Competition
Edtech platform Vedantu aims for 1 million paid users by March, 2022edit
Business Standard – Online Web
Online live tutoring platform Vedantu has seen significant growth in the number of users coming to the platform, and the company aims for its paid userbase to touch one million by March next year. Vedantu, which competes with players like Byju’s, has also launched a national initiative – V.O.T.E (Vedantu Online Talent Exam) that will include an assessment exam for students of grades 5-12. “2020 and the pandemic has had a major impact on the industry and the company. This is the year when the category and the category awareness shot through. The challenge was around making parents aware and understand the format, and get them to trust the format because their default ...
Industry
India has 100 unicorn startups and here’s what they doedit
International Business Times – Online Web
Ever since the COVID-19 pandemic struck the world, the economic impact has been severe. While businesses suffered immensely due to the lockdown, which lasted for the better part of 2020, startups were the worst impacted. Many even had to shut down. 2020 had been a challenging year for companies, and those that powered through are slowly getting back on track. India, as a startup hub, was seen through a skeptical lens, but the reality is in contrast. Byju’s is an online learning startup that was valued at $11.1 billion as on September 2020. Like Byju’s, Unacademy is an online education platform that has since grown multifold. It is now valued at $2 billion and ...
Learning apps have boomed in the pandemic. Now comes the real test.edit
The Economic Times – Online Web
After a tough year of toggling between remote and in-person schooling, many students, teachers, and their families feel burned out from pandemic learning. But companies that market digital learning tools to schools are enjoying a coronavirus windfall. Venture and equity financing for education technology startups have more than doubled, surging to $12.58 billion worldwide last year from $4.81 billion in 2019, according to a report from CB Insights, a firm that tracks startups and venture capital.
Atal Innovation Mission and AWS partner for cloud skilling of students, edtech startups in Indiaedit
The Financial Express – Online Web
The Atal Innovation Mission, the initiative of the Government of India to promote innovation and entrepreneurship, today announced its collaboration with Amazon Web Services (AWS) for its AWS Educate programme to provide resources for students and educators to accelerate cloud-related learning in the country. The program will introduce the fundamentals of cloud computing such as cloud storage, virtual compute power, web hosting, artificial intelligence (AI), machine learning (ML), and virtual reality (VR), to students at around 7,000 Atal Tinkering Labs that are operational across schools in India.
Bridging the learning gap: How EdTech is bringing online learning to rural studentsedit
CNBC TV18 – Online Web
The COVID-19 pandemic has resulted in an acceleration of earlier EdTech attempts to provide students with an engaging and comprehensive learning experience through digital platforms. However, it is impossible to succeed in this endeavor without considering the presence of a significant learning gap in the country. A wide array of digital and hardware solutions is being brought into the EdTech industry. Still, these products are not reaching many potential customers – that is, the students in rural areas of India who, arguably, need it more than their urban peers. Why? Because of inadequate digital as well as internet penetration in rural and remote regions of India. Some EdTech players, for instance, are ...
Ameera Shah, Byju Raveendran, Darshan Patel, Mira Kulkarni amongst others win EY Entrepreneur Awardsedit
The Financial Express – Online Web
The 14 Finalists for the EY Entrepreneur of the Year 2020 India Awards are: Ameera Shah, Managing Director, Metropolis Healthcare; Byju Raveendran, Founder and Chief Executive Officer, Think & Learn (BYJUS); Darshan Patel, Chairman and Managing Director, Vini Cosmetics; Deepak Mehta, Chairman and Managing Director, Deepak Nitrite (DNL); Dinesh Agarwal, Chief Executive Officer and Managing Director, Indiamart; Harsh C. Mariwala, Chairman, Marico; Peyush Bansal, Founder and Chief Executive Officer, Lenskart Solutions; Samrath Bedi and Mira Kulkarni, Executive Director / Founder and Managing Director, Mountain Valley Springs India (Forest Essentials); Srinivas Sadu, Managing Director and Chief Executive Officer, Gland Pharma; Sunil Vachani, Executive Chairman, Dixon Technologies (India); Suresh Narayanan, Chairman and Managing ...