Brand specific
The Year Of Indian Edtech — Will The Bubble Burst In 2021?edit
Inc 42 – Online Web
Edtech startups raised more than $1.43 Bn across 100 deals between January 1 to December 15, 2020. The pandemic and subsequent lockdown forced both parents and educational institutions to turn to tech enabled learning solutions to ensure children’s education wasn’t left in the lurch, resulting in the sector being the most funded in the country. All eyes are on 2021 now. Will this momentum sustain, as schools in most states start resuming in-person classes for K-12 grades in February?
Competition
Edtech buying spree, Fintech’s funding juggernautedit
The Economic Times – Online Web
SoftBank-backed edtech startup Unacademy has acquired a majority stake in TapChief, ascribing the gig jobs portal a valuation of Rs 100 crore and providing an exit to its existing investors. Post this acquisition, the company plans to launch a new vertical called Unacademy Pro.
C-Suiters: Who have moved up the corporate ladder this weekedit
Live Mint – Online Web
Gaurav Timble: Appointed as Director HR at WhiteHat Jr. An alumnus of the Jamnalal Bajaj Institute of Management Studies and a certified professional from HR Certification Institute, Gaurav brings with him over 15+ years of experience.
WhiteHat Jr launches ‘Create with Math’ curriculumedit
Trinity Mirror – Chennai
WhiteHat Jr, the leading EdTech company that made inroads in multiple international markets by teaching Coding to students through its live online format, has expanded its offerings by launching the ‘Create with Math’ curriculum.
Industry
The Makers Summit 2021: What Product Secrets You Will Learn From Indian Unicorn And Soonicorn Foundersedit
Inc 42 – Online Web
The most crucial factor that sets tech product companies apart from old-economy businesses is the former’s ability to scale up exponentially. As we all know, founders, VCs and maverick product makers bet their money, talent and time to build businesses which will provide multifold returns. Therefore, a tech product must achieve hyper-growth, a phase of rapid expansion when a startup grows at 20-40% CAGR and doubles the company’s revenues every three-four years. Not every tech startup can reach that height. But companies which do are often considered soonicorns (soon-to-be-unicorns) and generally enter the prestigious unicorn club.