Brand specific
India: Cuemath raises $40m led by LGT Lightstone Aspada, Alpha Waveedit
Deal Street Asia – Online Web
The edtech sector in India has of late witnessed a spate of deals as schools remained shut since March owing to the coronavirus outbreak. Some of the startups to have recently raised funding include kyt, Yellow Class, FrontRow, Lattu Kids, Stones2milestones, and BitClass.
Competition
Why this Vedantu cofounder decided to start another edtech firm Uableedit
Your Story – Online Web
The K12 segment is fast growing in India. Apart from unicorns and giants like BYJU’S, the K12 segment is growing with players like Lido Learning, Tinker Coders, and more recently Kyt, which is a part of Surges fourth cohort. Uable has raised a pre-seed round in December and a seed round in July 2020. In the next one year, the startup will focus on product development.
Vedantu appoints Ranjan Sakalley as head of engineering and tech; to hire 80 people by March 21edit
Your Story – Online Web
While a number of players have raised fresh funding from investors, consolidation is also being seen in the industry with deals like Unacademy acquiring PrepLadder for $50 million and BYJUs buying WhiteHat Jr for $300 million.
Raveendran makes it to annual list of innovatorsedit
News Today Newstodaynet – Online Web
This list recognises Byju’s efforts to create impactful and personalised learning experiences for school students in a bid to help them become better learners. With 40 million students in March 2020, the company has seen a steep increase in the number of students during this pandemic. Today, Byju’s has 73 million registered students and 4.7 million paid subscriptions.
Online Math Learning startup CueMath raises $40 Mn Fundingedit
Techpluto Entrepreneur– Online Web
Byju’s Among the above-mentioned competitors, Byju’s, Vedantu and Topprs are big players and also cater to other subjects while Maths subject remains one of its primary focuses. Overall, India’s online education market has been on a fire with nationwide lockdown shifting the academical education from offline to online.
Indian coding edtech’s witness heavy demand this yearedit
Deal Street Asia – Online Web
This year, new recruiters included companies like Atlassian, BPCL, DuPont, Everest Instruments, Oracle and Reserve Bank of India. Among new recruiters, Unacademy in the Education and Tech sector alone made nine offers.
IIMA Placement: TCS, Unacademy, Vedanta top recruiters in last clusteredit
Careers 360 – Online Web
This year, new recruiters included companies like Atlassian, BPCL, DuPont, Everest Instruments, Oracle and Reserve Bank of India. Among new recruiters, Unacademy in the Education and Tech sector alone made nine offers.
Industry
Veranda Learning acquires coaching institute Chennai Race for Rs.100 croreedit
Maalai Malar – Online Web
Veranda Learning Solution, a newly formed education technology startup from the Kalpathi Group Monday acquired Tamil Nadu based test-prep institute ‘Chennai Race’ for Rs.100 crore.
LEAD School acquires student assessment startup QuizNextedit
Express Computer – Online Web
Mumbai-based edtech startup LEAD School on Monday announced the strategic acquisition of QuizNext, an AI-powered gamified student assessment and practice platform. With this acquisition, LEAD School will further enhance its overall product offerings and help schools maintain their high standards of education and deliver a 100 per cent complete school experience.
Is 2020 bringing more edtech rounds than ever, or does it simply feel that way TechCrunchedit
Tech Crunch – Online Web
Is 2020 bringing more edtech rounds than ever, or does it simply feel that way Venture capital activity is high at the moment, making it difficult to keep up with the influx of new rounds that are being announced.
From SMS to virtual reality: Education for all kinds of studentsedit
Forbes – Online Web
Ankur Agarwal is the CEO of VR-based edtech startup Veative Labs that provides interactive STEM modules for distance learning and virtual classrooms Image: Courtesy Veative Labs
Edtech startup, LEAD School acquires AI-based QuizNextedit
Tech Story – Online Web
Recently, the edtech startup has announced to acquire a gamified practice application, QuizNext which leverages Artificial intelligence to create interesting game-like practice quizzes for children of classes 6th to 10th.
EdTech Firm Hex N Bit Launches Industry-connect Internship Programs For Engineering & IT Studentsedit
Business World – Online Web
The internship programs focus on enhancing candidates skills through real-life based industrial project exposure in Artificial Intelligence, Machine Learning, Web Development, Android Development, Python Programming, PCB Designing, VLSI Design etc. The duration of the internship program will be of 6Weeks and 6Months for 2nd/3rd year and Final Year students, respectively.