Competition
Spacetech startup Skyroot Aerospace successfully test fires solid propulsion rocket stage Kalam5edit
Your Story – Online Web
The startup also revealed that it is in the process of raising $15 million funding in 2021. The startup has till date raised $4.3 million and counts Mukesh Bansal, Vedantu Investments, Solar Industries among others as its investors.
Indian startups raised $9.3 billion in 2020 TechCrunchedit
Tech Crunch Deccan Herald Sify First Post – Online Web
But the virus also accelerated growth of some startups. Byju’s is now valued at over $11 billion, up from $8 billion in January this year. Unacademy, another high-profile startup in the online learning space, raised two rounds at the height of the pandemic, increasing its valuation from about $500 million in February this year to over $2 billion.
How Teachers Can Adapt From Blackboard To Digital Screensedit
Business World – Online Web
The opinion of Mr Mrinal Mohit, Chief Operating Officer, BYJUs is taken from #KeepLearning campaign powered by BYJU’s
EdTech firms to see higher growth in 2021edit
English Lokmat Edex live – Online Web
According to some estimates, more than 4,500 EdTech startups came up during this period. EdTech startups also raised over $2.2 billion in investments. Some of the big names that are active in this space include Talentedge, Eruditus, Vedantu and Byju’s.
CRISIS AND OPPORTUNITYedit
Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba TechCrunchedit
Tech Crunch – Online Web
One of Zuoyebang’s main competitors is Yuanfudao, which announced in October that it had reached a $15.5 billion valuation after closing a $2.2 billion round led by Tencent. This pushed Yuanfudao ahead of Byju as the world’s most valuable edtech company.
BYJU’S Is Collecting Used Phones To Fix Them For Underprivileged Childrenedit
Ed Times – Online Web
Keeping all this in mind, India’s biggest EdTech company, BYJU’S, launched an initiative called Education For All that endeavours to democratise education and provide 5 million underprivileged children across remote areas access to quality online learning opportunities by 2025.
Industry
Teachers making a killing through digital tutoring: Teachmintedit
The Hans India – Online Web
Teachmint, an EdTech company focused on India relevant digital tutoring solutions revealed that teachers who have made a switch to online tutoring from the conventional physical classroom setup have witnessed an average 400% growth in their teaching business in eight weeks of signing up.
In Conversation With Chandraha’s Panigrahi Co-founder And CEO Edukemyedit
Business World – Online Web
Edukemy is India’s first test prep EdTech company in the non-STEM segment based on progressive evaluation techniques. It was founded by Mr Chandrahas Panigrahi, Cofounder and CEO, Mr Shabbir A Bashir, Cofounder and CAO and Mr Deb Tripathi Cofounder and CTO in April 2020.
Exclusive: Pariksha bags fresh capital at Rs 100 Cr valuationedit
Entrackr – Online Web
Edtech startup Pariksha has raised a new financing round led by Bharat Inclusive Technology Fund. The fresh proceeds appear to be Series A round for the Pune-based startup. The company has allotted 31,885 preference shares and 30 equity shares at an issue price of Rs 4,122.65 per share to raise around Rs 13.16 crore, regulatory filings show.
EdTech Startup Teachmint sees 400 pc average Growth in Teachers online tutoringedit
News Track Live – Online Web
India’s leading EdTech company Teachmint has revealed that teachers who have made a switch to online tutoring from the conventional physical classroom setup have seen an average four times growth in their teaching business in eight weeks of signing up. This data is based on the analysis of the spike in the number of student enrolments observed among active teachers on the platform.
Ed-Tech firms to see higher growth in 2021edit
The Hans India – Online Web
For many reasons, the year 2020 has been significant for the education sector in India. To start with, the year saw a renewed focus by the government on online education and the recognition that technology will play a key role in the sector not just to increase its reach but also to create more inclusiveness of higher education in the country.
[Funding alert] Collaborative learning edtech platform Krayonnz raises Rs 1 Cr led by GSF Acceleratoredit
Your Story – Online Web
Vedarsy Technologies Pvt Ltd, a peer to peer collaborative learning edtech startup, has raised Rs 1 crore as part of a preseed round of funding. The Bengaluru-based startup said in a statement that GSF Accelerator, an early stage venture firm, led the financing round, which also saw participation from angel investors including founder of Razorpay, Shashank Kumar.
Teaching-Learning Ethos at HVB Global Academyedit
Elets online – Online Web
Listen to this Article HVB Global Academy founded in 1963 by visionary educationists and eminent industrialists who are committed to empower learners with future-ready skills and attitudes. Under the exemplary leadership of Dr (Ms) Chandrakanta Pathak, Principal & CEO, the legacy of quality education continues at HVB a fully authorized and affiliated to Cambridge Assessment International Education School.
2020 In Review: The Ripple Effect Of India-China Spat On Indian Startupsedit
Inc 42 – Online Web
New York-based hedge fund Tiger Global is also back in the fray now that Chinese investors are on the backfoot and SoftBank seems to have grown somewhat riskaverse. Its most recent investment (reportedly in the range of $75100 Mn) in Unacademy came in November 2020, valuing the K12 edtech company at $2 Bn.