Thursday, March 28

Search Results for: education

Swiggy to Enter Educational Institutes through ‘Launchpad’

The food delivery major Swiggy is planning and piloting a programme to launch operations in university towns. This programme will be known as Launchpad. Launchpad will bring onboard students, typically those in the third year of a four-year graduation degree, as the campus Swiggy CEO in each university or college town to leadSwiggy’s operations in […]

Gaja Capital Acquires Stake in Sports Education Firm KOOH

India’s private equity fund Gaja Capital has reportedly acquired a significant minority stake in sports education and training company KOOH Sports. The deal was worth Rs 75 crore ($10 million). Following the acquisition, Gaja will invest through a mix of primary and secondary stake buy, where a few of the existing investors will make a part […]

Aditya Birla Group in Talks to Acquire IL&FS’s Education Arm

Indian conglomerate Aditya Birla Group is eyeing to acquire the education and training arm of Infrastructure Leasing and Financial Services Ltd (IL&FS). The arm is known as IL&FS Education and Technology Services (IETS). IETS is a wholly owned subsidiary of IL&FS and operates computer labs in government schools under the build-own-operate (BOO) model. It manages 16,000 […]

Gaja Capital invests $25M in Educational Initiatives

One of the Mid-market private equity firm Gaja Capital has invested $25 million (about ₹172 crore) in Ahmedabad- and Bengaluru-based educational technology company Educational Initiatives, it has marked its eighth investment from its third fund. managing partner of Gaja Capital, Gopal Jain informed about the transaction but did not share further investment details. 2018 has been an active year for […]

Online Education Company Pluralsight Marks a Debut on Nasdaq

Online Education Company Pluralsight marked a debut on Nasdaq on Thursday with its shares trading at an opening price of $20 per share, roughly 34 percent above the $15 price at which the company had priced its initial public offering. Interestingly, the stock marked a close at the same price it had opened. Pluralsight is […]

Educational Tech Startup Raises INR 3.84 Crore From Sequoia Capital

Unacademy, an edtech startup raised INR 3.84 crore funding from existing investors – Sequoia Capital, Saif Partners, Nexus Venture Partners and Blume Ventures in a Series B equity round. Its parent company, Sorting Hat Technologies Private Limited allotted 400 Series B1 preference shares of Rs 100/- each and a premium of Rs 96,127.10/- per share. […]

Infosys Will Open Another Educational Center in US, Create 1000 Jobs

Infosys, India’s leading IT company announced the opening of an Education Center in Indianapolis, US on Thursday in a bid to train American workers and create around 1,000 new jobs in the city. US Vice President Mike Pence was present for the announcement, which came one year after the company made public its intentions of […]

Online Education Platform Raises 3 Crore Funding

Leading online curated learning platform Career Anna has raised Rs 3 crore funding structured financing from a group of angel investors. The Funding will be used to launch a series of online learning programs like Artificial Intelligence, Data Science, Machine Learning, Deep Learning, DevOps and other new-technology fields where demand for talent far exceeds supply. […]

Reliance Acquires Online Education Portal Embibe

Reliance Industries recently purchased a majority stake of 72.69% in Indiavidual Learning Pvt Ltd’s online education platform Embibe. Mukesh Ambani’s company is set to pour $180 million over the next three years in the company, according to stock market filings. The deal will also see Lightbox and Kalaari Capital leave the online learning platform’s board […]

NGO Raises $500K To Provide Education To Children In India

Pratham USA, an Indian non- governmental organisation has raised more than USD 500,000 this year towards providing quality education to underprivileged children in India. At its latest fund raiser in the Washington DC suburb of Virginia, Pratham raised USD 275,000 from about 360 guests. Actor R Madhavan made an impassioned plea with his keynote address […]

Education Startup Unacademy Raises $11.5 Mn From Sequoia, SAIF And Others

Online learning platform Unacademy has raised $11.5 million (Rs 73 crore) in a Series B round led by Sequoia Capital India and SAIF Partners, the company said in a statement on Wednesday. The round also saw participation from its existing investors Nexus Venture Partners and Blume Ventures.