Page 37 - Edtech

At $16.5 bn, Byju's most valuable startup in India after raising $350 mn

As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world

upGrad plans to hire over 1,000 employees in 3 months as demand grows

Global edtech firm upGrad on Tuesday said it is planning to hire over 1,000 people in India in the next three months across departments to address the growing demand of the company. The opportunities will be across departments like Learning Experience, Delivery, Marketing, and Program, along with Sales which will remain predominant, upGrad said in a statement. The edtech company will be hiring from its own learners' talent pool through upGrad Rekrut hiring drive. The fresh Sales recruits will work in a 'Temporary Safe Workplace Bubbles' across 5-star hotel properties in Mumbai and Bangalore, which will further extend to cities like Hyderabad, Delhi and Kolkata. "Our hiring plan is a result of the rapid growth that we have seen in the last 18 months. With global expansions taking shape, we are all set to ramp up our support and business teams to continue meeting the strong demand for LifeLongLearning that we are experiencing, upGrad CEO- India, Arjun Mohan added.

Rocket Learning aims to change academic fate of kids at bottom of pyramid

How Rocket Learning is laying the foundation of education for children from low-income families

Edtech startup Avishkaar raises Rs 5 crore of funding in pre-series A

Avishkaar plans to utilize the funding towards product development and further expansion of its portfolio in addition to hiring talent

Edtech startup Testbook now has 1.8 million paid users, 18 mn subscribers

Edtech startup Testbook on Monday said it has crossed over 1.8 mn paid users from the total of 18 mn registered users on its platform

EdTech startup Tekie raises $1.5mn in seed fund from GSV, Multiply Ventures

Better Capital has also participated in the round

Boost your skills via e-learning to enhance your career in Covid times

Online courses work as well as offline ones today, for those seeking a career shift or pay hike, or for those out of jobs

Edtech startup Teachmint raises $16.5 million in Series A funding round

Online teaching platform Teachmint on Tuesday said it has raised USD 16.5 million (around Rs 120 crore) in a Series A funding round led by Learn Capital. This investment round also witnessed participation from CM Ventures, and existing investors like Lightspeed and Better Capital, the company said in a statement. This is Teachmint's third round of investments within 10 months of its launch in May 2020, raising more than USD 20 million in capital. The ed-tech firm will use these funds for hiring top talent, R&D on teaching technology, strategic acquisitions and further market expansion. We are excited to welcome Learn Capital who have been partners to the journeys of some of the largest education companies globally. We look forward to learning from their experience across global markets. We are also thankful to CM Ventures as well as our existing investors Lightspeed and Better Capital for their continued support towards our cause, Teachmint co-founder and CEO Mihir Gupta added.

Byju's to raise $150 mn from UBS, to be valued at $16.5 bn: Report

Byju's is raising about USD 150 million from UBS Group AG that will value the edtech major at about USD 16.5 billion, according to sources. UBS could also infuse additional funding into Byju's that has seen significant growth in the past few quarters on the back of strong uptake of online education, the sources close to the development said. Byju's declined to comment, while response from UBS Group AG could not be immediately ascertained. Think & Learn Pvt Ltd, which operatesByju's, is backed by marquee investors like Mary Meeker, Yuri Milner, Chan-Zuckerberg Initiative, Tencent, Sequoia Capital, Tiger Global and others. It is estimated to have raised over USD 2 billion in funding to date. Byju's is said to be looking at raising USD 600-700 million in funding to further accelerate growth. Earlier this month,Byju's, which is the most-valued edtech start-up in the country, had acquired Aakash Educational Services Ltd (AESL) to bolster its presence in the test preparation segment in

With Temasek's $120 mn, Ronnie Screwvala's UpGrad set for $1 bn valuation

Entrepreneur says his upskilling startup is targeting $2 billion in revenue by 2026.

K-12 EdTech player LEAD School secures $30 mn in Series D round fundraise

The company's Integrated System for schools has driven 3X growth in 2020 by helping schools deliver uninterrupted learning whether online, hybrid or in physical classrooms

Edtech start-up upGrad raises $120 mn funding from Singapore-based Temasek

upGrad on Monday said it has raised USD 120 million (about Rs 897.3 crore) from Singapore-based Temasek, making this the first external fund-raise by the edtech major. Since its inception in 2015, upGrad has been 100 per cent owned, funded, and run by its co-founders as a capital-efficient business. upGrad plans to use the fresh capital to further strengthen its team, scale its global market operations and bolster its technology and product capabilities, a statement said. The company will also pursue merger and acquisition (M&A) opportunities, expand graduate and post-graduate degree portfolio in India, and scale up operations to achieve its USD 2 billion revenue goal by 2026, it added. "We welcome Temasek in our mission to power career success for each and every member of the global workforce as their trusted LifeLongLearning partner and drive meaningful career outcomes," upGrad co-founder Ronnie Screwvala said. This capital will further fuel the company's commitment towards ...

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