October 2020
CategoryStories
Competition77
Industry84

Competition

19 spots forever Twitter notices another bizarre stat in White Hat Jr adsedit

Free Press Journal – Online Web

Amidst the ongoing controversy over advertisements of WhiteHat Jr, Twitter has found out one more pattern in the advertisements of the Mumbai-based Edtech startup. This time it’s the several advertisements which show exactly 19 spots left. One Twitter user pointed out the trend in a few screenshots of the WhiteHat Jr ads.

[TechSparks 2020] Sequoia’s Rajan Anandan and MeitYs Ajai Garg discuss how India can truly become Aatmanirbharedit

Your Story – Online Web

He also believes that India has the potential to become a global hub for edtech and highlights that companies such as WhiteHat Jr and BYJUS are building solutions from India for the world. According to him, we need to create the next million teachers who will teach the world.

WhiteHat Jr withdraws ads after complaints and social media angeredit

Thedrum – Online Web

The Indian coding platform company was acquired by one of the largest edtech unicorns BYJUs in August 2020 and has been aggressively pushing out its brand messages via its campaigns for, last few months, even before it got acquired. The coding company decibel marketing campaign did get it noticed.

BYJUS backer Lightspeed India invests in a live tutoring platform Teachmintedit

Business Insider – Online Web

Teachmint, a live tutoring platform, has raised $3.5 million from Lightspeed India and its existing investors Better Capital and Titan Capital (the VC firm founded by Snapdeal founders Kunal Bahl and Rohit Bansal). Interestingly, Lightspeed India has invested in this platform even as the VC firm backs Indias biggest edtech startup BYJUS.

ASCI asks BYJUs White Hat Jr to withdraw its social ads for making misleading claimsedit

Business Insider – Online Web

BYJUs White Hat Jr is the most recent brand to come under (ASCI) scrutiny as its ads did not sit well with the consumers. The industry body has asked White Hat Jr to remove five of its ads for making misleading claims on social media.

WhiteHat Jr Ads Are Banned By Advertising Body; All Ads To Be Removed Because They Are Misleadingedit

Trak – Online Web

WhiteHat Jr Ads Are Banned By Advertising Body; All Ads To Be Removed Because They Are Misleading WhiteHat Jr Ads Are Banned By Advertising Body; All Ads To Be Removed Because They Are Misleading We all have watched the Whitehat Jr advertisements, where kids are encouraged to learn to code and be the next Mark Zuckerberg’s of their generations.

WhiteHat Jr Told To Remove Misleading Ads After Social Media Furoreedit

Inc 42 – Online Web

After getting acquired by Bengaluru-based BYJUS in August this year, WhiteHatJr has been on an aggressive marketing spree WhiteHatJr has been asked by the Advertising Standard Council of India to pull down at least five of its advertisements BYJUS-owned online coding platform WhiteHatJr has been asked by the Advertising Standard Council of India (ASCI), the advertising self-regulatory body, to pull down at least five of its advertisements which were in violation of the advertising code for making dubious and unsubstantiated claims.

WhiteHat Jr to take down ads on ASCI direction: Reportsedit

Exchange 4 Media – Online Web

The Advertising Standards Council of India said it has processed complaints against seven ads of the Byjus owned startup WhiteHat Jr has agreed to pull down its ads after being asked by ASCI to do so, media reports have said. The Advertising Standards Council of India said it has processed complaints against seven ads of the Byjus owned startup.

Pulled up for violation, Whitehat Jr withdraws ads on coding for kidsedit

The News Minute – Online Web

Pulled up for violation, Whitehat Jr withdraws ads on coding for kids Five of WhiteHat Jrs ads were found to be in violation of guidelines issued by the Advertising Standards Council of India (ASCI), for making unsubstantiated claims.

Masterclass with Unacademy on ESOPsedit

Times Now News – Online Web

Tune in for this Masterclass with Unacademy HR VP, Tina Balachandran. Unacademy became a unicorn recently and had also announced a Rs 30 Cr buyback of ESOPs.

India can provide teachers to the world, just like software engineers, says Byju Raveendran as he plans to take his $11 billion edtech startup to US shoresedit

Business Insider– Online Web

BYJUS is now looking to conquer bigger international markets, starting with the US. Speaking on the sidelines of the Business Insider Global Trends Festival 2020, Byju Raveendran said that just like how India provides software engineers to the world, we can also provide teachers.

Gubbare and Vedantu Channels Now Added on Airtel Digital TVedit

Telecom Talk – Online Web

Coming the second newly added channel, it is Vedantu. The two different Vedantu channels are available on 1666 and 1667 on the Airtel Digital TV platform. Both the Vedantu channels are educational in nature. Another thing to note about these Vedantu channels is that both of them are under the testing phase for the Airtel Digital TV.

[TechSparks 2020] Day 3 highlights: Ravi Shankar Prasad, Nirmala Sitharaman, Byju Raveendran, and moreedit

Your Story – Online Web

In a riveting keynote, he elaborated on why this is actually the “right time to start-up”. Then, in a virtual fireside chat with Shradha Sharma, Byju Raveendran, Founder and CEO of BYJU’S, revealed that he would gladly spend $500 million on the edtech sector if he could.

Training Basket: Shaping your present for a brighter futureedit

ANI News – Online Training Basket aims to crack edtech by reskilling and upskilling professional students. Noida-based startup Training Basket is an offline and online edtech platform that helps college and professional students gain new technology skills like networking, operating system, cloud computing, programming and coding skills.

9-Year-Old Coders Show How India Is Pioneering Online Educationedit

Bloomberg Quint – Online

Shivank Patel has been learning to write software code for a year, and he’s already built a handful of apps, including one for donating food to street children.

Piyush Goyal says startups demonstrated ability to turn Covid into business potential; hails edtechedit

The Financial Express – Online For instance, Byju’s in April said that 6 million new students accessed free lessons on its platform in March 2020. The company had also launched free ‘Live Classes’. Toppr too had announced free access to live classes and video classes while Unacademy had announced 20,000 free live classes

Exclusive: Advertising body asks WhiteHat Jr to pull down adsedit

Forbes – Online In a major blow to WhiteHat Jr, the Advertising Standard Council of India (ASCI) has asked Byjus-owned kids coding startup to pull down its advertisements that it says made dubious and unsubstantiated claims.

CSR: Vedantu donates 150 smartphones to government school students in Telanganaedit

India CSR – Online With online learning, the only way ahead for students in the backdrop of the coronavirus pandemic, Vedantu, a pioneer and leading LIVE online interactive tutoring platform, has launched an initiative to help and make education accessible to students in rural India.

[TechSparks] Ravi Shankar Prasad, Nirmala Sitharaman, Byju Raveendran and more, on Day 3 of TechSparks 2020edit

Yourstory – Online

The fireside chat with Byju Raveendran, Founder & CEO of BYJUs on Building a multinational edtech startup from India will have rich insights from the founder of India’s celebrated edtech decacorn.

Byju’s-owned Whitehat Jr. asked to take down misleading ads pushing kids to learn codingedit

The Tech Portal – Online Web

WhiteHat Jr, a platform owned by Byjus and based on teaching coding to children from a young age, has recently gone on an advertising spree, which has not to sit well with the audiences.

Advertising body ASCI asks WhiteHat Jr to pull down ads for violating norms: Reportedit

Free Press Journal – Online Web

WhiteHat Jr was acquired by Byjus for $300 million earlier this year. The company that claims to train young kids in coding has invited the wrath of parents and some tech experts for its aggressive marketing strategy.

[TechSparks 2020] There has never been a better time to enter edtech, says Byju Raveendranedit

Your Story – Online Web

However, Byju Raveendran, Founder, and CEO of edtech unicorn BYJUS, said that the market is nowhere close to saturation and that now is not a time to exit but time to enter for most edtech startups.

[TechSparks 2020] BYJUs and WhiteHat Jr. hired over 20,000 employees amid COVID19; more than 11,000 women aredit

Your Story – Online Web

In a virtual fireside chat with YourStory Founder and CEO, Shradha Sharma, Edtech entrepreneur and Founder and CEO, Byjus, Byju Raveendran said that his startup and the recently acquired coding learning platform WhiteHat Jr. has created over 20,000 job opportunities in the last six months.

upGrads latest ad depicts the pressures of getting into MBA colleges to focus on its management offeringsedit

Business InsiderThe Financial Express – Online

Conceptualized by The Womb, this commercial follows the clutter-breaking spot on IPL featuring the donkey, promoting the MBA offerings of the edtech major. Advertisement The pandemic has resulted in a flourishing demand for online upskilling With the last campaign ensuing a massive upsurge within the MBA vertical, upGrad an online higher education company is leveraging on the momentum by releasing a new ad film that focuses on its Management vertical.

WhiteHat Jr Accused Of Impersonating A Kid To Attend Competitors Classedit

Inc 42 – Online

Coding for kids platform Tekie has accused its competitor WhiteHat Jr. of using unethical tactics to understand and copy their model of teaching. In a scathing post on social media app LinkedIn, Tekie cofounder Naman Mukund alleged that an employee of WhiteHat Jr, impersonated a grade six students persona to attend Tekies trial class.

[Startup Bharat] Edtech platform BrainsPrep is offering online tuitions to school students in regional languageedit

Yourstory – Online

BrainsPrep was started in 2017 by Rajeevan N (61) as a learning app for his coaching institute named Brains, which was started in 1977, to provide study materials to its students. The app, which was developed as a side project by his son, Jithin Rajiv (24), a software development professional, got a good feedback from students who used it for their school exam preparation.

Light After Darkness: Kashmiri Pellet Victims Fight for Educationedit

Kashmir Observer – Online

Adil started using his neighbours slow data connectivity for lessons from Khan Academy which is an online American non-profit educational organisation. The American accent being different, it would sometimes take him 2 hours to fully understand a 5minute video.

The only 4 Indian women who made it to Asias Power Businesswomen list 2020, and their net worthedit

GQ India – Online

CoFounder, Byjus When we hear of Byjus we either think of founder Byju Raveendran or the ambassador Shah Rukh Khan. But what you probably didnt know was that Byjus cofounder is Raveendrans wife, who is among the Indian women on Forbes Businesswoman list 2020.

Saif Partner Closes Biggest Ever $400 India Fund; Rebrands to Elevation Capitaledit

Silicon India – Online

Currently Elevation has seven unicorns in its portfolio, including Paytms parent firm One97 Communications, food delivery startup Swiggy and online learning platform Unacademy. It manages total assets worth over $2 billion.

IPL 2020 attracts Rs 500 crore in sponsorships: Three factors that helpededit

Exchange 4 Media – Online

Dream 11, Unacademy, Equitas Small Finance Bank Limited, Performax, Ralco Tyres, Jai Raj Steel, Double Horse, FanCode Shop. IPL 2020 has a completely new support base, and mostly from homegrown brands. This year, some legacy brands have kept their distance from IPL 2020. And this in turn has paved the way for new entrants to join the league. And they have done so in hordes, albeit at a discounted price.

European Edtech Investor Brighteye Ventures Raises $54 Million for Second Fundedit

Edsurge – Online

The global education technology industry is headed for a record-setting year when it comes to venture capital investments. In the U.S., companies like Coursera are raising hundreds of millions at billion-dollar valuations. That’s dwarfed by their peers in India, where Byjus has already raised over $1 billion at a $10 billion valuation.

Chinese Online Education Unicorn Yuanfudao Completes $2.2 Billion Roundedit

China Money Network – Online

After the financing was completed, Yuandaodaos valuation surpassed the Indian K12 education platform BYJUS, which was valued at US$11.1 billion, and became the most highly valued unicorn in the global education technology industry.

Amid pandemic, while most Indian startups are struggling for funds, four have become unicornsedit

Scroll – Online

India’s economy has plummeted to record lows in recent months due to coronavirus-linked lockdowns. Yet, there are some bright stars in the country’s booming tech startup space.

Ex-Tesla CIO founded Tekion enters the unicorn club with $150M Series C roundedit

Your Story – Online

This year, Postman, Pinelabs, Unacademy, Nykaa, Zerodha, Firstcry, and Razorpay also made it to the famed unicorn club. Speaking on the investment, Eric Wei, Managing Director, Advent, said, Their dealer-friendly approach to contract terms and data ownership will be a breath of fresh air for dealers. We are incredibly excited about the platform and the size of the opportunity.

Delhi Based Edtech Startup Smartivity Raises $1 Mn Funding From S Chand And Othersedit

Inc 42 – Online

Smartivity, an augmented reality-based edtech startup, has raised $1 Mn (INR 6.6 Cr) Pre-Series A round of funding led by publishing firm S Chand and early-stage investment firm AdvantEdge Partners.This round also saw participation from Singapore-based fund CFG Offshore Holdings, Silicon Valley-based fund Tandem Capital and a clutch of angel investors.

Edtech Launch: Quizzy and Mogi Tie Up to Provide Solution for Online Schoolingedit

The Tech Panda – Online

A white label, plugandplay edtech solution offers live streaming, Learning Management System (LMS) and updated content on school curriculum, to enable schools to go online in just a week.

Top free courses websites to grow tech skillsedit

Uttrakhand News Network – Online

Unacademy: The online education site which tops this list for being an incredibly popular and valuable resource, Unacademy will help you in developing and polishing your skills. Whether it is a competitive exam you are preparing for or want to learn something new, you can search through over 400+ courses in all sorts of different topics and download the Unacademy app to take your learning mobile for quick lessons and study sessions when youre on the go.

SAIF Partners Alok Goel exits VC firm after over 5 years to become entrepreneuredit

The Financial Express – Online

Goel had joined the VC firm back in 2015 after serving as COO of redBus and CEO of now Axis Bankowned financial services marketplace FreeCharge. He led SAIFs investments into Meesho, ShareChat, Toppr, Unacademy, FarEye, Factors.ai, and more.

 

SAIF Partners rebrands as Elevation Capital; closes new USD 400 mn early stage fundedit

Outlook – Online

Founded in 2002, Elevation Capital has been an early investor in companies such as FirstCry, Justdial, Makemytrip, Meesho, NoBroker, Paytm, ShareChat, Swiggy, Unacademy and Urban Company among others. It has over USD 2 billion assets under management.

Unacademy becomes the seventh firm in the Indian startup ecosystem to go for ESOP buyback in 2020edit

CIOL – Online

Last week, edtech Unicorn Unacademy has announced an ESOP buyback plan. All vested ESOP till December 10 will be counted for the current and existing employees. The ESOP buyback will be in the range of Rs 25-30 crore.

4000 people going to give BYJU’S jobs, know who and what is BYJU’S? –edit

India Kestar – Online

Where the children are studying in school, at the same time, today there are many mobile apps which help the children to read a lot. One such app is BYJU’S which provides online education service to children.

India may see 10 startup IPOs in 3 yrs’edit

The Times of India – Online, Print – Mumbai and Delhi

Elevation’s India portfolio includes several billion-dollar valuation startups and wellknown brands like Paytm, Swiggy, UrbanClap (now Urban Company), Firstcry, Unacademy, BookMyShow and Rivigo. It was also the early backer of MakeMyTrip and Just Dial, among the few listed Indian internet companies, besides investing in IndiaMart during its IPO last year.

BYJUS renewal rates stand at 86% the founder of the $11 billion edtech startup shares how they cracked the code for repeat subscriptionsedit

Business Insider – Online

Speaking at the Business Insider Global Trends Festival 2020, Byju Raveendran shared one of the biggest highlights for the edtech startup they now have a 86% renewal rate. From 2015 till March 2020, BYJUS had 45 million free users on the platform with 3.5 million paid subscribers in the last few months, the number has gone up to 70 million users and 4.7 million subscribers.

Ed-tech companies like Byju’s, Vedantu, Unacademy, and Eruditus are growing by leaps – FeedByMe | Opinion Does Matteredit

Feed By Me – Online

A year ago, Byju’s gained US-based learning stage Osmo for $120 million as an aspect of its arrangement to extend internationally. This was trailed by the greatest arrangement in the Indian area with ed-tech company Byju’s gaining web-based coding stage.

Education Tech Firms Corner Almost All $100 Mn Bracket Funds Post Covidedit

World News Service – Online

“Many investors are coming with a profit motive but many others are coming forward to create an impact, i.e., to make education more equitable,” said Saiju Aravind, founder of Kochi-based online education platform EduBrisk, adding that his firm is supported by “investors who want to make education affordable and provide quality education to people in general”.

 

 

Edtech company SplashLearn welcomes Akshat Verma as SVP Engineeringedit

Hindustan Times – Online

SplashLearn is glad to announce and welcome Akshat Verma as Senior Vice President Engineering. Akshat will be responsible for leading engineering functions at SplashLearn with a specific focus on scaling and accelerating technology innovation.

 

Edtech startup Testbook.com slashes prices of its coursesedit

The Financial Express – Online

Edtech startup Testbook.com, which caters to students preparing for government job examinations, has diversified into courses that will enable upskilling at a very affordable price point.

Edtech Firm Genius Teacher Gets $2m in Angel Fundingedit

The Economic Times – Print (Bangalore Mumbai)

Genius Teacher, the startup launched by Housing-.com founder Advitiya Sharma, has received backing from a clutch of top CEOs in an angel funding round worth $2 million. Sharma set up the quiz-based e-learning platform focussed on the K-12 category.

Rise of Online Education In India: A boon amid the pandemic!edit

UNI News – Online

Edtech platforms like Byjus & Unacademy have become billion dollar giants and this favourable environment has also seen the uprising of many edtech startups in the industry. One such Edtech platform EduBrisk; that uses neurosciencebased learning for its students also saw a record growth of 3.5x post the pandemic.

Top Classedit

India Today – Online

Byju Raveendran, 39, Founder of Byju’s.  In a matter of nine years, his online tutoring firm has become the largest of its kind in the digital education space, posting revenues of Rs 2,800 crore in 201920, with 70 million app downloads, 4.5 million annual paid subscribers and an annual renewal rate of 85 per cent.

Unacademy plans Rs 30 crores ESOP buyback offeredit

Techstory – Online

Unacademy is one of the largest edtech platforms in India. The startup is based in Bangalore and was founded as a youtube channel. Presently, the startup has over 45,000 educators offering both free and paid live classes.

Unacademy announces ESOPs buybackedit

Express Computers – Online

Unacademy, India’s largest learning platform, announced it will have an ESOPs buyback on December 10, 2020 for its current and exited employees, the second such liquidity event at the company founded 5 years back. All vested ESOPs until December 10, 2020 will be eligible for the buyback and current and exited employees may liquidate between 25% to 100% of vested ESOPs based on a specified scheme.

Unacademy to buy back shares worth Rs 2530 croreedit

Money Control – Online

Online learning firm Unacademy on October 15 said that it is buying back shares from current and former employees worth Rs 2530 crore, the latest in a series of quickly maturing companies which are giving employees some liquidity and rewarding their loyalty.

Unacademy plans to launch 30 crore-ESOP buyback offeredit

Live Mint Your Story Daily Hunt Deccan Herald Devdis Course India News Outlook The New Indian Express– Online

Edutech platform Unacademy on Thursday said it will undertake an ESOP buyback programme of 2530 crore in December this year. The buyback which will be held on December 10, 2020 and is open for current and former employees is the second such liquidity event at the fiveyearold company, a statement said.

Unacademy joins list of startups buying ESOPsedit

The Times of India – Online | Print ( Bangalore Delhi Mumbai Kolkata)

Edtech startup Unacademy has said that it will spend Rs 25-30 crore to buy back employee stock option plans (ESOPs) from up to 145 current and former employees after it achieved unicorn status last month.

Unacademy announces second ESOP buybackedit

The Hindu Business Line – Print (Delhi Mumbai Kolkata Chennai Bangalore Hyderabad)

Making the announcement in an internal note, Gaurav Munjal, co-founder and CEO of Unacademy, thanked employees for playing a crucial role in the company’s growth. Last month, the start-up raised $150 million in a round led by SoftBank Vision Fund 2, taking its valuation to $1.45 billion.

Unacademy announces ESOP buyback worth Rs 2530 Credit

Entrackr – Online

Unacademy India’s second edtech unicorn Unacademy has announced an ESOP buyback plan in which all vested ESOP till December 10 will be counted for the current and existing employees. The ESOP buyback will be in the range of Rs 2530 crore.

To code or not to codeedit

The New Indian Express – Online

The debate on whether six-year-old children should learn coding or not has drawn sharp reactions from parents and educators alike in the past few days. The courses being offered by Byju’s WhiteHat Jr for children between 6-14 years have left social media users asking if these will put extra pressure on children in an already competitive world.

There is no real playbook for successedit

Khaleej Times – Online

Byju Raveendrans tale has all the markers of everyone’s favourite ragstoriches story: humble beginnings, a touch of serendipity, and superlative success. Educated at a small village school in Kerala, it was during his work as an engineer that Byju decided to sit for the CAT exam.

Super Apps BYJU’S & Unacademy Emerge Biggest Acquirers In Indian Edtechedit

Inc 42 – Online

BYJUS, which is the worlds highest-valued edtech company, is also the biggest acquirer in the Indian edtech sector with five acquisitions. Earlier this year, BYJUS acquired online coding platform WhiteHatJr for $300 Mn, the biggest acquisition deal in the Indian edtech sector till date.

Pepper Content raises $4.2M in Series a led by Lightspeed Indiaedit

Tech Story – Online

Angel investors who participated in the funding round were Utsav Somani from iSeed, Akhil Paul from Caparo Group, Dilip Khandelwal from SAP Labs, Gaurav Munjal from Unacademy, Balaji Srinivasan from ex-GP a16z, Beerud Sheth from Upwork and many more.

Internet Freedom Foundation Raises Alarm Over India’s Move For Backdoor Access To Encrypted Dataedit

Inc 42 – Online

Last year, bike-sharing startup Bounce and Bengaluru based edtech startup Vedantu reported vulnerabilities that resulted in user data being exposed. Besides incidents of data leaks, the Pegasus spyware controversy has also been a major point of contention.

 

India’s Razorpay Received $100m Funding: Becomes Unicornedit

Tech Story – Online

During these trying times of the COVID19 pandemic, while the dealings in India are slowed and many businesses are shut, Razorpay has been successful in acquiring the Unicorn status along with some other big names such as Unacademy and Pin Labs.

 

Indian Ecommerce Companies Dominate Airtime For Ads During IPL 2020edit

Inc 42 – Online

And five of the top 10 categories in terms of advertising volume were from the ecommerce sector. Interestingly, Chinese phonemaker Oppo, which not long ago was the title sponsor for Indian cricket before it was replaced by Indian edtech platform BYJUS, became the top advertiser in the first 22 days of the leagues ongoing 13th edition.

India to have 100 unicorns by 2025 despite covid impactedit

Livemint – Online

Four Indian startups Nykaa, Unacademy, Postman and Razorpay emerged as unicorns while the pandemic was at its peak. India is on track to having at least eight new unicorns in 2020, on a par with the 2019 numbers, taking the total number of Indian unicorns to 33.

IIFL Wealth and Hurun India Rich List 2020: Here Are India’s Self-Made Entrepreneurs Under 40edit

News 18 – Online

As reported by Business Today, Bengaluru is the most preferred city for Business HQ with 9 individuals in the list, while Gurugram/New Delhi is the 2nd most preferred city with 2 individuals each.

How BYJUS Controlled Its Expenditure To Emerge As Edtech Leadersedit

Inc 42 – Online

BYJUS increased its revenue by $2.9 Mn over FY18 and FY19 and also reduced its expenses by $4.1 Mn. This analysis is based on the financial data of top 38 edtech startups in India. BYJU’S had raised $500 Mn in a funding round led by US-based private equity investor Silver Lake. The round valued BYJUS at $10.8 Bn

Gaurav Munjal-led Unacademy to buy back ESOPs worth Rs 30 croreedit

Tech Circle – Online

About a year after new unicorn Unacademy first bought back its employee vested stock options in the company, the Sorting Hat Technologies-owned entity on Thursday announced its plans to launch a second buyback on December 10. The size of the planned buyback pool is likely to be around Rs 2530 crore, depending on the number of ESOPs liquidated by employees, the edtech firm said in a statement.

Edtech unicorn Unacademy announces ESOP buyback for current, past employeesedit

Business Standard – Online

The Bengaluru-based startup was founded by Gaurav Munjal, Roman Saini, and Hemesh Singh in 2015, initially on YouTube in 2010. Last month, it became a unicorn after raising $150 million in a round led by Japanese conglomerate SoftBank valuing it at $1.45 billion, a threefold jump in just six months. This also made the firm the second unicorn in the country’s edtech space after Byju’s.

Edtech finally puts India on the global education investment mapedit

India Education Diary – Online

The recent findings by L.E.K. Consulting’s Global Education Practice explore the surge in multibillion-dollar edtech companies within India, including BYJUs, Vedantu and Unacademy. The recent uptick that the Indian edtech space has witnessed is a long-term answer to various systemic issues prevalent in the country’s education system.

BYJU’S Curbs Expenses To Win Edtech’s Unit Economics Battle In FY2019edit

Inc 42 – Online

As per Inc42 Plus report The Future Of Edtech In India Decoding The $10 Bn Market Opportunity Report 2020, the country’s first edtech unicorn, BYJUS has emerged as the most frugal edtech startup in FY19 as it expanded its revenue by $123 Mn over FY18 to FY19 whereas the expense grew by $116 Mn.

5 Indian Billionaires Who Started Out With Nothing & Showed The World How To Ace Entrepreneurshipedit

MensXP – Online

Byju Raveendran Twitter/Shubham Raj At just 39, Byju has been declared one of India’s youngest billionaires by Forbes this year. The founder of the online learning app BYJUs may have been in the news lately for bagging massive funding’s to expand the company, but his life journey hadn’t been so high soaring since the beginning.

Opportunities not saturated in edtech space for others, says Rahul Chowdhri of Stellaris Venture Partnersedit

Yourstory – Online

Rahul Chowdhri, General Partner at Stellaris Venture Partners, talks about his investment thesis, the immense potential of consumer driven startups, and opportunities that are awaiting to be grabbed in the Indian edtech space.

Rahul Chowdhri is an acclaimed investment professional, who is presently the General Partner at Stellaris Venture Partners, an early stage tech-focussed venture capital fund.Several edtech startups like BYJU’s, Unacademy, Vedantu, and Toppr are presently clocking a lot of revenue. Recently, even Stellaris Venture Partners added Swiflearn, a startup that provides live tuitions for grades 3 to 10, to its portfolio.

 

Reinventing e-learning for young kidsedit

APN News – Online

Lido Learning, a leading EdTech startup focusing on small-group online tutoring for Coding, English, Maths, and Science, has launched a bespoke integrated online program for students from Kindergarten to Grade 3. This integrated online course – Lido Jr – helps kids build a strong foundation in the three most critical subjects, i.e. English, Maths, and Coding, and is the first of its kind in India.

Lido JR has caught the attention of parents from across India and even overseas, and with hundreds of trial classes being conducted each day, it is growing exponentially. Parents are loving the child-friendly interface which allows students complete, independent control of the platform, so they can learn with minimum to ...

Pepper Content raises $4.2 million in funding led by Lightspeed Indiaedit

The Economic Times – Online

The Mumbai-based start-up, Pepper Content has raised $4.2 million in Series A funding, led by Lightspeed India, as the content services marketplace looks to expand into new categories such as audio and video content and new geographies like Southeast Asia.

Pepper Content says it has more than 30,000 content writers, graphic designers, language specialists and editors on its platform.

Schoolmykids introduces new online learning mode through worksheetsedit

UNI – Online

SchoolMyKids, India’s online parenting, kids engagement and school discovery platform, has introduced a new learning mode through worksheets. The worksheet covers learnings for preschool, kindergarten, and Grade 1 to 3 to help learn and practice concepts related to Math, Science, English, Hindi, and Art & Craft.  The level of online interaction between schools and younger students is limited to a maximum of 2 hours daily during the pandemic.

How Josh Talks’ Vernacular Upskilling Product Gained 1 Lakh Subscribers In A Yearedit

Inc42 Plus – Online

Josh Skills marks the entry of Josh into the edtech space with upskilling courses in spoken English, graphic designing, video editing on phone and more

Industry

Use of EdTech in Indian School Education during COVID-19edit

Epw – Online Web

The pandemic has exposed inequity as an immediate concern. This article draws its insights on ground issues faced by schoolteachers from across the country in their efforts to connect with their students during phases of online teaching at a time of social distancing.
TikTok owner ByteDance launches education technology brand Dali for Chinaedit

Live Mint – Online Web

Beijing based ByteDance announced a standalone education technology (edtech) brand Dali for the Chinese market on Thursday, becoming another major tech player looking to capitalise on the sectors boom driven by the COVID-19 pandemic.
Over 450 students and professionals from 120 institutions across India participate in Indias first ever Virtual Hackathon in EdTech sectoredit

Indian Education Diary –  Online Web

India’s first ever virtual 24 hour EdTech Hackathon competition was organized by leading e-learning platform Fliplearn to challenge the technology prowess of students and Engineers and showcase their creativity with an aim to develop original and innovative solutions in the education domain.
Mathrubhumi Group stitches up an innovative and exclusive marketing solution for G-TEC Genius Learning Appedit

Afqas – Online Web

G-TEC recently launched G-TEC Genius, a digital solution, that provide assistance to students from Pre-KG till +2, in a never before manner, offering multimedia content with video, audio and animations based on syllabus mapped for Sate/CBSE and ICSE boards.
An outstanding Edtech Institution providing high-quality education and internship programs to enhance their skillsedit

The Week – Online Web

The technological sector is everchanging and it goes through transitions quite often. With so many innovations coming in, it is difficult for the students to keep up with the pace. Access to quality learning in emerging technologies is the most common challenge faced by India’s demographics.

WeWork eyes traditional companies, MNCs to hit profitability by 2021endedit

Business Standard – Online Web

In India, apart from new firms such as WhiteHat Jr, the company has signed leases with traditional companies such as law firm Khaitan and Co which have moved its entire office to a WeWork space.

Foreign listing of Indian startups: Whether exit window for Chinese investorsedit

The Financial Expres – Online Web

It should be noted that until early 2020, China had invested close to $4 billion in approximately 90 startups in India. Several unicorns such as Zomato, BigBasket, Paytm are backed by Ali Baba, while Tencent has invested in other unicorns such as Byjus, Ola, and Swiggy.

 

 

Where Is There Still Room For Growth When It Comes To Content Creation?edit

Forbes – Online Web

I told him I couldn’t promise anything but that I was betting my career on online video. Sal quit, and Khan Academy is now one of the largest educational networks on the planet.

Preparing the workforce for a new digital economyedit

Express Computer – Online Web

Today, Simplilearn is a renowned name in the edtech industry and a global provider of digital skills training. It started as a blog in 2009 by NITK alumnus Krishna Kumar. As an online learning platform, the startup began with a project management certification program called PMP (Project Management Professional certification).

Online classes and EdTech Triggered Education Sector to Post Highest Talent Demand in Sept 2020edit

Indian web2 – Online Web

Education/Training sector noted 27% MoM growth in talent demand, overshadowing the demand posted by all other major sectors like IT/Telecom, Retail, FMCG, and BFSI-Mumbai reclaimed its throne as top job hub with 14% MoM growth in talent demand, followed by Pune (Edtech)

Indian EdTech startup Bada Business Scripts Lockdown History: Clocks 5 World Records within 6 Monthsedit

Indian Education Diary – Online Web

Indian EdTech startup Bada Business has scripted history by becoming the world’s first company to grab five World Records in online learning. The back-to-back World Records were achieved by a series of business training sessions during the COVID-induced lockdown as Bada Business infused all its energy into training Indian MSMEs and helping them survive the crisis.

Inc42 Plus releases The Future Of Edtech In India: Decoding The $10 Bn Market Opportunity Report, 2020edit

News Patrolling – Online Web

The market size of edtech is estimated to grow 3.7x in the next 5 years in India, from $2.8 Bn to $10.4 Bn, reveals recently released The Future Of Edtech In India: Decoding The $10 Bn Market Opportunity report, by Inc42 Plus.

Encouraging free exchange of ideasedit

The Statesman – Online Web

Growing edtech market Instead of buckling under the unpredictability of the situation, the incharges of educational institutions have created a new space on the back of this unprecedented state of affairs.

{Edtech App: Yschool} A Blockchain and AI based App for K12 Students Preparing for Competitive Examsedit

The Tech Panda – Online Web

The Learning App to provide a comprehensive online solution for Class 9th to 12th students to crack competitive exams, like NTSE, NEET UG, JEE Mains, JEE Advanced, and BITSAT.

What we can learn from online learningedit

The Times Of India – Online Web

It was a happy change, then, when we were told in our classes to look at videos on resources such as YouTube or Khan Academy to aid in our learning, rather than our textbooks. The multitude of information and resources on the internet, if used correctly by educators, can really make the difference in a student’s education.

More Than 100 School Districts Enroll in Khan Academy, NWEA Personalized Learning Offeringsedit

PR Newswire – Online Web

Khan Academy Districts, one of two offerings for school districts introduced last year, provides tools, professional development, and data insights to help teachers, district administrators and principals monitor student use of Khan Academy districtwide.

Should we teach children coding is the wrong questionedit

Money Control – Online Web

There’s some research that says that learning how to code early can be good for children. As Karan Bajaj, the founder of Whitehat Jr writes to defend his decision to build a company that teaches children to code: using blocks or syntax to produce infinite outcomes go through a profound psychological shift.

$150m Softbank, GA cash makes Indus client Unacademy a unicorn, with Khaitan, Bharuchaedit

Legally India – Online Web

SoftBank Group Corp. is leading a round of venture investment in India’s education startup Unacademy, boosting its valuation to $1.45 billion as online learning surges during the coronavirus pandemic.

Online learning still far from reality: Surveyedit

Hindustan Times – Delhi

Less than one out of every three of India’s schoolgoing children has access to online resources, while the proportion of children not in school has increased, shows the Annual Status of Education Report (ASER) 2020, highlighting how the digital divide remains wide for students in India

Ravi Shankar Prasad and Nirmala Sitharaman speak about the way forward to an Aatmanirbhar Bharat at TechSparks 2020edit

Your Story – Online Web

Ravi Shankar Prasad and Nirmala Sitharaman speak about the way forward to an Aatmanirbhar Bharat at TechSparks 2020 Byju

Even if schools do not open this academic year, learning will not stop with online educationedit

The Financial Express – Online This app becomes the main app of concept development rather than a supplementary app for explanations and very soon the app will be upgraded with new features and will be called mylestone app instead of myStudygear to reflect.

VC Flow Drops 17% In 2020 To $6.5 Bnedit

Business Standard – Print ( Delhi Mumbai Kolkata Bangalore Chennai Hyderabad )

The funding was led by education, real estate and fintech. Investors say investment activity will increase in the coming months because Covid-19 has opened several new and first-time opportunities for startups as consumer habits are changing. Fintech, edtech and consumer-driven start-ups are likely to raise more funds and grow faster. With nearly $1 billion fundraise, Byju’s Classes topped the table in 2020

Jan to Sep VC investments down nearly 17 per cent YoY to $6.5 billionedit

Business Standard – Online

Venture Intelligence data shows, with nearly $1 billion fund raise, Byjus Classes topped the table in 2020. The company raised the money in four tranches from various investors including TPG Capital, Tiger Global, ChrysCapital, Silver Lake, Owl Ventures, Sands Capital, General Atlantic and others.

Does This Tech Give The Quietest Student A Voiceedit

Businessworld – Online

Though we have almost 4500 EdTech companies in the country, some like BYJUS, Toppscholars, Doubtnut, GradeUp, TestBook, Toppr, Unacademy and Vedantu are seeing a surge in business. Most of them cater to K12, JEE, NEET, CAT, IAS, GRE, and GMAT.

Advertising body ASCI asks WhiteHat Jr to pull down ads for violating norms: Reportedit

Free Press Journal – Online Web

WhiteHat Jr was acquired by Byjus for $300 million earlier this year. The company that claims to train young kids in coding has invited the wrath of parents and some tech experts for its aggressive marketing strategy.

[TechSparks 2020] There has never been a better time to enter edtech, says Byju Raveendranedit

Your Story – Online Web

However, Byju Raveendran, Founder, and CEO of edtech unicorn BYJUS, said that the market is nowhere close to saturation and that now is not a time to exit but time to enter for most edtech startups.

[TechSparks 2020] BYJUs and WhiteHat Jr. hired over 20,000 employees amid COVID19; more than 11,000 women aredit

Your Story – Online Web

In a virtual fireside chat with YourStory Founder and CEO, Shradha Sharma, Edtech entrepreneur and Founder and CEO, Byjus, Byju Raveendran said that his startup and the recently acquired coding learning platform WhiteHat Jr. has created over 20,000 job opportunities in the last six months.

[TechSparks 2020] Consumers have never been hungrier or more open to change, says AWS Puneet Chandokedit

Your Story – Online Web

Several notable Indian startups such as Swiggy, Zomato, redBus, Ola, OYO, Razorpay, Unacademy, ixigo, etc., are building their products with AWS. Watch Puneet Chandoks full keynote address at TechSparks 2020.

We like to focus on opportunities and not the problems: Ashish Jhalani, Square Pandaedit

Pitchonnet – Online

Early learning is one of the smartest investments a nation can do. Education along with English literacy should be the key deliverable for economic growth of any country. With the pandemic shifting the entire conversations to digital now, sectors across economies have adapted to the changing paradigm.

Online or not, Zixa, a videoconferencing app, is for alledit

The New Indian Express – Online

Our platform enables anyone in the world to teach students and is especially useful for educational institutions, he said. According to him, the teacher utilising the platform can add various parameters such as classes, classrooms and students. Also, classes on Zixa will be in tandem with a reallife classroom.

Gujarat first in direct plays on DIKSHA online learning portaledit

Times Now News – Online

The statewise data was collected from DIKSHA app after which it was analysed to release the details. DIKSHA or Digital Infrastructure for School Education, by the Ministry of Education, from April 1 till October 21, has revealed that Gujarat is the topmost state in the direct plays category.

Edtech On the Riseedit

Business World – Online

Today, India’s edtech industry is the second biggest in the world and is set to contact $3.2 billion by 2022. With COVID19 acting as a point of emphasis, startups are changing the idea of education by replacing conventional classroom learning with apps that obscure the lines between education and entertainment.

CoWrks Partners with EdSanta to Offer NextGen Learning to Members via Eliteedit

The WeekIndia Education Diary – Online

Coworking space leader CoWrks has announced its decision to partner with EdSanta Education, a leading EdTech firm. This pathbreaking strategic partnership will enrich the Co-Wrks offering to its members with EdSanta’s flagship product Elite, the worlds #1 platform for curated learning.

Aakash launches first ever Aakash PG Plus Program for Medical Students preparing for NEET PGedit

India Education Diary – Online

Commenting on the launch of the new PG course, Mr Aakash Chaudhry, Director and CEO of Aakash Educational Services Limited (AESL), said, We are proud to launch the Aakash PG Plus program for medical students and professionals aspiring to pursue postgraduation in medicine.

NEP 2020: Implementation of New Education Policy in our education systemedit

Hindustan Times – Online

National Educational Alliance for Technology (NEAT) a regulatory body will be created to use technology for better learning outcomes. NEAT aims to use artificial Intelligence to make learning more personalized and customized as per the learners requirement. It even proposes to create national alliance with EdTech companies for a better learning experience.

How the Remote Learning Pivot Sparked Innovation in Educationedit

Edtech Magazine – Online

Thats certainly true of those weve included on our EdTech 2020 K12 IT Influencers list. The list features current and former educators, administrators, IT professionals and activists who are using social media and other platforms to inspire others to approach education in new ways.

VC funds pump $3.6 bn in India during July-Septedit

The News Indian Express The Morning Standard The Free Press Journal – Print | Online

In the edtech sector, four of the largest deals are fundraise by BYJU ($500m), Unacademy ($150m), Eruditus Executive Education ($113m), and Vedantu ($100 million). On an annualized basis, however, the inflow has been tepid with only around $500 million of additional inflows into India. Globally, VC investment rose to touch $73.2 billion in the September quarter.

Techbooze starts pumping heavy funds into Indian startupsedit

Telangana Today – Online

Startups including Byjus, Playco and Ynsect.com have already received funds with an undisclosed figure, the company said, adding that it will be investing heavily into startups and the real estate sector.

From Byju’s to Amazon, digital is the king when it comes to advertisingedit

ET Rise – Online

‘Have a break, Have a KitKat’ the tagline for Nestle KitKat took a U-turn when the chocolate giant, in its new advertisement, thanked healthcare professionals during the pandemic for ‘not taking a break’.

Convergia: The upcoming dark horse in the Indian Ed-tech spaceedit

Forbes – Online

The education brand S. Chand has led the textbook and education content publishing industry in India for decades and understand the needs of schools, teachers and students and is building the structure of digital tools to teach and learn. S. Chand has been invested in the ed-tech space for over a decade with global partnerships and key school adoptions in the middle east market. The company has also backed startups like Testbook, Ignitor and Smartivity in the online testing and STEAM Learning.

Ed-tech Platform ‘Ahaguru’ Raises Series A Funding led by Anand Mahindra’s Officeedit

Startup India – Online

Ahaguru is a Chennai-based ed-tech startup that focuses on science and math for higher class students. Unlike other ed-tech startups, Ahaguru does most of its content marketing through Whatsapp. There are over 4,530 active Ed-tech start-ups in India today, out of which 435 were founded in the last 24-months alone

Flipkart, Jio deals push VC inflows to $3.6 billion in September quarter : Reportedit

The Times of India Deccan Herald Yourstory – Online

After steadily rising throughout 2019, the country saw a record quarter to close off the year. The current year has been a mixed bag, although September quarter saw two large deals close in the top 10 biggest funding rounds in the quarter $1.3 billion infusion in Flipkart and Byjus $500 million late-stage funding.

VC investments in India more than doubled in September quarter: KPMG reportedit

Livemint – Online

“India continues to be attractive market for VC investors. With the impact of the pandemic and the new normal paving the way for disruption in business models, there is significant demand in the edtech, healthtech and fintech segments,” said Amarjeet Singh, partner, KPMG in India.

Former Uber chief’s edtech startup is bringing extracurricular and after-school classes onlineedit

Yourstory – Online

The edtech startup focuses on providing private and group sessions for children between ages five and 15, from the comfort of their homes. It acts as an alternative to traditional offline dance, music, chess, singing, and yoga schools.

Edtech Startup Ahaguru Raises Series A Led By Anand Mahindra’s Family Officeedit

Inc 42 – Online

Chennai-based edtech startup Ahaguru on Thursday (22nd Oct) raised an undisclosed amount in a Series A round led by an investment firm that is managed by Anand Mahindra’s family office.

WazirX ties up with EdTech startups, promotes cryptocurrency as career optionedit

The Times of India – Online

WazirX, one of India’s largest cryptocurrency exchange platform has launched its educational initiative with the intention of spreading knowledge of cryptocurrency.

With a focus on employability, how Gurugram startup edWisor helps job seekers upskilledit

Your Story – Online

Edtech startup edWisor makes job seekers work with mentors to become job-ready by taking the right courses that suit employers, thereby addressing the problem of unemployability.0:00/6:09Three years ago, Ramandeep Arora was trying to solve the problem of unemployability among students with his startup edWisor.

AhaGuru raises funding led by Anand Mahindra’s family officeedit

The Times of India – Online The Times of India – Print – Chennai

Edtech platform AhaGuru has raised an undisclosed amount of funding in a Series A round led by an investment firm managed by Anand Mahindra’s family office. The funds will be used to recruit additional teaching staff, develop new technology features and online courses for high school students.

E-Exams by s2 Tech- An online examination tooledit

MID-DAY – Print – Mumbai

In these times of Covid19 Pandemic, virtual classrooms and online education have become the buzzword for securing education. The need of the hour is additional online tools that will make the process of imparting education simple.

Four Essential Steps To Building A Better EdTech Productedit

Forbes – Online

Companies and educational institutions have been developing educational technology (edtech) products for decades, but never have they been more important than they are right now.

EdTech startups are disrupting education for global goodedit

Silicon Angle – Online

The app relies on models based on recordings of dyslexic patients reading aloud. A person with no training can assess the likelihood that someone has dyslexia in 10 minutes for a cost of $20, according to Richard.

EdTech companies will change the way kids learnedit

The Times of India – Online

Is the Covid a black swan event for poorly run schools and With the geographical shackles being broken, what kind of challenges educational institutions will see Today for all practical purposes anyone can learn from anywhere.

 

COVID19 Has Changed The Dynamics Of Learning With Greater Emphasis On Online Education: Kaushik Sharaf, Cymatic EduTechedit

Businessworld – Online

In an exclusive conversation with BW Education, Kaushik Sharaf, Founder & CEO, Cymatic EduTech, spoke about the firm and more. Excerpts from the interview:  Cymatic started its operations in the Year 2017, with the key focus to democratize education, by bridging the gaps in the ecosystem, making learning accessible to everyone, everywhere. We have created our own unique adaptive learning platform which brings the best subject experts across India as personal tutors to students at a pan India level.

Remote Learning has brought Teachers and Students together – Brainlyedit

Prahaar – Online

Since hybrid learning has become the new normal in education, teachers are devising new approaches to teach the students effectively. Brainly asked its users if they find any difference in the teaching style of educators during online classes.

Affordable Learning Pods for an Equitable Education During the Pandemicedit

The Tech Panda – Online

This edtech platform is creating an affordable and equitable online learning solution in the US as the pandemic widens the divide between haves and have nots as some parents opt for expensive methods to keep their children advancing academically.

Edtech Launch: Edureka Partners with Premium Institutes to Fulfil Deep Skilling in IT with Advanced Programedit

The Tech Panda – Online

Edureka, a global online platform for niche, trending technology skills has partnered with premium institutes to deliver Advanced Executive Certification Programs to reaffirm its commitment to skilling and career development during the current pandemic.

Edtech Startup Genius Teacher raises $2 million from angel investors – CIOLedit

CIOL, Digital Learning – Online

Advitiya Sharma of Housing.com left the venture to start an EdTech, quiz-based startup, Genius Teacher. Today, the startup has received angel investors fro India and the US. After having brought it 2 million dollars, the startup is still looking to raise another $5-8 million in venture capital funding or Series A in the next 12 months.

6 Business Ideas For Small Towns, Villages In Indiaedit

Good Returns – Online

Be it school/college education or a competitive examination, tutoring is high in demand in India. The founder of the popular Byjus app also developed the idea for online learning when he started coaching students in Mathematics. Education in India has become more competitive than ever. There are numerous takers for exams like CAT, JEE Main, TOEFL, IELTS, CA, etc.

Edtech Firm Genius Teacher Gets $2m in Angel Fundingedit

The Economic Times

Genius Teacher, the startup launched by Housing-.com founder Advitiya Sharma, has received backing from a clutch of top CEOs in an angel funding round worth $2 million. Sharma set up the quiz-based e-learning platform focussed on the K-12 category

Will NEP be the Watershed Moment for Changing Education Landscape in Indiaedit

News 18 – Online

The NEP lists certain key principles as the foundation of the educational policy. It acknowledges that each child is unique and the need for teachers and parents to provide the space and freedom to discover, identify, and develop their inherent skills and capabilities. This enhances the personal learning journey of the children; centred around their interests.

 

Online learning Apps come under IIM scanneredit

The Times of India – Online

The Covid lockdown paved way for online learning in a big way. An assessment of overall performance of seven elearning applications widely used across the country by the Indian Institute of Management, Lucknow shows that for 66.1% users the overall quality of App is of atmost importance followed by class experience which 15.3% users feel is valuable.

Coding lessons at school level help equip students with essential skills for the futureedit

The Times of India – Online

The central governments New Education Policy (NEP) talks about allowing students to choose coding lessons in schools, starting from Standard VI. While experts believe it to be a positive move, state minister for school education has stated on social media that there are no plans to making coding a compulsory subject in schools.

Remote learning may have drawbacks, but some students are thriving in ‘zoom school’edit

The Times of India – Print (Delhi)

Kavya Kothari used to like going to school. But the six-year-old absolutely loves ‘zooming’ into virtual school. While earlier her twin sister Krisha and the other kids would run to their classrooms from the school’s main gate, Kavya, who has a congenital spinal defect and can’t walk, had to be wheeled inside on a pram.

How to tell if e-learning is working for your kidsedit

The Times of India – Print (Delhi Mumbai Bangalore Pune)

Learning outcomes, or goals or standards, are a set of skills a student should master by the end of an academic year. These are not synonymous to projects or test scores. So, instead of monitoring time spent on Zoom, focus on the skills students need to learn.

Edtech The Next Big Export From Indiaedit

Business World – Online

Emerging slowly but surely as the next wave of Indian export is Edtech. There are now numerous edtech firms in India, with many of them becoming global names (Simplilearn and Byju, to name a couple). We can leverage this national strength with the fact that learning is no longer an event its an ongoing process.

After Covid outbreak, venture capital firms rely more on blogs, podcasts, webinar sessions for brand buildingedit

ANI – Online

Sequoia, an investor in startups like Byjus, Zomato and DailyHunt launched a community programme to bring founders of their portfolio companies together on a regular basis to share their experiences.

Edtech Turned Pied Piperedit

Inc 42 – Online

Are edtech startups going too far with their fear tactics in marketing campaigns and ads?

News Roundup: Will There Be No Mandatory Domestic Listing For Public Indian Startups & Moreedit

Inc 42 – Online

The government has reportedly chosen not to mandate a secondary listing in India for domestic firms which choose to list in overseas bourses. Several Indian startups, as well as venture capital and investment firms, have long argued in favour of a provision that would allow Indian startups to directly list overseas (byju).

Innovation at knifepoint: Startups bid to survive Covid19edit

Deccan Herald – Online

Overall, online education startups raised over $1.5 billion since the onset of pandemic. Three Bengalurubased EdTech platforms Unacademy, Vedantu and Embibe raised about $335 million, while Byjus has raised $1.1 billion since January this year.

Corporates India Business News Weekly Roundup 12th to 17th October 2020edit

Tentaran – Online

Unacademy, an Edutech platform said the company will undertake an ESOP buyback programme of Rs 2530 crores in December this year. To bolster its cash reserves at a time when the food delivery sector is rebounding from the ravages of the coronavirus pandemic, Zomato has raised $52 million from US fund Kora Investments.

 

Ed tech firms corner almost all $100 mn bracket funds post Covidedit

The Indian Express – Online | Print (Delhi Mumbai Kolkata)

Among the eight funding rounds of $100 million and above in Indian start-ups during April-September, five involved ed-tech companies like Byju’s, Vedantu, Unacademy and Eruditus. According to data sourced from Venture Intelligence, one-third of the $1.5 billion raised in these eight investment rounds was by Byju’s.

Quizzy and Mogi Joins Together to Provide Edtech Solution for Schoolsedit

India Education Diary – Online

Quizzy has joined hands with cutting video tech venture Mogi to launch the first of its kind edtech solution for schools with extensive library of educational content. This white label platform will replicate the complete schooling experience for students with features such as Live Streaming for classes, Pre-loaded Conceptual videos for learning at own pace, video records of live classes, forums for doubt resolution, Multiple Choice questions, Quiz with timers, assignments & many more. The students will be able to learn through educational on-demand videos and live streaming.

Online Education: A Way Forward Into The Future Or Notedit

Business World – Online

E-learning, as the name suggests, depends on the accessibility and openness of technology, yet practically no accessibility of such nature is a huge task to work on before turning to the online industry. One of the many aspects of COVID19 is its impact on India’s education system and industry in general. From unprepared teachers to online education to new education policy, it was all too much to soak in.

Daily Crunch: Stripe acquires Nigerias Paystackedit

Tech Crunch – Online

Brighteye Ventures Alex Latsis talks European edtech funding in 2020 European edtech firm Brighteye Ventures recently announced the $54 million first close of its second fund. Tesla’s decision to scrap its PR department could create a PR nightmare. The move effectively makes founder Elon Musk the company’s lone voice.

Competitive Exams are No Problem with BasicFirst’s Advanced E-learning Programedit

News 18 – Online

When it comes to getting an education, there are several things to consider. Besides understanding what your children might want to do, you also have to figure out how best to help them achieve their goals. Sometimes this can mean prepping early on to make sure they build focus and commitment and dont struggle under the pressure of learning later on

Brighteye Ventures Alex Latsis talks European edtech funding in 2020edit

Tech Crunch – Online

Brighteye Ventures, the European edtech venture capital firm, recently announced the $54 million first close of its second fund, bringing total assets under management above $112 million. Out of the new fund, the 2017founded VC will invest in 1520 companies over the next three years at the seed and Series A stage, writing checks up to $5 million.

 

STARTUP DIGEST: Top startup stories of the dayedit

CNBC TV18 – Online

Unacademy to buy back shares worth Rs 2530 crore Edtech startup Unacademy to buy back shares from current and former employees worth Rs 2530 crore, the latest in a series of quickly maturing companies which are giving employees some liquidity and rewarding their loyalty.

Covid impact: 40% of Indian start-ups hit, but recovery is strong, says reportedit

The Hindu Businessline – Online

The calendar year 2020 began with an Indian ecosystem of over 38,000 start-ups, growing rapidly on the back of a spectacular 2019. However, Covid-19 jolted the start-up ecosystem across multiple dimensions and the impact was severe during the lockdown period from March to June.

 

Managing students in online classesedit

The Deccan Herald – Online

The tectonic shift in the education sector from the traditional form of teaching to online teaching has left not just students and parents but also teachers in dire straits. Teachers were suddenly forced to adopt a whole new way of teaching, practically overnight.

 

E-education creates kid screen slavesedit

The New Indian Express – Online

Despite the Kerala State Commission for Protection of Child Rights’ directive limiting online lessons to two hours per day, many schools are holding longer classes. Psychiatrists warn of serious mental health issues that may haunt children if this trend is not monitored.

Over 82% parents in Prayagraj reluctant to send kids to schoolsedit

The Hindustan Times – Online

The Uttar Pradesh government may have allowed students of class 9 to 12 to attend schools from October 19 but parents of 82.5 per cent of students are not yet ready to send their kids to schools in Prayagraj, claim district basic education department officials.

The flip side of e-learningedit

The Hindu – Online

The article talks about how without a physical structure and face-to-face communication with the teachers, some students may find it hard to focus on their studies. At home, there may be interruptions from younger kids or household chores that must be finished. It tends to be hard to create a peaceful learning environment.

E-learning is also known to make students feel lonely, as they miss being with their peers. Loneliness can rapidly lead to higher suicides rates. Absence of social connections found in the traditional classrooms also makes it difficult for them to cope. Companionship of their peers gives them a lot of support.

How edtech platforms are marketing new-age courses to school-going studentsedit

Exchange4media – Online

The article talks about how edtech platforms add to their relevance in the new world by marketing courses like Coding, AI, Animation, App Development, Game Designing and Machine Learning for young children. Tech-infused interactive learning, education technology or edtech platforms are gaining momentum in the past few years and revolutionising the Indian education system. At this point when ed tech platforms are attempting to get into mainstream education, even with schools and colleges opening up, perhaps these innovative courses can be the much needed ‘add-on’ which can help them retain their relevance.

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