Competition
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”.
Industry
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
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