Competition
What will become of India’s booming ed-tech startups once schools reopen?edit
Quartz India – Online Web
The Covid-19 pandemic has set off a golden era for India’s ed-tech startups. But if current trends are anything go by, this party won’t last forever. In March 2020, when the Covid-19 outbreak started in India, the country’s largest ed-tech platform Byju’s saw six million new students join its courses. The following month, another 7.5 million came on board. Byju’s rival Vedantu, which hosts live online classes for school kids, clocked 75 million hours of content consumption in 2020 with 6.3 million students across the K-12 category and competitive exams prep accessing its material.
After WhiteHat Jr and Aakash, Byju’s to acquire edtech rival Toppr in a $150 Mn dealedit
CIOL – Online Web
After Byju’s acquired WhiteHat Jr and Aakash Institute (reportedly), the EdTech giant is in latestage talks to acquire EdTech Toppr, according to reports. The $150 Mn deal will be the Unicorns third largest deal; it acquired Whitehat in a $300 Mn allcash deal and Aakash institute for $1 Billion. If the deal comes through, Byju’s will move way ahead of its major competitors Unacademy and Vedantu.
Industry
Edtech Startup Eupheus Eyes Expansion, Acquisitions With Series B Fundingedit
Inc 42 – Online Web
Eupheus Learning will be using the fund to expand its presence into the International markets, particularly the Middle East, Sri Lanka and Bangladesh. The company also plans to acquire edtech startups in the coming months. Eupheus claims to have partnered with over 13K schools, covering 4 Mn students with pan India presence across 80 cities and team size of 175 members.
Not in Focus : Budget 2021 – Early Childhood Education, Foundational skills and Ed-techedit
India Today – Online Web
The Budget 2021 missed to focus on Early Childhood Education, Foundational skills, and Ed-tech. This pandemic has presented the unique opportunity for us. India received its first budgetary announcement after the launch of the NEP. Education received a stimulus of Rs 93224.31, however, this is Rs 6000 crores less than last year.
AICTE to join hands with ed-tech firms for online educationedit
Mint – Online Web
The All India Council for Technical Education (AICTE) is looking to set up an e-learning platform with participation from both government institutions and ed-tech startups to offer a wide range of online professional courses to students and mid-career professionals. AICTE will also streamline e-learning options, delivery, and regulations, in sync with the National Education Policy which seeks to adopt technology and offer flexibility in tertiary education. A formal announcement of the plans is expected to be made on Tuesday.
Edtech startup Edukemy backs up non STEM studentsedit
Business World – Online Web
Edukemy expects to close its first year with Rs 77.5 crore in revenue and the startup holds market competition with edtech companies such as BYJU’S, Gradeup, Testbook, and Unacademy that offer test guides and/or live learning platforms for civil services exams, among their other products.