Page 35 - Edtech
Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn
Post acquisition, Spayee will continue to operate independently; it allows content creators to produce customised courses in audio and video, PDF documents, quizzes, assignments and live classes
 "Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn")
Graphy acquires edtech platform Spayee for $25 million
Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDF documents, quizzes, assignments, and live classes
 "Graphy acquires edtech platform Spayee for $25 million")
Boom time: 31 and counting, happy hour for India's unicorn club
The great unicorn rush, that started with Digit Insurance this year, has covered diverse sectors from fintech to e-shopping and even cloud kitchen
 "Boom time: 31 and counting, happy hour for India's unicorn club")
Edtech startup upGrad crosses $210 million annual revenue run rate
The firm has chalked a multidimensional growth plan
 "Edtech startup upGrad crosses $210 million annual revenue run rate")
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
 "Edtech giant Byju's is raising $300 mn, valuation may touch $18 bn")
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
 "InnoVen Capital announces first close of new fund at Rs 740 crore")
88academics raises $3 mn in pre-series A round led by Aarin Capital
Prime Securities Limited was the exclusive Investment Banker to this transaction
 "88academics raises $3 mn in pre-series A round led by Aarin Capital")
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
 "FrontRow raises $14 million in funding from Eight Roads Ventures, others")
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
 "Eupheus Learning acquires edtech startup ClassKlap in $19 mn deal")
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
 "Where to learn a foreign language for travel, career or cultural enrichment")
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
 "Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning")
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
 "Byju's in talks to raise up to $600 million ahead of IPO next year")
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.
 "Edtech firm Cuemath appoints former Swiggy executive Vivek Sunder as CEO")
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.
 "CollegeDekho raises $26.5 mn funding from Winter Capital, ETS, Man Capital")
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.
 "Late stage technology deals at an all time high in India: IVCA-EY report")
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.
 "Overseas education company Leap raises Rs 400 cr in Series C funding")
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
 "Google-backed edtech firm offers free math courses to win users in India")