Competition
Bridge the digital gap: Devise a comprehensive digital strategy for educationedit
The Financial Express – Online Web
The likes of Khan Academy and Byju’s are already providing interactive services. Not only will this help intensify digitalisation efforts but also will bridge the learning gap. The government has been collaborating with startups in the field of health and governance, so why not education.
Zuoyebang: Chinas edtech startup acquires huge funding from Alibaba and other giantsedit
Techno Sports Co – Online Web
The latest worth of Zuoyebang is estimated to be $10 billion. The only company currently which competes against Zuoyebang is Yuanfudao. The rival announced that it had reached a $15.5 billion valuation after closing a $2.2 billion round led by Tencent. The company is currently the worlds most valuable edtech company, surpassing Byju’s.
Year in review: Edtech attracted dollars and controversy in 2020edit
Tech Radar – Online Web
While Unacademy acquired five businesses including Kreatyx, PrepLadder, Mastree, Coursavy and CodeChef, Byju’s acquired both WhiteHat Jr. and LabInApp the first for a whopping $300 million and the second for an undisclosed amount.
Unacademy acquires test prep platform NeoStenciledit
The Financial Express Business Standard Live Mint The Economic Times. – Delhi Business Standard –Bangalore Chennai Hyderabad Delhi Mumbai Kolkata
Betting on inorganic growth, Facebook-backed edtech unicorn Unacademy has acquired test preparation platform NeoStencil to increase its footprint in tier-II and -III cities. In 2020, Unacademy has acquired Kreatryx, and PrepLadder, besides investing in Mastree, and taking over the custodianship of CodeChef.
Hybrid model to be the next chapter in edtechedit
Business Standard –Bangalore Chennai Delhi Mumbai Kolkata
Expanding their scope of growth, edtech firms have also started focusing on small towns as internet penetration allows companies to spread their presence. While Vedantu invested $2 million in doubt solving app Instasolv to increase presence in tier-3, tier-4 markets, upGrad is planning to focus on delivering personalised career outcomes for learners not only in the metro cities but in small towns as well.
Here are the top Jobs of 2020edit
The Kashmir Monitor – Online Web
EdTech platforms like BYJU’s, Toppr and Simplilearn are offering roles on Naukri. The Podar Education Network, the Rustomjee Kerawala Foundation, Amity University and coaching centres like FIITJEE are actively hiring.
From coding to live classes, 5 young Indian edtech startups you should know aboutedit
Money Control – Online Web
This year alone, Byju’s valuation has gone from $5 billion to $10 billion, Unacademy from $500 million to $2 billion. And while valuation is only one metric, the change is evident as 2020 has also seen a lot of smaller edtechs gain traction.
Byju’s, Zomato corner bulk of startup funds in pandemic yearedit
Live Mint – Online Web
Valuations for many companies such as edtech firms Unacademy and Byju’s surged as their sectors headed for exponential growth with direct tailwinds from the pandemic. Fintech firms such as Pine Labs and Razorpay saw large market adoption spurred by contactless digital payments.
Industry
US-India relations in 2021: Post-pandemic world order and a new American leadershipedit
The Financial Express – Online Web
Both countries also have a mutual interest in creating a stronger partnership in the education sector. India’s New Education Policy allows institutions of higher learning to open campuses within the country along with a booming EdTech market that is expected to reach $1.96 billion by 2021.
MyClassboard raises Rs 4.5 crore funding from ICICI Bankedit
The Economic Times -Online Web
The Hyderabad-based edtech startup, founded by Ajay Sakhamuri and Ravindra Adusumilli in 2010, will use the funds to expand its offerings to 50 lakh students across 10,000+ schools and enter the Middle East and Southeast Asian markets.
Specific policies for startups soon, says KTRedit
The New Indian Express – Online Web
The State has launched various initiatives over the last six years to promote a culture of entrepreneurship. The creation and the growth of organisations such as T-Hub, TSIC, RICH, We-Hub, T-Works, and Emerging Technologies wing stand testimony to the commitment of TS towards boosting the ecosystem,” Rama Rao said. T-
Pariksha bags INR 13.16Cr funding in Series A financing roundedit
Tech Story – Online Web
The COVID-19 pandemic has been a curse for education in India but in some way, it provides an alltogether different angle to interactive study sessions with online classes and edtech startups being funded phenomenally by investors considering the promising growth potential in the sector.
Covid-19 propels online tutoring, e-learningedit
The Hans India – Online Web
Dr Vivek Singh, a Political Science professor at Allahabad University, Uttar Pradesh, joined edutech startup TeachMint in September. “I’ve been a professor for close to six years now. When the lockdown period started o?, the university asked us to take up classes online. I took regular classes via Zoom and Google Meet, but it had its own challenges since the method of video calls with class-full of people turned out to be a cumbersome process.
After an Online 2020, experts predict a Hybrid 2021, hail NEP as the big game changer in Indian Educationedit
Times Now News – Online Web
Zishaan Hayath, CEO and Founder, Toppr, feels that this is just the beginning of a market hitherto unexplored. This year has not only changed education as we know it, but it has also coerced all stakeholders of education to find better learning solutions.
Throwback2020: Not in moolah but digital marketing grew in virtueedit
Indian Television – Online Web
Additionally, giants like Facebook, Swiggy, and Instagram entering the local market with thier own shopping platforms, growth of edtech companies like WhiteHat Jr, Vedantu, and Instagram releasing a new content section called Reels, were some new found opportunities for the digital industry to explore.
Overheated startup sectors may see a resetedit
The Times of India – Online Web
The year also saw startups engage in heightened consolidation moves. Over 87 M&A deals worth more than $1.3 billion involved at least one startup in 2020, according to VI. In addition to marquee deals such as Byju’s buying WhiteHat Jr, and Reliance acquiring majority stake in Netmeds, there were several smaller strategic acqui-hires and distress sales among startups.
May the new year be that of startup IPOsedit
Money Control – Online Web
But when that outsized exit becomes elusive, venture capitalists get jittery. Their investors start asking uncomfortable questions. And that is what has happened for many years in India. Barring a few exits like that of Flipkart to Walmart, or more recently Whitehat Jr to Byju’s, exits have been far and few in India.