Competition
Byju Raveendran Named to Bloomberg 50 Listedit
Trinity Mirror – Online Web
Bloomberg Businessweek named Byju Raveendran to the 2020 Bloomberg 50, its annual list of innovators, entrepreneurs, and leaders who have changed the global business landscape over the past year.
From FireEye to WhiteHat Jr, top 10 data breach incidents of 2019-2020 in Indiaedit
CIOL – Online Web
Edtech startup WhiteHat Jr has found itself in one too many controversies recently. First, the defamation that it has filed and then the bug in its system. The bug in the system made the data of over 2.8 lakh students vulnerable to hackers.
Wish focused on WhiteHat Jr’s advertising earlier: Karan Bajaj, founder and CEOedit
Live Mint – Online Web
Coding startup WhiteHat Jr, owned by Byju’s , has attracted a lot of unwanted attention in recent months for its digital marketing ads that claimed to train children, as young as seven, to become master programmers.
WhiteHatJr whistleblower accuses the company of getting his social media accounts suspendededit
Op India – Online Web
The court had ordered Poonia to take down specific tweets dated 12.09.2020 regarding the number of teachers at WhiteHat Jr, 5.09.2020 alleging WhiteHat to be a pyramid scheme, and other specific tweets dated 11.10.2020, 3.09.2020, 22.09.2020, 20.10.2020, 23.10.2020 respectively, Live Law reported.
Unacademy raises fresh funds at $2 billion valuationedit
Business World – Online Web
It was originally created as a YouTube channel in 2010 by Gaurav but now has a network of over 18,000 educators, and offers preparation material for several professional and educational entrance exams in India in the form of Live Classes both free and via subscription. Currently, the company’s valuation is $1.45Bn with competitors in the market like Byju’s, Vedantu, Khan Academy, Toppr.
Top 10 Most Searched Indian Entrepreneurs Of 2020, As Per Googleedit
India Times – Online Web
Byju Raveendran The first on our list is Byju Raveendran, founder of the major edtech startup Byju’s. This wasn’t surprising considering the lockdown has forced many kids to study from home and with Byju’s advertisements repetitively flashing after every over during the cricket match, people were bound to lookup.
This coding startup founded by IIT-D grads has enrolled K12 students from five countries in a yearedit
Your Story – Online Web
Coding for kids received an enormous boost this year from primarily two events: NEP 2020, and BYJU’S buying out WhiteHat Jr for a whopping $300 million. Suddenly, coding became the hottest segment of edtech in India.
Cuemath bags $40M in Series C funding round, valuation hits $170Medit
Tech Story – Online Web
When asked about its latest fundraise, the company mentions utilising these freshly acquired funds in doubling down on their growth and expansion plans and also build advanced technological capabilities to compete against EdTech market competitors like Udemy and Unacademy amongst many others.
Industry
Four Sectors That Can Benefit From Chatbots and Howedit
Business World – Online Web
Referring to the significance of chatbots in the education sector, pioneering Edtech platform Digital Aristotles founder Dev Roy said, With the advent of models like GPT3 that have shown an amazing ability at understanding and constructing sentences, we see a very large opportunity for them to be applied in the education sector especially for doubt clearing.
Meritnation registers impressive growth among Premium Users during lockdown; Clocks Four-Fold growth in Live Class Usageedit
India Education Diary – Online Web
With the disruption caused owing to the sudden emergence of Covid19, the education system has completely transformed from offline to online. Riding on the growth of the EdTech sector, Indian Edtech major Meritnation, a subsidiary of test preparation leader Aakash Educational Services Limited (AESL), has recorded an impressive growth in terms of paid users during the lockdown.
EdTech can aid working professionals tooedit
Deccan Herald – Online Web
From physical classrooms to the modern era of EdTech, the Indian education system has undergone a paradigm shift in a relatively short period of time. The plethora of tools introduced by EdTech firms app-based learning, animated lessons and AR/VR immersive experiences have definitely piqued an interest to learn more effectively.