Friday, November 22

Tag: Byjus

EdTech Co. Byju’s Crosses Rs 100 Cr Monthly Milestone
21Jun By Gauri SinghNo Comments
BUSINESS

EdTech Co. Byju’s Crosses Rs 100 Cr Monthly Milestone

India’s top online education startup Byju’s has touched the revenue milestone and has crossed the monthly earning of Rs 100 crores last month. The company now aims to grow more and has set a target revenue of Rs 1400 crores this year. The Bengaluru-based company claims that it has 20 million registered students and 1.26 million annual paid subscribers on its learning app. The app also has an addition of 1.5 million registered students every month. According to the reports, for the past three years, Byju’s has been growing 100% annually since the launch of its app in 2015. “Last month we crossed Rs 100 crores in revenue. With a consistent 20% month-on-month growth, we expect to finish this year with Rs 1400 crores in revenue. The launch of the personalized version of our app last year, ...
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Ed Tech Platform Unacademy Eyeing To Raise $30 Mn
18Jun By Lavina TolaniNo Comments
FUNDING

Ed Tech Platform Unacademy Eyeing To Raise $30 Mn

Unacademy, the popular online learning technology platform is gearing up towards raising a series-C funding round of $25-30 million led by Sequoia Capital along with another clutch of investors. The investment round will bring company's valuation close to around $100 million. Pixr8 had earlier reported Unacademy raising an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with Nexus Venture Partners and Blume Ventures. The Bengaluru-based startup is now India’s largest educational platform, helped over 300,000 students prepare to crack competitive examinations through over 2,400 online lessons, and specialized courses. It has an impressive board of educators on board ranging from influencers like Dr Kiran Bedi to teachers in smaller town...
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Online Education Platform Raises 3 Crore Funding
24Apr By NitishNo Comments
FUNDING

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. Founded in 2014, Career Anna is on the mission to empower over 500 million students and professionals across India and emerging countries, with opportunities and skills in high growth careers of their choice. The efforts aim at providing an end to end solution to the opportunities, skill and employability problem as per industry needs. With a vision to transform over 1 million lives by 2020, Career Anna has already positi...
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Unacademy Looking to Raise $30-35 Million
26Feb By AnkitaNo Comments
FUNDING

Unacademy Looking to Raise $30-35 Million

Bengaluru based online education platform Unacademy is in talk with investors to raise $30-35 million. The funding will use to expand Unacademy base in international market. In September, Unacademy had raised $11.5 Million from Sequoia and SAIF partners. The valuation of education platform is around $40-50 million and after $35 million funding the valuation will be close to b/w $110-130 million. As per the Livemint report, Out of $35 Million, half the funding will infuse by the existing investors. Unacademy, which was founded by CEO Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta has over 50 employees & freelancers. Unacademy didn’t respond to an email seeking comment. Apart of Unacademy, Byjus an education based start-up for 4th-12th class attracts the venture...
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BYJU’S Bags An Undisclosed Amount Of Funding From Tencent Holdings Ltd
25Jul By RishabhNo Comments
FUNDING

BYJU’S Bags An Undisclosed Amount Of Funding From Tencent Holdings Ltd

Indian edu-tech startup BYJU'S has once again made headlines for raising an undisclosed amount of funding from China’s Tencent Holdings Ltd. “BYJU’S has emerged as the clear leader in the Indian education-tech sector. We share BYJU’S mission of transforming education by creating personalised learning experiences for students. We are excited to be partnering with Byju on this exciting journey” said Hongwei Chen, Executive Director of Investment and M&A at Tencent. The funding will be utilized to accelerate BYJU'S product development for new markets and enable its growth through acquisitions. “We are excited to have Tencent on board with us. This makes our strong investor portfolio even more diverse,” said Byju Raveendran, founder and CEO, Byju’s. Tenccent is a Hong Kong Stock Exchan...
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Member of World Bank Group Invested in India’s Online Education Startup BYJU’s
21Dec By NitishNo Comments
FUNDING

Member of World Bank Group Invested in India’s Online Education Startup BYJU’s

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, BYJU's had raised USD 50 million from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital. BYJU's has also raised USD 9 million from Aarin Capital in 2013, followed by Series B funding of USD 25 million from Sequoia Capital last year and a USD 75 million fund raise from Sequoia Capital and Sofina earlier this year. "The investment from IFC recognises our commitment to create world-class learning programs th...
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BYJUs Raises $50 mn From Chan-Zuckerberg Initiative and Others
8Sep By NitishNo Comments
FUNDING

BYJUs Raises $50 mn From Chan-Zuckerberg Initiative and Others

Online education start-up BYJUs has raised USD 50 million (about USD 332.3 crore) from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital. Other participants in the series D funding included Sofina, Lightspeed Ventures and Times Internet Ltd. The new round, which comes within months of a USD 75 million fund raise from Sequoia Capital and Sofina, will be deployed to fuel international expansion in countries like the US and the UK. It already has a presence in the Middle East. This is the first investment of CZI, which was founded by Facebook founder Mark Zuckerberg and his wife Priscilla Chan, in Asia. "The Chan Zuckerberg Initiative supports innovative models of learning wherever they are around the world," said CZIs Vivian Wu, who will join BYJ...
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Problem & Solution of India’s Next Unicorn
23Apr By No Comments
BLOGS

Problem & Solution of India’s Next Unicorn

Recent Global News Highlights Report: TutorGroup, a Shanghai-based online language learning provider, raised nearly $200M in Series C round, led by Singaporean sovereign fund, GIC and Goldman Sachs bringing its valuation to over $1B Varsity Tutors, an online platform connecting students with tutors for in-person and online sessions, raised $50M in Series B round led by Technology Crossover Ventures. Instructure, a cloud-based learning management system provider, went public on 13 Dec, 2015. Apple acquired Education Startup LearnSprout   Is EdTech today an increasingly attractive business for venture funding? According to Tracxn global EdTech report (Mar 2016), over $9.9B has been invested in the sector in the last 10 years with more than one third of the amount invested ...
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