Page 36 - Edtech

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 ...

How Eruditus has carved a distinct niche for itself in ed-tech landscape

Last year ended with a revenue of $170 million and this year (end July) the company will touch a revenue of $450-500 million with 15-20 per cent accruing from India

China's crackdown on tech firms opens short window for Indian starts-ups

Beijing's decision to crack down on its tech start-ups has opened a window of opportunity for domestic start-ups, but it could close soon too

Meet Anita Kishore, the strategist behind Byju's global acquisitions

While the organic growth continues to be strong for Byju's, the edtech giant sees inorganic routes including acquisitions as another pillar for growth and expansion, says chief strategy officer Anita

Explained: Why founders of Simplilearn chose fundraising over outright sale

Like many edtech players, Simplilearn decided to raise some money in 2020 to fund its expansion plans

Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel

Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions

Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn

Some existing shareholders are also offloading about $200 million stake

Edtech platform BlueLearn raises Rs 3.25 cr in pre-seed funding round

BlueLearn was founded earlier this year by Harish Uthayakumar and Shreyans Sancheti who are currently in their final year of electrical engineering at BITS Pilani

Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn

Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million

Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn

Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion

Edtech firm upGrad becomes new unicorn at $1.2 billion valuation

The company raised fresh funds to tune of $185 mn from Temasek, IFC and IIFL

WhiteHat Jr Founder Karan Bajaj moves on, Trupti Mukker new CEO

Karan Bajaj, Founder and CEO of leading online learning platform WhiteHat Jr, is moving on to kick off the next chapter in his life

Ed-tech giant Byju's eyes $1 billion revenue in US in three years

Byju's has quietly moved into other global markets such as the UK, Australia and New Zealand

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,