We want to democratise education so that it reaches every nook and corner
Exchange4Media – Online Web
With the pandemic leading to the evolution of education from physical to digital, there have been certain changes in the sector. The discussion highlighted the exponential growth seen in the adoption of online learning during the pandemic. Mehta also explained how the relationship between formal education and the EdTech sector has evolved, how online learning provides a customized & personalized experience, how Byju’s is looking to democratize education and the road ahead for BYJU’S & the EdTech sector.
Called ineffective in BYJU’s ads, more than 100 coaching institutes send legal notice to EdTech giant
Edex Live – Online Web More than 100 coaching institutes across the country have sent a legal notice to online tutoring giant BYJU’s over two advertisements, one of which referred to their teaching methodology as ‘ineffective’. The Coaching Federation of India (CFI), a conglomerate that comprises 101 coaching institutes in the country has issued a notice on March 29, saying that BYJU’s has misrepresented facts and “misused their position in the market by publishing disparaging material” through their ads.
Uable raises $3.5 million led by Jafco Asia, Chiratae Ventures
Mint – Online Web
Uable, a life skill development online platform for children, has raised $3.5 million in pre-series A round led by Jafco Asia and Chiratae Ventures. Existing investor 3one4 Capital also participated in the round. Supriya Singh, Director of South Asia investments, Jafco Asia joins the board of Uable, the company said in a statement. Uable has launched a new-age learning platform exclusively for teenagers across the world, and the funding will help the company add more real-world domains for teenagers to explore besides building a global team and scale the product globally.
Unacademy Announces Go-For-Gold Initiative for School Students
Educrats Web – Online Web
Unacademy, India’s leading learning platform, has announced the Go-For-Gold Initiative for Indian school students participating in the International Olympiad in Informatics (IOI) 2021. The IOI is one of the most prestigious UNESCO-recognized Olympiads in programming and informatics for school students. The Go-For-Gold Initiative was started by CodeChef in the year 2013 to bridge the gap in talent and train aspiring contestants for the IOI examination. Unacademy took over the custodianship of CodeChef in June 2020. As part of the Go-For-Gold initiative, Unacademy will award a cash prize worth Rs. 15 lakhs, along with a laptop and other rewards to any Indian student winning a gold medal at IOI 2021.
Whitehat Jr partners with EnduroSat to offer Space learning
Elets Online – Online Web
“We have always believed in the power of creation through exploration. This partnership is a testament to our mission to empower children to think beyond the obvious and literally chase the stars,” said Karan Bajaj, Founder and CEO of Whitehat Jr., in a statement. .
Byju’s in talks to acquire US-based reading platform Epic: Report
Business Standard – Online Web
Edtech decacorn Byju’s in talks to acquire US-based online reading platform Epic, according to TechCrunch. The acquisition is expected to help the Bengaluru-based Byju’s to deepen its footprint in the US market.
Byju’s raises Series F Round led by MC Global EdTech Investment Holdings
CIOL – Online Web
Edtech decacorn Byju’s has raised Rs 3,328.23 crore or close to $460 million in its ongoing Series F round led by MC Global Edtech Investment Holdings LP, reported Entracker. In the round, the company has alloted 1,40,233 Series F CCPS at a face value of Rs 10 and a premium of Rs 2,37,326 per share to raise the sum.
BYJU’S Becomes Second Highest-Valued Indian Startup After $460 Mn Fundraise
The Financial Express – Online Web
Bengaluru-based edtech giant BYJU’S has now become the second highest-valued Indian startup, trailing only digital payments giant Paytm, after raising INR 3,328 Cr (about $460 Mn) as a part of its ongoing Series F funding round.
IE100: The list of most powerful Indians in 2021
The Indian Express – Online Web
84. Byju Raveendran, 40. He runs the world’s second largest ed-tech platform. The company has revolutionalised India’s private education system by tackling product challenges. In the year that ended on March 31, 2020, the company reported revenues of Rs 2,800 crore — more than double from the previous year. Byju’s acquired online coding platform WhiteHat Jr for $300 million in 2020, making it the biggest acquisition deal in the edtech sector. What Next Byju’s is shifting its focus to an all=inclusive edtech ecosystem and is now targeting the offline segment as well.
Byju’s raises $450 Mn led by MC Global Edtech Investment
Entrackr – Online Web
Edtech leader Byju’s has raised Rs 3,328.23 crore or close to $450 million in its ongoing Series F round led by MC Global Edtech Investment Holdings LP. While this is the maiden investment round for the Bengaluru-based company in 2021, it has gathered a little over $1 billion in the ongoing fiscal year or FY21.