October 19, 2020

Competition

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.

Industry

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.

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