Industry
Hero Group Forays Into Edtech, Begins Hiring For Key Positionsedit
Inc 42 – Online Web
“As part of our continuous efforts to reach out to more and more students across the country, we are in the process of building a new edtech platform. Our vision is to offer uniquely designed programs across domains and functions that are mapped to real roles and industry-demand,” reads a job posting on iimjobs for ‘Head – Human Resource’ at the new startup. “The focus will be on disrupting and reimagining university education and skilling for working professionals by offering high-impact online certification and degree programs. It’s time to put the fun back into learning!” reads the posting.
EdTech cos will be multi-compounders for many years, says General Atlantics Sandeep Naikedit
CNBC TV18 – Online Web
Naik is bullish on the India story and has taken big bets on the world’s most valuable ed-tech company BYJU’s and its rival Unacademy. In 2020, Naik was also part of the investor consortium that backed Reliance Jio, taking India’s consumer tech story to middle India or the proverbial Bharat. General Atlantic has pumped in more than $4 billion into India since 1999.
Current moment in road to recovery: VC firm Sequoia tells founders and CEOsedit
Business Standard – Online Web
In India, Sequoia counts Byju’s, Zomato, and Freshworks among its top portfolio The company said last July that Sequoias Limited Partners has collectively committed $1.35 billion to two new India funds. This includes a $525 million venture fund and $825 million growth fund.
BYJU’s, Car24, Nestle bosses among EY Entrepreneur of the Year finalistsedit
CNBC TV18 – Online Web
Global management consultancy firm EY has announced 14 finalists for the 22nd Entrepreneur of the Year-India (EOY) 2020 Awards. The list includes BYJU’s founder and CEO, Byju Raveendran, Vikram Chopra, co-founder and CEO, Cars24 Services, Nestle India chairman and managing director Suresh Narayanan, and Deepak Mehta, chairman and managing director, Deepak Nitrite.