Page 11 - Edtech

Vedantu bets on inorganic growth, acquires doubt-solving app Instasolv

Company open to other such deals in future, says co-founder

Sachin Tendulkar takes guard for new innings at edtech firm Unacademy

The investment will pave the way for Tendulkar to become a brand ambassador of Unacademy

Vedantu acquires doubt-solving platform Instasolv for an undisclosed amount

Ed-tech startup Vedantu on Monday said it has fully acquired Instasolv, a doubt-solving app for students of class 6 to 12 for science, mathematics, as well as for those of IITJEE and NEET. 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 democratise 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 doubt-solving space, where doubts are solved by quality teachers in a chat format. In 2020, Vedantu has delivered 75 million hours of classes across its platform and with 6.3

Start-ups in edtech, logistics, gig economy to drive jobs in 2021: Report

90% of companies surveyed say they will be hiring at the same pace as pre-Covid period

HDFC Bank invites applications from entrepreneurs for SmartUp grants

The bank will be focusing on start-ups in the education (edtech) and skill development sector this year for the grant

Edtech startup Newton School raises $5 million Series A round of financing

City-based ed-tech startup, Newton School, has raised USD five million Series A round of financing, led by RTP Global. The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkarts CEO Kalyan Krishnamoorthy, CREDs Kunal Shah, Freshworks Girish Mathrubootham, Udaans Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with a slew of angels also participated in the round, it said in a statement. The capital will be used for team expansion, scaling student intake and product development, it was stated.

Fate of budget private schools hangs in the balance as they wait to reopen

Hit by non-payment of fees, schools fear that many students will not return

Traditional education needs a rethink as Covid accelerates ed-tech adoption

Perhaps the most exciting opportunity for MBA programmes will be to craft a life-long experience for its students rather than one limited to one or two years

Talks with Byju's on, but could take several weeks: Aakash Educational MD

Talks for a partnership with Indian unicorn Byju's reflect several prescient moves by this second-generation promoter

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

Byju's in talks to buy Aakash Educational Services for $700 million

New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India

The edtech founder who wants students to discover their innate talent

Vedantu co-founder Saurabh Saxena wants students to look beyond classroom and harness their creative genius through his third edtech startup Uable

Covid-19 impact: Hybrid model to be the next chapter in edtech sector

2020 was in fact the most exciting year for edtech start-ups, which brought online education to the mainstream

Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic

Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems

E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom

Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months

Unacademy gears up to take on Byju's K-12 education, coding space

Flush with fresh funds, the Bengaluru-based company is planning to make acquisitions and pick strategic stakes in firms

Edtech startup upGrad buys recruitment firm Rekrut India

The amount was undisclosed

Edtech startup Classplus signs Sourav Ganguly as its brand ambassador

Edtech startup Classplus announced former Indian cricket captain, Sourav Ganguly as its brand ambassador and nationwide celebrity endorser

Kalpathi Group's ed-tech arm Veranda acquires Chennai Race for Rs 100 cr

New brand Veranda Race will initially offer online training programmes for Banking, Staff Selection Commission and TNPSC; also plans course content in 11 Indian languages by December 2021

Edtech firm Educational Initiatives looks to achieve steady growth

Unlike its rivals, the firm's approach has been to keep its head down and stick to the knitting.