Page 39 - Edtech
HDFC Bank invites applications from entrepreneurs for SmartUp grants
The bank will be focusing on start-ups in the education (edtech) and skill development sector this year for the grant
 "HDFC Bank invites applications from entrepreneurs for SmartUp grants")
Edtech startup Newton School raises $5 million Series A round of financing
City-based ed-tech startup, Newton School, has raised USD five million Series A round of financing, led by RTP Global. The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkarts CEO Kalyan Krishnamoorthy, CREDs Kunal Shah, Freshworks Girish Mathrubootham, Udaans Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with a slew of angels also participated in the round, it said in a statement. The capital will be used for team expansion, scaling student intake and product development, it was stated.
 "Edtech startup Newton School raises $5 million Series A round of financing")
Fate of budget private schools hangs in the balance as they wait to reopen
Hit by non-payment of fees, schools fear that many students will not return
 "Fate of budget private schools hangs in the balance as they wait to reopen")
Traditional education needs a rethink as Covid accelerates ed-tech adoption
Perhaps the most exciting opportunity for MBA programmes will be to craft a life-long experience for its students rather than one limited to one or two years
 "Traditional education needs a rethink as Covid accelerates ed-tech adoption")
Talks with Byju's on, but could take several weeks: Aakash Educational MD
Talks for a partnership with Indian unicorn Byju's reflect several prescient moves by this second-generation promoter
 "Talks with Byju's on, but could take several weeks: Aakash Educational MD")
Tiger Global, others buy $50 mn shares from existing investors of Unacademy
The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment
 "Tiger Global, others buy $50 mn shares from existing investors of Unacademy")
Byju's in talks to buy Aakash Educational Services for $700 million
New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India
 "Byju's in talks to buy Aakash Educational Services for $700 million")
The edtech founder who wants students to discover their innate talent
Vedantu co-founder Saurabh Saxena wants students to look beyond classroom and harness their creative genius through his third edtech startup Uable
 "The edtech founder who wants students to discover their innate talent")
Covid-19 impact: Hybrid model to be the next chapter in edtech sector
2020 was in fact the most exciting year for edtech start-ups, which brought online education to the mainstream
 "Covid-19 impact: Hybrid model to be the next chapter in edtech sector")
Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic
Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems
 "Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic")
E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom
Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months
 "E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom")
Unacademy gears up to take on Byju's K-12 education, coding space
Flush with fresh funds, the Bengaluru-based company is planning to make acquisitions and pick strategic stakes in firms
 "Unacademy gears up to take on Byju's K-12 education, coding space")
Edtech startup upGrad buys recruitment firm Rekrut India
The amount was undisclosed
 "Edtech startup upGrad buys recruitment firm Rekrut India")
Edtech startup Classplus signs Sourav Ganguly as its brand ambassador
Edtech startup Classplus announced former Indian cricket captain, Sourav Ganguly as its brand ambassador and nationwide celebrity endorser
 "Edtech startup Classplus signs Sourav Ganguly as its brand ambassador")
Kalpathi Group's ed-tech arm Veranda acquires Chennai Race for Rs 100 cr
New brand Veranda Race will initially offer online training programmes for Banking, Staff Selection Commission and TNPSC; also plans course content in 11 Indian languages by December 2021
 "Kalpathi Group's ed-tech arm Veranda acquires Chennai Race for Rs 100 cr")
Edtech firm Educational Initiatives looks to achieve steady growth
Unlike its rivals, the firm's approach has been to keep its head down and stick to the knitting.
 "Edtech firm Educational Initiatives looks to achieve steady growth")
Edtech player Great Learning scouts for start-ups in inorganic growth push
Firm has seen a 10x spike in user base since lockdown as companies such as Maruti and IndiaMart have tied up with it for employee training programmes
 "Edtech player Great Learning scouts for start-ups in inorganic growth push")
Kalpathi Group enters ed-tech space with Rs 50 cr investment in new venture
Veranda will offer training programmes in test preparation for all competitive exams in India
VC investments in B2B ed-tech start-ups up 77% to $30 million
A report by RedSeer and Omidyar says pandemic-driven online education offerings across Classes 1 to 12 are projected to rise 6.3x by 2022 to create a $1.7 billion market
 "VC investments in B2B ed-tech start-ups up 77% to $30 million")
Start-ups tangled in lawsuits is very disturbing: Founder of Whitehat Jr
Shortly after the Delhi HC hearing, Karan Bajaj, said in a Q&A that all their objectives were met through the suit
 "Start-ups tangled in lawsuits is very disturbing: Founder of Whitehat Jr")