Competition
BYJU salutes India’s brightest stars from Salim-Sulaiman’s Young Genius Anthem!edit
News 18 – Online Web
India is a country of new inventors, environmental fighters, data scientists, gymnasts, dancers, shooters (sharp shooter), musicians, animal lovers, and many other interesting things to do.
Edtech unicorn BYJU’s acquires Blackstone Group-backed Aakash Educational Services for $1B: Reportedit
Your Story The Week Business Standard Deal Street Asia – Online Web
Edtech unicorn BYJU’S is making the news again, this time for a billion-dollar acquisition. According to reports, BYJU’S has acquired brick and mortar education player Aakash Educational Services (AES) for $1 billion.
Byju’s in talks to buy Aakash Educational Services for $700 millionedit
Business Standard – Online Web
Byju’s is in talks to acquire exam preparation firm Aakash Educational Services Limited for about $700 million$750 million, according to the sources. But the conversations are very early. Even the term sheet has not been signed yet, said an industry source with direct knowledge about the matter.
Unacademy Targets More Acquisitions, Focus On Unit Economics In 2021edit
Inc 42 – Online Web
Unacademy is looking to boost its position in the test prep market through Graphy, its visual learning platform After adding six companies to its bucket in 2020, Bengaluru-based edtech unicorn Unacademy is looking to acquire two-three more companies in 2021 in order to expand its product offerings.
NEP 2020 addresses various challenges in our education system: Vedantuedit
Dq India – Online Web
Vedantu is an online tutoring platform that enables live interactive learning between a teacher and a student. They have supported many students in this time of Covid 19. The explosion of technology over the past two decades has not left the education sector behind and the pandemic has empowered this.
Byju’s is reportedly buying Indian brickandmortar institute Aakash for $1 billionedit
Tech Crunch – Online Web
In an interview at TechCrunch Disrupt last year, Byju’s cofounder and chief executive Byju Raveendran said the startup, which acquired a coding platform aimed at young students called WhiteHat Jr for $300 million last year, was open to more merger and acquisition opportunities.
Byju’s Young Genius | Akul has been interested in robotics since he was 6 years oldedit
Tamil News18 – Online Web
We would have seen children playing with toys. Have you ever seen a child giving life to toys. Life is not a name to hide dreams for fear of failure … Life is a name to keep our efforts from running away from failure … Akul is another name for such a life.
BYJU’S Young Genius: Unable to walk five years ago .. then trained 20,000 people in taekwondoedit
Telugu News18 – Online Web
Adrika from Bhopal won the black belt in taekwondo before the age of eight. Simultaneously trained 20,000 young children. Won a gold medal at the International English Olympiad. She won the Brewery Award from President Ram Nath Kovind last year for her bravery and starving hundreds of people.
Industry
Simplilearn in Talks to Raise $150m at $700m Valuationedit
The Economic Times – Delhi
Spokespersons for Simplilearn, Helion and Mayfield declined to comment. Kalaari Capital did not respond to an emailed query till press time on Tuesday. Founded in 2009, Simplilearn provides online training in disciplines such as cybersecurity, cloud computing, project management, digital marketing, and data science, among others.
Little Singham: Kids Early Learning App hits a million downloadsedit
The Tribune – Online Web
Kids Early Learning App which was launched last year by Creative Galileo has hit a million downloads in just six months with an average rating of 4.70. This educational app is a paradigm shift from traditional teaching practices and is targeted towards children from ages of three to eight years to teach them about colours, numbers, shapes, phonics, etc.
2020 Set These Trends In the EdTech Sectoredit
Entrepreneur – Online Web
Basically supported by technology, education was forced to accelerate some of the transformations that were already being prepared, especially in the digital world. Although this translates as an advance in the sector, the rapidity of the change also evidenced the areas of opportunity that online learning has.
[Funding alert] Edtech startup PurpleTutor raises about $300K in seed round from IvyCap Ventures and othersedit
Your Story – Online Web
Mumbai-based edtech startup PurpleTutor has raised a seed funding round of about $300,000 led by IvyCap Ventures. The round saw participation from other investors, including Krishna Kumar (Founder and CEO Simplilearn).
Startup Watchlist: 10 Indian Edtech Startups To Watch Out For In 2021edit
Inc 42 – Online Web
Out of 101 edtech startups that were funded last year, about 51 startups received seedstage funding, according to Inc42 Plus analysis In 2020, edtech segment managed to attract close to $1.43 Bn funding, compared to $1.8 Bn raised by edtech startups across 303 deals between 2014 and 2019
Elon Musk Donates $5 Million To Khan Academy To Boost Online Educationedit
Outlook Your Story Money Control – Online Web
The world’s richest person and business magnate Elon Musk donated $5 million to Khan Academy by means of Musk Foundation. The Khan Academy is an American non-profit educational organisation which works to boost online education.
RS Prasad, Goyal to be Key Guests at ET Startup Awardsedit
The Economic Times – Online Web
The jury members included Kalyan Krishnamurthy, CEO, Flipkart; Byju Raveendran, founder and CEO, Byju’s; Sanjeev Bikhchandani, founder, Info Edge; Bejul Somaia, partner, Lightspeed Venture Partners; Roopa Kudva, MD, Omidyar Network India; Satyan Gajwani, vice chairman, Times Internet Ltd; Larry Illg, CEO, Prosus Ventures (formerly Naspers Ventures); Sahil Barua, cofounder and CEO, Delhivery; and Albinder Dhindsa, cofounder and CEO, Grofers.