which is a test platform for private jobs -- to global markets

Byju's raises $800 mn in funding led by founder at $22-bn valuation

The investment comes at a time when the company is gearing to come up with its initial public offer in the next 9-12 months

Indian co-founded edtech startup Cialfo extends series B funding to $60 mn

Cialfo began its India operations in 2019 and has already enrolled over 300 high schools and 60 universities from the country as members

Skill-Lync ties up with Renault Nissan Tech to train, upskill professionals

Education technology start-up Skill-Lync on Monday said it has partnered with Renault Nissan Technology & Business Centre India (RNTBCI) for training and up-skilling of professionals. The partnership will drive comprehensive talent transformation programmes and the two partners will launch co-branded programmes to build a talent pipeline for their future needs, the company said in a statement. RNTBCI is the captive automotive technology and business centre supporting automotive alliance Renault and Nissan globally. As part of the partnership, Skill-Lync's students trained in various areas, including electric vehicles, autonomous vehicles, embedded systems, model-based development, automotive design, finite element analysis (FEA), computational fluid dynamics (CFD), and data analytics and data science, will be considered for entry-level and lateral hiring at RNTBCI, depending upon suitable skill sets and requirements. Moreover, internship opportunities will also be provided to ...

New innovative edtech startups likely to bloom amid pandemic: Experts

Also, with offline schools and colleges opening up, learning will now evolve to a more nuanced blended delivery model with a mix of online and offline

Scaler buys edtech firm AppliedRoots for $50mn to expand online courses

Last year, Scaler acquired Coding Minutes and CodingElements, both online tutors.

Prime Venture Partners' Fund IV closes at $120 million

It will invest in disruptive technology companies across fintech, edtech, healthtech, consumer internet and Global SaaS.

Edtech firm CollegeDekho acquires its peer Getmyuni for Rs 50 crore

Edtech firm CollegeDekho has acquired its peer firm Getmyuni for Rs. 50 crore in a mix of cash and equity deal, a move that will aid the company's revenue growth, according to a top company official.

Ronnie Screwvala-backed startup Lido Learning shuts shop, workers seek help

Many Lido Learning's employees and vendors complained about not getting salaries for nearly two months and delayed payments on professional networking platforms and social media

Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency

Ties up with payment gateway TripleA; will accept Bitcoin, Tether, and Ethereum in more than 30 countries it operates in, including US, Canada, UAE, Nigeria, Malaysia, Thailand

Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

Edtech firm Byju's plans to expand its free education programme

Edtech firm Byju's on Thursday said it will expand its free education programme to cover 1 crore students in rural and remote areas of the country by 2025.

We're forgetting the world belongs to humans too: XBillion Skills Lab CEO

In a Q&A, Samyak Chakrabarty says jobs surviving automation will need skills involving communication, critical thinking, negotiation and storytelling

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more