Competition
Blackstone-backed test-prep firm Aakash ropes in CEO from Byju’sedit
VC Circle – Online Web
Aakash Educational Services Ltd, one of the leading test-preparation firms in the country, has appointed edtech giant Byju’s international head Abhishek Maheshwari as the new CEO. The appointment, as per a press statement, will further support Aakash’s omnichannel growth.
Who is Wolf Gupta The story behind WhiteHat Jr’s fictional prize studentedit
The News Minute – Online Web
Who is Wolf Gupta The story behind WhiteHat Jr’s fictional prize student In various ads, WhiteHat Jr used the name Wolf Gupta, whose age could be 9, 12 or 13, and bagged a package anywhere between Rs 1.2 crore to Rs 150 crore from Google. Atom Coding
WhiteHat Jr says it has fixed vulnerabilities after bug exposes data of 2.8 lakh minor users: Reportedit
Money Control – Online Web
Online coding platform for children Whitehat Jr has said it made fixes to its setup after identifying vulnerabilities in it. This comes after the firm received responsible disclosures made about possible security vulnerabilities.
Unacademy raises fresh funds at $2 billion valuationedit
Live Mint The Financial Express – Online Web Business Standard-Bangalore Chennai Hyderabad Delhi Mumbai Kolkata Ahmedabad Kochi The Times of India – Delhi
Ed tech platform Unacademy has raised a fresh round of funding from Tiger Global Management and US-based Dragoneer Investment Group. The company didn’t disclose funding amount but said it values Unacademy Group at $2 billion.
Sequoia Surge shortlists 17 startups for its fourth cohortedit
CNBC TV18 – Online Web
The Indian arm of American investment firm Sequoia Capital India is currently backing eight Indian unicorns including Byju’s, OYO, Zomato, Unacademy, and SaaS players Druva and Freshworks, among others.
Indian Startups that Became Unicorns in 2020edit
Silicon India – Online Web
Unacademy Unacademy in October raised ~ 1,125 crore in a funding round led by Softbank Vision Fund 2 where Facebook, a former investor also participated. Previously, in the month of February, Unacademy raised ~ 780 crore in a funding led by Facebook and General Atlantic.
Five Tips To Avoid Cyberattacks On Edtech Platformsedit
Business World – Online Web
India’s online educational platform, Unacademy, has recently admitted to suffering a data breach that exposed the personal information of around 20 million students. A report by cybersecurity firm Cyble found that the threat actor was selling the stolen user database for $2,000 on the dark web.
Explained: WhiteHat Jr vs Poonia brings spotlight on freedom of speech vs libel issueedit
CNBC TV18 – Online Web
The Delhi High Court on November 23 imposed a gag order on Pradeep Poonia, an ex-CISCO employee and UPSC aspirant as part of an injunction in a USD 2.3 million defamation case filed by WhiteHat Jr.
Dish TV & D2h Adds Kalvi Tholaikkatchi as Educational FTA Channel in Tamil Naduedit
Telecom talk Info – Online Web
DTH operators are trying to provide educational channels to existing customers. Very recently, we saw Airtel Digital TV partnering with Vedantu for providing two paid channels. And now, Dish TV India is offering an educational channel launched by the government itself.
10 Biggest Data Breaches That Made Headlines In 2020edit
Analytics India Mag – Online Web
Unacademy Data Breach Breach Impact: 22 Million user accounts One of the Bengaluru-based popular online educational platforms, Unacademy had suffered a data breach in January this year.
Industry
upGrad Acquires The Gate Academy, Forays Into The Rs 400 Billion Test Preparation Market In Indiaedit
Business World– Online Web
This move marks the aggressive entry of the higher edtech leader upGrad into the overall Test Prep market. upGrad, India’s online higher education company, announces its entry into the test preparation market with the 100% acquisition of The Gate Academy (TGA) for an undisclosed amount.
Oxford Dictionary says it can’t pick just one word for the yearedit
The Times of India – Online Web
The English language, like all of us, has had to adapt rapidly and repeatedly this year Given the phenomenal breadth of language change and development during 2020, Oxford Languages concluded that this is a year which cannot be neatly accommodated in one single word
GoodWorker ties up with Sonu Sood, Schoolnet for tech platform for bluecollar workersedit
Devdis Course – Online Web
Schoolnet India (formerly IL&FS Education and Technology Services) is an EdTech and skilling company, which focuses on leveraging the demographic dividend through initiatives related to education, employability and employment.
Edtech startup Yellow Class raises $1.3 million The Economic Timesedit
The Economic Times – Online Web
Edtech startup Yellow Class has raised $1.3 million (Rs 10 crore) in pre-Series A round led by India Quotient. The company offers online hobby classes like dancing, drawing, painting, flameless cooking, yoga and storytelling for children between 312 years.
The Ambitious EdTech Ecosystem In Indiaedit
Business World – Online Web
From 2020 to 2025, the global online education market is projected to witness a CAGR of 9.23% during the forecast period, reaching a total market size of $319.167 billion in 2025, increasing from $187.877 billion in 2019. At home, India has now become the second largest market for e-learning after the US.