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Accenture Acquired Udacity, Launched Accenture LearnVantage Platform

7Mar By AdityaNo Comments

ACQUISITION, News

Accenture Acquired Udacity, Launched Accenture LearnVantage Platform

MOUNTAIN VIEW, California; March 7, 2024 – IT MNC Accenture acquired Udacity, a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. Terms of the transaction were not disclosed. Udacity’s team of more than 230 professionals will join newly launched edtech platform Accenture LearnVantage, which provides Accenture’s clients with comprehensive technology learning and training services that will help them reskill and upskill their people in technology, data and AI to reinvent their organizations and achieve greater business value. The company will invest $1 billion in Accenture LearnVantage over three years. According to Accenture research, bus...

Why Learning a New Language is a Phenomenal Idea Nowadays

27Jun By AdityaNo Comments

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...

Online Learning Platform Coursera files for IPO

8Mar By AnkitaNo Comments

Market

Online Learning Platform Coursera files for IPO

MOUNTAIN VIEW, Calif., 8th March 2021-- Online learning platform Coursera has filed for an IPO with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Coursera has applied to list its common stock on the New York Stock Exchange under the ticker symbol “COUR”. Morgan Stanley and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. As per the IPO filing, Coursera 51 percent revenue came from outside the US. The online learning platform reported a 59 percent revenue increase in 2020 that came from over 77 million registered users. More than 2,000 businesses (including 25 pe...

Vedantu acquires doubt-solving platform Instasolv

22Feb By AnkitaNo Comments

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...

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

19Nov By AdityaNo Comments

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...

Udemy for Business Surpasses $100 Million Annual Recurring Revenue Milestone

31Oct By AdityaNo Comments

News

Udemy for Business Surpasses $100 Million Annual Recurring Revenue Milestone

SAN FRANCISCO, 31st Oct 2020-- Global platform for online learning Udemy's corporate learning solution, Udemy for Business scaled from $1 million to $100 million annual recurring revenue (ARR) in just five years. On Udemy more than 57,000 instructors teach over 130,000 courses in over 65 languages. Udemy for Business curates 7,000 of the highest-rated courses from the marketplace covering the most in-demand professional skills that employees need to become better subject-matter experts, leaders, and collaborators. “We’ve entered an era of continuous change, and companies and individuals need continuous learning to thrive,” said Stephanie Stapleton, Vice President of Customer Success at Udemy. “The pandemic has only accelerated the global movement toward online learning. We’re thrill...

10Aug By PriyankaNo Comments

FUNDING

Skillshare Raises $66 Million in Funding from OMERS Growth Equity

NEW YORK, Aug. 10, 2020-- Skillshare the world's largest online learning community for creativity raises $66 million in funding led by OMERS Growth Equity. With more than 12 million registered members, 8,000 teachers, and over 30,000 video-based classes in a wide range of creative disciplines from graphic design to photography to painting and illustration to interior design, Skillshare has experienced a year of unprecedented growth. Till date, Skillshare has raised $42 million in capital from Union Square Ventures, Amasia, Burda Principal Investments, and Spero Ventures, who all participated in this round. Skillshare's funding comes on the heels of a brand pivot in early 2020 to focus on the creative community. With roughly 75 percent of Americans participating in a creative ho...

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

15Jun By Press Trust of IndiaNo Comments

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...

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 m...

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. "Af...

11Mar By NitishNo Comments

ACQUISITION

IXL Learning Acquires Vocabulary.com

SAN MATEO, Calif., March 10, 2020-- IXL Learning, the K-12 personalized learning platform used by 8 million students, announced the acquisition of Vocabulary.com, the leading educational destination for improving literacy through vocabulary building. Founded in 2010, Vocabulary.com provides students with a dynamic and personalized environment to grow their vocabulary. With a library of over 15,000 words, Vocabulary.com makes learning and discovering new words fun with entertaining definitions and real-world examples sourced from literature and journalism. Adaptive, individualized and interactive, the platform seamlessly integrates with any school curriculum, helping students master key words contained in their textbooks and other lesson materials. "Vocabulary.com is one of the most ...

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 Ravee...