Brand specific
Omidyar Network India leads seed round in edtech platform Kutukiedit
VC Circle, Tech Circle, You Startups – Online Web
Kutuki, a learning platform focused on children between the ages of three and seven, has raised Rs 16 crore (around $2.2 million) in a seed round led by Omidyar Network India. Also last month, Kyt Technologies Pvt Ltd, which operates a platform focused on extracurricular learning for children, raised $5 million led by Alpha Wave Incubation. Other startups in this space that have raised funding in recent months include Udayy, PurpleTutor, Yellow Class, and Stones2Milestones.
Competition
Vedantu’s Losses Spike To INR 158 Cr, Spent INR 8 To Earn A Rupeeedit
Inc 42 – Online Web
Bengaluru-based online tutoring giant Vedantu has reported a 6x increase in its losses to INR 158.5 Cr while its revenue stood at INR 35.8 Cr in the financial year that ended in March 2020. The company spent about INR 194.3 Cr to earn an operating revenue of INR 24.6 Cr in FY20. Going by these numbers, Vedantu spent almost INR 8 to earn a rupee in FY20, a spike from about INR 4 it had spent in FY19 (Expenses divided by operating revenue). The edtech giant had earned INR 10.44 Cr through its operations the previous year (FY19) while its expenses amounted to INR 39.4 Cr.
BYJU, LeadSquared Extend Partnership for 6 years to Create a Streamlined Student Acquisition Processedit
India Education Diary – Online Web
BYJU’S, India’s largest edtech company and the creator of India’s most loved school learning app has extended its partnership with LeadSquared, a leading CRM catering to the top edtech institutes in India for the next 6 years. LeadSquared supports BYJU’S to manage multiple operations from acquiring new students, building pro-active call centre teams to getting an overview of the sales operations. The extended partnership will unlock the full potential of digital transformation and work towards ensuring a seamless student experience.
Industry
Homeschooling and the proactive role of edtech platformsedit
Education World – Online Web
Edtech platforms have helped make education interactive and student-friendly. Guidance and lectures from world-class faculty ensure that kids can access quality education from any remote part of the world. Learning platforms such as Byjus, Vedantu and Coursera have syllabus-matched curricula for learners of KG to grade 12 as well as courses for further education seekers. All in all these edtech platforms have made it possible for parents to give their children the joys of a school within the comforts of their homes and delight seeing them grow with values and skillsets of their own.
How edtech startup Camp K12 scaled up from a coding bootcamp to a live learning platformedit
Yourstory – Online Web
Edtech startup Camp K12 began as a coding boot camp in 2010. But its growth in the last 10 months has overshadowed its journey of the last 10 years. Camp K12 conducted interactive workshops and immersive programmes on STEAM (Science, Technology, Engineering, the Arts, and Mathematics) subjects for school kids. Its courses focused on building logic, computational thinking, and mathematical skills, and enhancing the creativity of kids aged six to 18. Between 2010 and 2020, Camp K12 reached 50,000 students through partnerships with hundreds of schools in India, and also collaborations with organisations like Google, Adobe, IIM-B, and NITI Aayog.
Building in the Edtech Sector during the Pandemic: An opportunity in disguiseedit
Business World – Online Web
The Edtech Sector in both national and international markets has encountered a swift upsurge in the aftermath of the pandemic The Covid19 pandemics onslaught on human lives and livelihood has left the world reeling with an unprecedented crisis with almost all the traditional operations remaining disrupted.
An innovative e-learning platform, SWYE360 Learning, partners with Decatur Public Schools 61 to deliver virtual learning to studentsedit
IT News Online – Online Web
SWYE360 Learning is an Edtech software company that has developed an e-learning platform to deliver teaching and learning to students anywhere, synchronously and asynchronously. Our vision is that learning should be ubiquitous and tools like SWYE60 in the hands of great teachers can be transformational and impact learning outcomes.
Why Indian SaaS startups are stealing the show, why they matter and what next, explainededit
Money Control – Online Web
They hold much promise and are profitable, but enterprise startups tend to remain out of the spotlight, unlike their better-known consumer internet counterparts such as Flipkart, Uber and Swiggy. Moneycontrol decodes what SaaS companies do, why they are different, and what all the hype is about. SaaS startups are raising funds at 25-30 times their projected revenue 12 months from today. For context, not even consumer internet unicorns are valued at such rich multiples. For example, Byju’s, valued at $12 billion, and Zomato, at $5.4 billion, are both valued at 16-17 times their revenue. This makes the current SaaS boom unique.
Edtech, logistics and gig-economy to drive jobs as startups step up hiringedit
Hindi Business Standard – Mumbai
According to a survey by Scalar, venture capital-funded start-ups, especially in edtech, logistics, and gig economy, will be key drivers of the job market in 2021. Live learning platform Vedantu plans to hire 1,500 employees across all levels, with domain expertise in the fields of technology, product, finance, strategy, and human resource this year.