Competition
Vedantu co-founder Vamsi Krishna on edtech momentum post pandemicedit
Tech Circle – Online Web
Bengaluru-based Vedantu is riding the edtech wave induced by the Covid-19 pandemic. The platform, which claims to have over 25 million monthly users across 1,000 cities around the world, raised $100 million in a growth round in July 2020. The investment came some three months after the platform secured $13 million in an extended Series C round from Chinese venture capital firm Legend Capital, existing investor Omidyar Network and others.
Byju’s may close $800-mn Aakash deal by March ’21edit
Business Standard – Bangalore
Byju’s is on an acquisition spree, with the edtech decacorn seeking to close the deal to acquire exam preparation firm Aakash Educational Services by March. The deal, valued at $700-800 million, would be the biggest in the education space once closed, said sources. The country’s $180-billion education sector has gone online to adapt to the new reality, leading to opportunities for edtech firms, including Unacademy, Vedantu, and Byju’s. Byju’s had almost doubled its revenue from ~1,430 crores to ~2,800 crores in FY20.
Industry
How COVID-19 has changed the way we educate childrenedit
WEF – Online Web
Many countries have now adopted hybrid approaches, constituting a mix of in-person and remote learning for when schools reopen. Going forward, we will continue to see the rise of blended learning. Learning will eventually combine asynchronous online elements with synchronous elements, enabling students to interact with each other, their teachers, and learning content, all at the same time. “I think the future of education will seamlessly combine offline and online learning and we will be able to find the right balance somewhere in the middle. We will witness the education sector take a leap from the traditional one-to-many approach to blended one-on-one learning experiences, providing students the best of both physical and digital worlds,” he ...
VC firm, Sequoia Capital India to raise second India Seed fundedit
Tech Story – Online Web
Recently, after a very successful first India Seed fund, the Venture Capital firm is all set to raise its second India Seed fund which aims to target early-stage start-ups. Sequoia Capital India began with this journey about two years ago from today with its incubation and accelerator programme called Surge. Some of these companies that are actively in partnership with Sequoia Capital India include OYO Rooms, Druva, Byju’s, Zomato, Tokopedia, GO-JEK, Truecaller, Carousell among many others.
How COVID became a catalyst in the growth of a few startupsedit
The Week – Online Web
Byju’s The pandemic was undoubtedly a revolutionary time for the edtech startups. The closure of schools, college, and other leaning institutes have forced parents and students to look for alternative solutions. Edtech startups like Byju’s have helped them to continue their learnings to leverage their free time during the lockdown.
Edtech is the darling of the day’edit
Business Standard – Bangalore
The two companies it has or is acquiring — WhiteHat Jr and Aakash — present real value to it. It gains a new product to sell to its existing customers and acquire new customers through the purchase. WhiteHat Jr has also given Byju’s deeper access to the US market.
Doubtnut raises 224 crore led by SIG and Lupa Systemsedit
Live Mint – Online Web
The round came after talks of a potential acquisition by edtech unicorn Byju’s failed last year due to differences in valuation. Four-year-old Doubnut is a multilingual, doubt-solving platform that uses artificial intelligence and machine learning to provide video-based solutions.