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Byju’s Plans To Raise $250 Million From Softbank & Others

30Jul By AnkitaNo Comments

FUNDING

Byju’s Plans To Raise $250 Million From Softbank & Others

Education Technology and Training expertise platform Byju’s is in talks with SoftBank and different traders to lift $200-250 million to fund its international growth plans. In the recent talks, the deal is yet to be finalised. Byju’s is in news to lift about $200-250 million from SoftBank and others. They’re nonetheless discussing the factors. This can assist catapult their worldwide growth. If the deal is successful it would possibly value the company at around $2 billion as stated by Byju's. “We by no means touch upon hypothesis,” mentioned a SoftBank spokesperson to an electronic mail question from ET, whereas a spokesperson of Byju’s mentioned that they had “no feedback” to supply, mentioned Byju's. Byju’s-The Learning App, which is the education technology pla...

Gaja Capital invests $25M in Educational Initiatives

27Jul By AnkitaNo Comments

FUNDING

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 The Gaja Capital. The PE firm manages assets of about $500 million across its three investment vehicles, having already recorded two strong exits — TeamLease and RBL Bank — in April and June, respectively. Both investments were made from its second fund — the $180 million Gaja-II. Mr Jian said, “Education is core to our investment strategy and we are long-term believers in the K-12 opportunit...

IIM Ahmedabad Launches its Own $25 Million Startup Fund

14May By NitishNo Comments

FUNDING

IIM Ahmedabad Launches its Own $25 Million Startup Fund

India's top management institute IIM-Ahmedabad has launched USD 25 million fund for startups working in the areas of financial inclusion, livelihood, education, and health over the next three to four years. The initiative is known as the Bharat Inclusion Initiative, which aims to invest in startups in fintech, education etc with the help of CIIE. The Center for Innovation, Incubation & Entrepreneurship (CIIE) planning to channelise approximately USD 25 million over the next 3-4 years towards backing game-changing startups leveraging the ongoing digital transformation in India, it said in a release. With seed support from Tata Trusts, CIIE has received an initial commitment of USD 12.5 million from the Bill and Melinda Gates Foundation, the Michael and Susan Dell Foundation, and ...

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

27Apr By Sheldan RungasamyNo Comments

News

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 setting up an innovation hub in Indianapolis. Infosys aims to create around 3,000 jobs with this initiative in Indianapolis, where Mike Pence previously occupied the position of Governor of the state of Indiana between 2013 to 2017 before being appointed Vice-President of the United States of America by Donald Trump. Commenting on the announcement, Pence said that Infosys “brings new chapter in the life of the growing Indiana economy.” He added that the initiati...

Apple Plans to Launch a Low-Cost iPad For Students & Teacher

25Mar By Lavina TolaniNo Comments

Tech

Apple Plans to Launch a Low-Cost iPad For Students & Teacher

In an attempt to gauge back its student and teacher customer base from tech giants Microsoft and Google, Apple Incorporation is planning to launch a new low cost “iPad” in its education-focused event which is scheduled to be held in Chicago in the coming week. This move is likely to shift company’s focus back to education sector just like it did earlier in 2012 with its first-ever education dedicated event. As per the reports from Bloomberg, this device would be a lower cost version of its already launched 9.7 inch iPad. Apple is also parallelly working on developing a classroom software that could enhance the use of iPads in schools. It can be noted that how smartly Apple is using its iPad strategy to regain its reputation in the education market. While, as of now Apple has always...

19Jan By Press Trust of IndiaNo Comments

INDIA

India Tops in Producing Bachelor in Science and Engineering

India accounts for one-fourth of the estimated 7.5 million bachelor in science and engineering degrees awarded across the world in 2014, a report has said. However, its the US that tops the charts in research and development spending, according to the annual Science and Engineering Indicators 2018 report of the National Science Foundation has said. China's growth in science and engineering field continued at an exceptional pace, the report said. The US is the global leader in science and technology (S&T). However, its global share of S&T activities is declining as other nations -especially China- continue to rise. According to the most recent estimates, in 2014, the US awarded the largest number of S&E doctoral degrees (40,000) of any country, followed by China (34,...

TalentEdge Defines Key Trends in Edtech Sector

5Jul By RishabhNo Comments

BLOGS, Story

TalentEdge Defines Key Trends in Edtech Sector

With the increased penetration of technology into our daily lives and smartphones taking over the world, India’s online education industry is expected to grow almost eight times to hit $1.96 billion by 2021, with the number of paid users rising six-fold from 1.6 million now to 9.6 million, as per a report by Google and consultancy firm KPMG. Traditional education systems, hence are losing their importance as both students and educators embrace what a basic edtech startup offers – convenience, personalization, and agility. “It is also interesting to note that high growth in education search queries is now coming in from Tier II and Tier III cities such as Patna, Guwahati, Aligarh and Kota, which points to the opportunities that growing penetration of smartphones and improving quality of...

11Jun By Press Trust of IndiaNo Comments

INDIA

Indian Govt. Aim To Offer 2000 Free Online Courses Through its Program Swayam

In a bid to promote affordable education, Human Resource Development Minister Prakash Javadekar today said the government aims to offer about 2,000 online courses within one year through Swayam an indigenously developed platform. "Currently, 380 courses are offered through this platform and this will be enhanced to 2,000 courses in one year", he said after inauguration of a week-long Teachers Workshop at the Indian Institute of Technology (IIT) here. About 60,000 students have already completed their courses through this affordable platform launched last year. It makes knowledge available anytime anywhere like ATM offers cash, the minister said, adding that it can be termed ATL - Anytime Learning. The platform provides high quality education on various subjects from school level (...

India Online Education Market Will Worth Around $1.96 Billion By 2021: Google-KPMG Report

31May By PriyankaNo Comments

ANALYSIS

India Online Education Market Will Worth Around $1.96 Billion By 2021: Google-KPMG Report

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 to 9.6 million users in 2021. The report titled Online Education in India: 2021 is based on market research and insights from Google search. It found that over the last two years, there has been a 2X growth in online searches for education and a 3X increase in searches made from a mobile device. About 44 per cent of education-related searches came from beyond the top six metros. Also, there has been a 4X growth in education content consumption on YouTube in the last one year, th...

14May By PriyankaNo Comments

FUNDING

Online Fee Platform OnFees Looking to Raise Fresh Funding

Cash may have been the most-prevalent payment mode for educational institutions traditionally, but a push for digital economy post-demonetisation is making them change too and this has prompted three young professionals to start OnFees an online fee platform. Having tasted big success in Mumbai region with 35 organisations including some chains of institutions, and over 70,000 students on board in a very short span of just about 3 months, OnFees is now looking to expand to other parts of the country and is in talks for the second round of funding. While the first round of funding came from HNIs, the startup is looking for funding from established private equity and venture capital firms in India and abroad, its Chief Marketing Officer Manisha Thakur told Pixr8. 30-year-old Manisha...

Ronnie Screwvala Launches Rs 100 Crore Online Education Scholarship Fund

24Apr By AdityaNo Comments

FUNDING, News

Ronnie Screwvala Launches Rs 100 Crore Online Education Scholarship Fund

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 currently not more than 30 million today are engaged in higher studies as a majority of them start working early in their career and so online learning or education is the real answer," Screwvala said in a statement here today. He said the scholarship fund is aimed at skilling motivated individuals in relevant areas and equip them with industry-relevant knowledge. The fund is been launched with an initial corpus of Rs 100 crore and Screwvala aims...

TCS partners social organisation for online teaching community

21Apr By Press Trust of IndiaNo Comments

BUSINESS

TCS partners social organisation for online teaching community

IT firm Tata Consultancy Services (TCS) today said it has partnered Jnana Prabodhini, a social organisation, to build the world's largest online community of teaching professionals. As part of the association, TCS iON (a unit of TCS) will work with Jnana Prabodhini to offer a platform to teachers for contributing and collaborating with peers and experts, a statement said. The community will also provide a range of certification courses and training programmes to help participants to enhance their skills and work towards academic and professional success.