Competition
EdTech Unacademy acquires majority stake in Networking Platform TapChiefedit
CIOL – Online Web
Only recently, Byjus has acquired its rival Toppr to strengthen the K12 student base. The acquisition marks a three-horse race in the Edtech segment with Byjus, Unacademy, and Vedantu at the lead. In a press statement, Gaurav Munjal, Cofounder, and CEO, Unacademy Group stated that they aim to democratize education. Our endeavor is to make learning accessible and affordable for everyone.
Code word is caution, say experts on trend among kidsedit
Hindustan Times – Online Web
For instance, Toppr, an edtech platform, has seen a 500% surge in the demand for coding programmes post lockdown. Super coders, a programme launched by Vedantu in April 2020, already has over 100,000 students. Of them, over 50,000 students have already taken coding classes through the portal. WhiteHat Jr, a company which runs four different levels of the programme Beginner, Intermediate, Advanced and Professional for students of Class 19, has over 150,000 students across globe.
BYJU, LeadSquared Extend Partnership for 6 yearsedit
Businessworld – Online Web
BYJUS, Edtech company has extended its partnership with LeadSquared, a leading CRM catering to the top edtech institutes in India for the next 6 years. The extended partnership will unlock the full potential of digital transformation and work towards ensuring a seamless student experience.
Industry
Investors bet big on edtech startups that bring extracurriculars onlineedit
ET Tech – Online Web
Startups that offer extracurricular activities will be a key part of the edtech sector in 2021, venture capitalists and other investors told ET. While education saw a huge shift online in 2020, many students continue to forgo extra-curricular activities. This has led to a boom in such startups, with investors and founders calling this the ‘white space’ of the Indian edtech market.
Why this scion of the Birla family chose to launch an edtech startupedit
Yourstory – Online Web
Birla Brainiacs, which began operations in April 2020, is a collaborative learning app for math, science, and English for Classes 1 to 12. The focus of the platform is not limited to the school curriculum; it also offers courses on software coding, mental ability, Vedic math, competitive exam preparations (IIT/medical), etc. On why he felt the need to start Birla Brainiacs, Nirvaan says that the current school system doesn’t allow for “stronger or deeper learning”.
PM Modis Startup India: Govt recognised startups jump 85X in 4 years even as YoY growth rate contractsedit
The Financial Express – Online Web
The government also enables investment in recognised startups via SIDBIs Rs 10,000 crore Fund of Funds for Startups (FFS). Financial Express Online had reported last week that FFS has enabled Rs 5,089.55 crore funding into 391 government-recognised startups as of January 31, 2021. However, the jump in the number of funded startups was only 22 percent from 320 startups backed under the programme as of February 18, 2020.
PM Modi asks startups to focus on building institutions, global products and not just valuations, exitsedit
The Financial Express – Online Web
Prime Minister further highlighted the creation of an enabling environment for innovation and mentorship to promote ideas. Today from Atal Tinkering Labs to Atal Incubation Centres, there is an environment being created for technology in schools itself India is not short of ideas. It needs mentors who can help turn ideas into reality. Investments in Indian startups had declined to over $11.4 billion in 2020 from $14.5 billion in 2019, according to the data shared by Tracxn.