Sunday, March 3

Tag: education

Why Learning a New Language is a Phenomenal Idea Nowadays
BLOGS

Why Learning a New Language is a Phenomenal Idea Nowadays

Despite all of the arguments you've probably heard about the advantages of learning a second language for your education, trips and job, some individuals still tend to believe that being bilingual isn't as essential as it once was. As our society develops increasingly connected as a result of technology advancements, it has become clear that learning other languages is helpful for a variety of reasons. In today's multinational world, relationships are more fundamental than ever. Speaking a foreign language can always offer you an unexpected advantage as the world becomes increasingly interconnected. With an increasing level of international commercial activity, travel industry, migration and cross-cultural encounters, you're expected to run into someone who doesn't communicate in...
Vedantu acquires doubt-solving platform Instasolv
ACQUISITION

Vedantu acquires doubt-solving platform Instasolv

New Delhi, Feb 22, 2021: Ed-tech startup Vedantu has fully acquired Instasolv, a doubt-solving app for students of classes 6 to 12 for science, mathematics. The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round funding in Instasolv. "Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement. This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant do...
Advantages of Online Exam Proctoring System
BLOGS

Advantages of Online Exam Proctoring System

Online proctored exams based on Ai employees' needs to conquer these frustrations. The online proctoring method enables officials to automatically track participants when taking the test. 3 types of online proctoring are primarily available, live online proctoring, recorded proctoring, and advanced proctoring. Although the first two involve a person’s presence, the advance proctoring excludes human participation. Internet classrooms had become a modern practice after the epidemic of COVID-19. The exams have become automated as well. Effectively coordinating the assessment system that meets the norm of an offline exam is the most important tension. The biggest goal is to develop a workable test by reducing cheating on the role of exam takers. Generally, at an examination hall, an in...
Duolingo Raises $35 Million, Now valued at over $2 billion
FUNDING

Duolingo Raises $35 Million, Now valued at over $2 billion

Pittsburgh based online language learning platform Duolingo raises $35 million in funding from Durable Capital and General Atlantic, a global growth equity firm at a $2.4 billion valuation. The latest round of funding brings the company’s total funding to $183m. Duolingo will use this new funding to accelerate its research and development as well as to accelerate the growth and expansion of its team. Launched in 2011, Duolingo provides a language-learning platform and it offers 98 courses across 40 languages. In March, they launched a new app for children called "Duolingo ABC". The company’s app has been downloaded more than 500 million times. While learning content on Duolingo is free, the company has grown its revenue with advertising and a paid subscription offering, Du...
Unacademy Raises $150 Million at $1.5 Billion Valuation
FUNDING

Unacademy Raises $150 Million at $1.5 Billion Valuation

India based Edtech firm Unacademy raises $150 million in funding led by Softbank Vision Fund 2 along with participation from existing investors including Facebook. The fresh fund infusion values Unacademy at $1.5 billion, Unacademy co-founder Gaurav Munjal told Pixr8 News. "Unacademy plans to utilise the funds to launch new products and build a world-class team and organisation. We have recently launched a chess course where Viswanathan Anand (Indian chess grandmaster) gives training. We will innovate and launch programs in several new categories," Munjal said. General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round, the company said in a statement. Unacademy saw close to three-fold jump in its valuation in the lat...
Online classes short term answer, need to make schools resilient: Nandan Nilekani
Entrepreneurs Talk

Online classes short term answer, need to make schools resilient: Nandan Nilekani

The rapid shift to teaching and learning activities online prompted by the closure of schools due to the Covid-19 pandemic is only a "short-term response" and we need to fundamentally reimagine schools as a resilient system which can function under continuous turbulence, according to Infosys Chairman Nandan Nilekani. Classroom should not be the only location, teacher the only facilitator and textbook not the only medium, is the roadmap laid by Nilekani for a "resilient" school system while delivering the keynote address at a virtual conference on 'Future of Schools: Overcoming Covid-19 challenge and beyond' organsied by Ashoka University. "The rapid shift to move everything online, zoom classes, teaching through smart phones, all of this is part of a short-term response which was ne...
Unacademy Raises USD 110 mn Led by Facebook & Others
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 rai...
Vedantu Raises $24 Million Led by GGV Capital
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 se...
Ed-tech Startup WizKlub Raises $1 Million in Seed Funding
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.
Coaching Institute Aakash acquires Applect Learning for $14.5 Million
ACQUISITION

Coaching Institute Aakash acquires Applect Learning for $14.5 Million

Entrance test preparation services provider Aakash Educational Services Ltd has acquired ed-tech company Applect Learning Systems for around $14.5 million (Rs 100 crore). The company has entered into a definitive agreement with Info Edge (India) Ltd and other selling shareholders to acquire ALSPL, which offers learning programmes under the brand name 'Meritnation' catering to students of class I to XII, AESL said in a statement. When asked about the value of the deal, a company official said, 'it is around $14.5 million (Rs 100 crore) for the entire stake.' In October last year, Blackstone had picked up a 37.5 percent stake in Aakash Educational Services for Rs 1,350 crore and announced the intention to create a digitally enabled, omnichannel test preparation company. 'As part of...
Board Infinity raises $320k funding from Angel Investors
FUNDING

Board Infinity raises $320k funding from Angel Investors

New Delhi, 8th July 2019: Board Infinity, an Ed-Tech Startup raises $320k (Rs 2.2 crores) in an angel funding from a group of angel investors. Founded in 2017 by Abhay Gupta and Sumesh Nair, Board Infinity provides short skilling courses delivered by industry experts in live classes format across emerging technologies, management roles. The startup will use the funds to improving the technology platform and expand its current learner base in Tier 2-3 cities.  Angel investors who invested in Board Infinity includes Mr. Ambarish Raghuvanshi Ex-CFO of Infoedge; Maheshwer Peri - Founder of Careers360; Vishal Soni & Ritu Soni - Founders of a Health & Wellness startup; Manish Gupta, Founder of UINCEPT- EdTech accelerator; Nirmal Singh, MD of Atraxn Ventures and founder of Wheebox ; ...
Imarticus Learning Raises Series B Funding from CBA Capital
FUNDING

Imarticus Learning Raises Series B Funding from CBA Capital

Professional education company Imarticus Learning Pvt. Ltd has reportedly raised funds amounting to $2 million (Rs 13.9 crore) in Series B funding round. The particular round was led by education-focused venture capital fund CBA Capital. The company is planning to deploy these funds into the process of expansion of its international operations and strengthen its presence in Mumbai, Delhi, Hyderabad, Bengaluru, Chennai, and Pune. Also, the company is soon looking to foray into three Tier-II locations as well. "We are thrilled to partner with CBA Capital and successfully close this round of funding. The funding will not only boost the brand's status as a leading ed-tech company but also help us take it to the next level of growth," said Nikhil Barshikar, MD, Imarticus Learning. Founded ...