Competition
Cuemath ropes in Vidya Balan as brand ambassadoredit
Kannada Prabha – Bangalore
Math learning edtech platform, Cuemath has roped in Bollywood actress Vidya Balan as its brand ambassador. The actress has been featured in the Cuemath’s new ad campaign.
Week Gone By: Global Markets Hit Record High, Biden Transition Begins, COVID19 cases riseedit
Times Now News – Online Web
While businesses were badly hit due to the COVID19 pandemic, Edtech startups made the most to capitalise on the opportunity. The online education startup Byju’s is said to be in advanced talks for raising about $200 mn (about Rs 1,483 crore) from US-based investors BlackRock and T Rowe Price.
Byju’s gets another $200 million, valution touches $12; Cars25, Cashfree, and others too raise fundsedit
Money Control – Online Web
Byjus: The poster boy of the edtech ecosystem in India, Byju’s has been a darling of investors the world over. This week news broke out about it landing another $200 million from large equity investors like T Rowe Price and BlackRock.
Industry
Yellow Class raises $1.3M in Pre-Series A funding round led by India Quotientedit
Tech Story – Online Web
The edtech startup is said to utilize these freshly acquired funds in launching more classes and developing new products in the coming future. We are happy to be recognized and associated with India Quotient and would like to utilize the funds received towards expanding our offerings and product development, mentioned Cofounder Anshul Gupta in a statement.
Vi partners edtech, healthtech firms to boost revenueedit
Live Mint The New Indian Express – Online Web
Partnerships with edtech and healthtech companies will help build a future revenue stream for Vodafone Idea Ltd (Vi), said the telcos marketing director Avneesh Khosla. However, Khosla did not say how these collaborations will generate revenue for the cashstrapped company that owes hundreds of billions of rupees to the government.
Indian Startups Get 200% More Funding, 53% Startups Will Recover To Pre-Covid Level In 6 Months!edit
Trak – Online Web
Indian Startups Get 200% More Funding, 53% Startups Will Recover To Pre-Covid Level In 6 Months! Covid has delivered a Sucker punch, that too one in the mouth for almost all businesses. Some are in ruins, while some are recovering.
VCs Are Pouring Money Into the Wrong Education Startupsedit
Wired – Online Web
Together, just these seven third-quarter investments accounted for nearly 30 percent of the VC investments in education technology in all of 2020 to date. These startup’s include Yuanfudao, Unacademy, BYJU’s, and Courseramature and largescale operations that have already established unicorn valuations.