Online education firm Coursera has raised USD 64 million from GSV Asset Management, New Enterprise Associates (NEA) and Kleiner Perkins Caufield Byers (KPCB), among others. The series D funding round also saw participation from Learn Capital and Lampert Foundation, Coursera said in a statement. The new funding takes the company’s total capital raised to date […]
The online education industry in India is poised to grow eight times to become a USD 1.96 billion industry by 2021 as an increasing number of students consume content through e-routes. According to a report by Google and KPMG, the paid user base is also forecast to grow 6X from 1.6 million users in 2016 […]
Online education start-up co-founder Ronnie Screwvala has launched a Rs 100 crore education scholarship fund to provide loans to those looking at doing online courses to improve their skill sets. The fund will give scholarships ranging from Rs 25,000 and up to Rs 2 lakh. “We need 125 million young Indians in post-graduation studies and […]
Eruditus Executive Education today said it has raised USD 8 million (Rs 52.36 crore) in its series B round from Bertelsmann India Investments. The company plans to use the funding to add new programmes with existing and new university partners as well as expand its geographical footprint to China, Latin America and Europe, the executive […]
Matrix Partners India announced today that it has invested an undisclosed amount in education technology startup, Testbook. “We are on a mission to reshape the process of how students prepare for competitive exams. Our endeavor is to deliver world class, personalised learning content for students while solving the problem of access and affordability for the […]
IFC, a member of the World Bank Group, today said it has invested $15 million in online education startup BYJU’s. This partnership will enable BYJU’s to further their plans to make quality education accessible for students across the nation as well as in international markets, International Finance Corporation (IFC) said in a statement. In September, […]
Palo Alto-based education start-up Stoodnt – which helps students aspiring to study abroad by connecting them with high-quality college admission counsellors, and providing guidance, insights and online tools – has raised an undisclosed amount in funding from Rajan Anandan, Vice-President, Google, South-East Asia and India. Anandan has emerged as the most prolific angel investor in […]
In a bid to boost innovation at premier institutions, an agency will soon be set by the government to provide funds up to Rs 20,000 crore for building research-oriented infrastructure at IITs, IIMs and other centres of higher education. The HRD Ministrys proposal to this effect was cleared at a meeting of the Union Cabinet […]
Digital Education platform TopRankers announced raising Rs. 4.5 crore funding from Careernet Consulting and Ideation Initiative Pvt. Ltd. The company plans to utilize the capital to upgrade its services by investing in innovative technology, and also expand its geographical presence in India. TopRankers is a Bengaluru-based online test preparation portal that enables students to prepare […]
Online education firm Coursera is focussing on partnering Indian enterprises for corporate learning solutions as part of its efforts to expand its presence in the country. Coursera, which counts India as its third largest learner market after the US and China, has 1.3 million users here. Globally, it has a user base of 19 million […]
It was the September of 2014. Indian entrepreneurs were making headlines. Funding, valuation, and bootstrapping were among the most common words in the newspapers. India was becoming hottest destination for venture capital. I was already selling Indian dresses to NRIs through Instagram to fund my college education. The headlines gave a spark to my desire […]
Cuelearn Pvt Ltd also known as Cuemath runs an Education start-up has raised $4 million from Sequoia venture capital firm and existing investor Unitus Seed Fund. With this round of funding, Cuemath aims to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000. The firm declined […]