Edtech | Pixr8 News

7Apr By Press Trust of IndiaNo Comments

FUNDING

Lido raises over $7.5 Million in Funding led by Ant Financial

Education technology firm Lido Learning has raised over Rs 56 crore in funding led-by Ant Financial-backed BAce Capital to expand its offering to Indian students, the company said on Tuesday. "Lido Learning, an ed-tech startup focusing on live online tutorials, has just closed a USD 7.5 million (about Rs 56 crore) Series B round. The round is led by Ant Financial-backed Bace Capital, and completes the ed-tech startup’s overall funding at USD 10.5 million. Existing investors also participated in the round," the statement said. Lido is BAce Capital’s first ed-tech investment in India, as part of a strategy to continue investing in early stage companies in emerging economies, focusing on India and Southeast Asia. "Our vision is to build 250 million unique learning journeys for 250 mi...

BYJU’S sees 150% Growth After Allowing Free Access

6Apr By AdityaNo Comments

News

BYJU’S sees 150% Growth After Allowing Free Access

Edutech company BYJU'S said it has witnessed a 150 per cent increase in the number of new students learning on its app after announcing free access in March 2020. The initiative, taken to support students to learn from home during the disruption caused due to COVID-19, has received an overwhelming response with students from metros and non-metros accessing lessons on the app, BYJU'S said in a release here. Over six million new students have started learning on the app in March 2020 alone. To support students in their learning journeys further, the company has introduced free 'Live Classes' on its platform. Students will now be able to learn real-time from teachers by reserving their preferred topic and slot from the schedule on BYJU'S The Learning App, the release said. "Aft...

Unacademy Raises USD 110 mn Led by Facebook & Others

20Feb By NitishNo Comments

FUNDING

Unacademy Raises USD 110 mn Led by Facebook & Others

Online education platform Unacademy raises USD 110 million (about Rs 780 crore) in a funding round led by social media major Facebook and General Atlantic. The funding round saw investment from fresh investors including Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures, Flipkart CEO Kalyan Krishnamurthy and Udaan co-founder Sujeet Kumar, according to a company statement. 'We are seeing great learning outcomes through our subscription where learners can take live classes by these educators. We now have more than 90,000 active subscribers. We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us,' Unacademy co-founder Gaurav Munjal said. In addition to rais...

Vedantu Raises $24 Million Led by GGV Capital

14Feb By AnkitaNo Comments

FUNDING

Vedantu Raises $24 Million Led by GGV Capital

Education technology start-up Vedantu has raised Rs 171 crore (USD 24 million) in a round led by global venture capital firm GGV Capital with participation from existing investors. This was in addition to the Rs 299 crore raised by the firm in August 2019. "We are excited to have GGV Capital back us, as a unique VC firm that has backed some of the world's most successful companies, this is a huge validation for Vedantu. We want to further our mission to make this new format of live interactive classes the answer to the current engagement gaps in online education and are very excited about the future," Vedantu CEO and co-founder Vamsi Krishna said in a statement. With this round, the total fundraised by the company stands at around Rs 600 crore. Krishna said that the company see...

29Jan By Press Trust of IndiaNo Comments

FUNDING

Ed-tech Startup WizKlub Raises $1 Million in Seed Funding

Bengaluru, Jan 28, 2020: Ed-tech startup WizKlub raises $1 million (Rs 7 crore) in seed funding led by Incubate Fund India with participation from Insitor Impact Asia Fund. This round brings the total funds raised by the company to Rs nine crore so far, it said in a statement. The company, founded in February 2018 by serial entrepreneur Amit Bansal, plans to use the fresh capital for product and market expansion. "Supplemental education beyond curriculum is the greatest need in the Indian education system today and we are addressing this area with our research-based learning programmes", Bansal said.

10Jan By PriyankaNo Comments

FUNDING

Byju’s Raises $300 Million Funding From Tiger Global

NEW DELHI, 10 Jan, 2019: New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. Tiger Global, one of the most influential investors in the Indian startup ecosystem, has been negotiating an investment in Byju’s for the past few months, said two people aware of the developments. They indicated that secondary transactions, estimated at $100-200 million, may also take place, providing exits to some of the early backers of the eight-year-old company. “We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” founder Byju Raveen...

16Sep By PriyankaNo Comments

FUNDING

Edtech startup AttainU raises angel funding

Bengaluru, 16th September 2019: AttainU, a Bengaluru based edtech startup providing high-quality, live online courses as college alternative to individuals has raised angel funding from investors including Shailesh Rao ex-Google India Head, Nikhil Rungta ex-Intuit India Head, Anil Gelra Founder, SnapMint and Manish Kumar Founder, KredX and LetsVenture. The company plans to use the funding to further strengthen faculty, development of courses, counselling teams and build a semi-automated platform to cater to the huge inbound student demand they are receiving. Founded by Divyam Goel and Vaibhav Bajpai in 2018, AttainU currently offers full-time, online 7-month long Software Engineering courses for users looking to get into Software Engineering careers. AttainU provides career coun...

11Sep By PriyankaNo Comments

FUNDING

EdTech Startup WhiteHat Jr. Raises 10 Million Funding

MUMBAI, Sept. 11, 2019-- EdTech startup WhiteHat Jr. raises $10 million funding in Series A from existing investors Nexus Venture Partners and Omidyar Network India. Owl Ventures, a Silicon Valley-based EdTech focused venture capital fund, also participated in this round. Founded by Karan Bajaj, WhiteHat Jr. helps kids 6 to 14 build commercial-ready games, animations, and apps online using the fundamentals of coding. The company started in November 2018, had earlier raised $1.3 Mn in seed funding from Nexus Venture Partners and Omidyar Network India. WhiteHat Jr. has developed their own original coding curriculum, which is centered on product creation, and imparts their lessons via 1:1 live, interactive online classes. The new funds will be used to strengthen their technolog...

25May By Sheldan RungasamyNo Comments

FUNDING

AR-Focused Ed-Tech Startup Raises $2 Mn Funding

Smartivity Labs, an Augmented Reality (AR) EdTech startup, recently raised $2 Mn from Ashish Kacholia, an early venture investor. The funds raised will serve to scale Smartivity’s operations in international markets. Smartivity Labs is also backed by S Chand Group, a publishing company based in Delhi. We closed 2017-18 at $1.4 Mn at around 2.5x to 3x year-on-year growth. This year, we are projecting around $3.5 Mn. We are also on the verge of finalizing newer markets like Japan, China, Russia and Western Europe, said Tushar A Amin, co-founder of Smartivity Labs. The association between Smartivity Labs and S Chand Group is to develop academic content for subjects such as science, technology, English and Mathematics (STEM) as well as arts in order to provide a learning-based DIY kit. T...

Educational Tech Startup Raises INR 3.84 Crore From Sequoia Capital

7May By Sheldan RungasamyNo Comments

FUNDING

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. Previously, Unacademy raised an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with the participation of several other investors, notably, Nexus Venture Partners and Blume Ventures. Unacademy was founded by Gaurav Munjal, who is now CEO of Flatchat, Roman Saini, Hemesh Singh and Sachin Gupta. Initially, the edtech startup operated as a YouTube channel but its popularity propelled the platform...

4Nov By RishabhNo Comments

FUNDING

Edtech Startup Meritnation Raises Funding from Info Edge

Edtech platform Meritnation, run by Appect Learning Systems has recently raised a sum of Rs 38 crore from the online classifieds portal - Info Edge. With this latest funding round, Info Edge now holds a majority stake of 65.67% in the startup, in comparison to the earlier 56%; with a total of Rs 134 crore as an investment. A large part of the funding(around Rs 32 crore) will be used to retire some of the debt on its books while the remaining will be used for the expansion and daily operations. Meritnation is an online education platform that helps students develop and deliver online studying material in terms of assessments, lecture videos and related content from kindergarten to class 12 and test preparation modules for various UG entrance examinations. Also Recommended ...

31Aug By AdityaNo Comments

INDIA

Indian School of Business Inks Pact With Sap India For Startups

The Indian School of Business (ISB) and SAP Labs India have entered into a collaboration to nurture technology-based startups in the social space, focusing on ventures which are working in areas that have relevance to national priorities. According to a statement issued by the ISB, titled Jumpstart Social Enterprise Accelerator, the programme aims to identify and support 10 early stage and 5 growth stage promising ventures by providing guidance, mentorship and scaling up their technology solutions that can bring about a large scale impact in the lives of common people. "Through this initiative, we are supporting in creating investible and growth oriented social enterprises which can contribute to the economic development of our country," said Dilipkumar Khandelwal, Managing Director of...