Page 34 - Edtech

Edtech giant Byju's is raising $300 mn, valuation may touch $18 bn

In June, Byju's became India's most valuable unicorn startup with a valuation of $16.5 billion, surpassing fintech company Paytm's $16 billion valuation

InnoVen Capital announces first close of new fund at Rs 740 crore

The first close was done with anchor investor Innoven Capital Pte Ltd, a joint venture between Seviora (a wholly-owned subsidiary of Temasek) and United Overseas Bank

88academics raises $3 mn in pre-series A round led by Aarin Capital

Prime Securities Limited was the exclusive Investment Banker to this transaction

FrontRow raises $14 million in funding from Eight Roads Ventures, others

FrontRow, founded by Shubhadit Sharma, Mikhil Raj and Ishaan Preet Singh, nine months ago and has scaled to 50,000 paid learners across over 2000 cities worldwide

Eupheus Learning acquires edtech startup ClassKlap in $19 mn deal

With this, Eupheus will become India's largest school-focused edtech firm and the only firm in K12 space to operate in both premium and affordable school segments

Where to learn a foreign language for travel, career or cultural enrichment

Today apps will help you pick up European, Oriental and Arabic on your smartphone. You can also go for short-term courses at edtechs or full-blown ones at regular institutions

B2B edtech Eupheus Learning raises $10 mn in Series C from Lightrock India

Eupheus will use the funds to scale faster, pursue inorganic growth via acquisitions. It aims to democratise access to 21st Century learning solutions to school students

Hybrid learning here to stay, like work: Re­port by PwC and CII

The management of the institutes are actively looking to partner with edtech firms, according to the report

Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning

The company plans to use this new round of capital to fuel its aggressive expansion plans in India as well as abroad

Byju's in talks to raise up to $600 million ahead of IPO next year

The Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion

Edtech firm Cuemath appoints former Swiggy executive Vivek Sunder as CEO

Cuemath, an online math learning platform, on Thursday said it has appointed former Swiggy executive Vivek Sunder as its Chief Executive Officer.

CollegeDekho raises $26.5 mn funding from Winter Capital, ETS, Man Capital

CollegeDekho on Wednesday said it has raised USD 26.5 million (about Rs 200 crore) in an ongoing funding round, led by Winter Capital Partners, ETS Strategic Capital and Calega.

Late stage technology deals at an all time high in India: IVCA-EY report

Among overall sector-wise trends and deals, fintech (financial technology) topped the charts with 61 deals followed by edtech (education technology) with 42 deals.

Overseas education company Leap raises Rs 400 cr in Series C funding

The firm said it is seeing an unprecedented demand from students to move abroad this year as international borders open post-Covid.

Edtech giant Byju's acquires online exam preparation platform Gradeup

The partnership will bolster Byju's presence in the fast-growing online competitive examination preparation category along with harnessing Gradeup's pedagogy and student reach.

Google-backed edtech firm offers free math courses to win users in India

Cuemath's premium curriculum, which normally costs $299 a year, will be free for subscribers who invite two new users

Aakash transforming into hybrid edtech firm after Byju's $1 bn acquisition

Aakash Educational Services will launch 106 new centres across the country in the next 5 months including reaching Tier-3 and Tier-4 cities and towns.

India's edtech firms aim global as a massive consolidation plays out

Some players are worrying about factors that could topple over this nascent edifice

Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%

Byju's is on an acquisition spree, amf has spent over $2 bn to buy six companies in India and the US this year

Upgrad doubles learners base in eight months, crosses 2-million mark

The pandemic-driven work-from-home and the resultant demand for upskilling/reskilling have helped higher education major Upgrad, which recently turned a unicorn with a valuation of USD 1.2 billion, double the learners base on its platform in just eight months, crossing the 2-million mark. During the first wave of the pandemic, the platform had doubled its customer base to 1 million in ten months (by January 2021) and had set a target of crossing the 2-million mark in 18 months since then, but it achieved the same in just eight months. By crossing 2 million learners base as of today, Upgrad has become the largest online higher education platform in the country, co-founder and chairman Ronnie Screwvala told PTI on Monday. The company, in which investors such as Temasek, the IFC and IIFL collectively own close to 30 per cent, said the faster growth has been propelled by its strategic merger and acquisitions (M&As) as well and includes international learners driven by the brand's ...