Competition
Unacademy Logs $50m Secondary Share Saleedit
The Economic Times – Online Web
Unacademy has concluded a secondary transaction wherein Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic have bought shares worth $50 million from existing investors to increase their stakes.
Unacademy Group Concludes Secondary Share Transaction With Leading Investorsedit
India Education Diary Indian Television Money Control Inc 42 – Online Web
Unacademy, India’s largest learning platform, today announced it has concluded a new secondary transaction round in which Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic have increased their stake in the company.
Trendspotting: BYJUS billiondollar deal and Zerodhas climate change focusedit
Your Story – Online Web
Two such recent developments to note are: Zerodhas focus on fighting climate change and creating green jobs in India with the launch of Rainmatter Climate and edtech decacorn BYJU’S plans to buy Aakash Educational Services for $1 billion.
Unacademy concludes new secondary transaction; Tiger Global, Dragoneer, Steadview, GA buy $50M sharesedit
The Financial Express – Online Web
Unacademy turned unicorn in September 2020 following a $150 million funding round led by SoftBank that valued it at $1.45 billion. In November, it had secured another round from Tiger Global and Dragoneer Investment Group to ramp up its valuation to $2 billion.
Maximizing social impact of India’s technological advancementsedit
The Times of India – Online Web
Education is another sector that has been revolutionized by technology. In India EdTech startups like Unacademy, Byju’s and Vedantu played their part well in taking education to the homes of the students.
Here’s why BYJU’S may want to spend a billion dollars on physical coaching centresedit
Business Insider – Online Web
India’s edtech unicorn BYJU’S is reportedly set to acquire the brick and mortar preparatory services institute Aakash Educational Services for a whopping $1 billion. If the deal goes through, it will become one of the biggest edtech deals in the world.
Edtech Boom: Unacademy shares change hands in $50million dealedit
The Financial Express – Online Web
Unacademy on Wednesday said it has concluded a fresh secondary transaction round in which Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic have increased their stake in the company. The investors have collectively acquired additional shares worth $50 million from existing backers.
E-tailer enters edtechedit
BYJU to buy Akash Educational Services for 7300 crore: Reportedit
Hindi The Quint – Online Web
BYJUs was founded in the year 2011 by former teacher Byju Ravindran. Nearly four years later, BYJU’s: The Learning App was launched in 2015. Earlier, Indian startup Whitehat Jr. was bought for $ 300 million.
Amazon enters the test preparation market, BYJUS is in talks for a billion dollar acquisition, and Facebook-backed Unacademy raises more funds a big day in India’s edtechedit
Business Insider – Online Web
Unacademy gets another $50 million Advertisement Advertisement India is home to the worlds most valued edtech startup and has a burgeoning list of unicorns from the sector. Even Indian venture capitalists believe that its a sector to watch out for in 2021.
Aakash edu says founders to continue post partnership with Byju’sedit
The Times of India – Online Web
Test prep firm Aakash Educational Services has said it is in talks with online education platform Byju’ s for a strong partnership indicating it is in the middle of the acquisition deal. In a statement, however, it said the Chaudhry family and founders J C Chaudhry and Aakash Chaudhry will remain committed and continue to run Aakash along with its management team.
[Funding alert] Unacademy’s lead investors increase stakes, buy additional shares worth $50Medit
Your Story – Online Web
Edtech unicorn Unacademy has announced that it has concluded a new secondary transaction round in which its investors Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic have increased their stake in the company.
Industry
And the Awards Go to… India’s Startup Starsedit
The Economic Times – Delhi
For weathering a crisis in 2017 and returning to build one of India’s largest ed-tech companies, the award for Comeback Kid naturally went to the founders of Vedantu —Vamsi Krishna, Anand Prakash and Pulkit Jain.
Will Amazon Academy’s Revamped Test Prep App Challenge India’s Edtech Giantsedit
Inc 42 – Online Web
After rebranding its JEE Ready app to Amazon Academy, as reported exclusively by Inc42 last year, Amazon India is all set to jump into India’s massive testprep space with a revamped app and learning platform.
upGrad Appoints ExDisney Chief Zubin Gandevia As CEO For Asia Pacific Regionedit
Business World – Online Web
On welcoming Zubin to his new role, Ronnie Screwvala, Co-Founder & Chairman, upGrad, said, Zubin brings an enviable track record of starting and scaling successful businesses and I’m excited for the potential we can unlock with his leadership.
How EdTech Wave Can Be Boosted By No Code Platformsedit
Business World – Online Web
With the help of no code platforms, EdTech can design and deploy the bestinclass apps for a variety of purposes. No code platforms are the future of app development. Gartner predicts that 65% of app development will be through these platforms by year 2024.
Digital Acceleration Of Education System In Post COVID Worldedit
Business World – Online Web
The era of accelerated EdTech Led push of digital India movement, technological development in India especially got fresh wings, clubbed with some geographical confrontations pushed intelligent minds to make in India and be selfdependent, this clubbed with a sudden outbreak of pandemic acted as a required catalyst to accelerate the growth of EdTech industry in India.
Creative Galileos Kids Learning App Little Singham Hits a Million Downloads in Six Monthsedit
Business World – Online Web
Little Singham: Kids Early Learning App launched last year by Creative Galileo has hit a million downloads in just six months with an average rating of 4.70. Creative Galileo is an e-learning app that weaves together the best of education and entertainment to create personalised, integrated learning experiences for young minds.
Amazon India forays into Edtech, launches academy to help engineering aspirantsedit
The News Minute – Online Web
Amazon India forays into Edtech, launches academy to help engineering aspirants Amazon Academy is set to equip students with indepth knowledge and practice routines required for the JEE with curated learning material, live lectures and assessments.
Elon Musk donates $5 mn to Khan Academyedit
Menafn – Online Web
Tesla and SpaceX CEO Elon Musk has donated $5 million to e-learning platform Khan Academy. In a video posted on Twitter, Khan Academy founder Sal Khan said he wants to give a huge shout and thank you to Elon Musk and everyone at the Musk foundation.