Page 8 - Edtech
Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn
Some existing shareholders are also offloading about $200 million stake
 "Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn")
Edtech platform BlueLearn raises Rs 3.25 cr in pre-seed funding round
BlueLearn was founded earlier this year by Harish Uthayakumar and Shreyans Sancheti who are currently in their final year of electrical engineering at BITS Pilani
 "Edtech platform BlueLearn raises Rs 3.25 cr in pre-seed funding round")
Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn
Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million
 "Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn")
Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn
Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion
 "Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn")
Edtech firm upGrad becomes new unicorn at $1.2 billion valuation
The company raised fresh funds to tune of $185 mn from Temasek, IFC and IIFL
 "Edtech firm upGrad becomes new unicorn at $1.2 billion valuation")
WhiteHat Jr Founder Karan Bajaj moves on, Trupti Mukker new CEO
Karan Bajaj, Founder and CEO of leading online learning platform WhiteHat Jr, is moving on to kick off the next chapter in his life
 "WhiteHat Jr Founder Karan Bajaj moves on, Trupti Mukker new CEO")
Ed-tech giant Byju's eyes $1 billion revenue in US in three years
Byju's has quietly moved into other global markets such as the UK, Australia and New Zealand
 "Ed-tech giant Byju's eyes $1 billion revenue in US in three years")
New crop of niche edtech players help solve less obvious problems
Some use behavioural science and cognitive skills to help execs level up across crucial career cusps, others bank on AI-enabled counselling for students
 "New crop of niche edtech players help solve less obvious problems")
upGrad acquires global edtech firm KnowledgeHut for undisclosed sum
Edtech platform upGrad on Tuesday said it has acquired global firm KnowledgeHut for an undisclosed sum.
 "upGrad acquires global edtech firm KnowledgeHut for undisclosed sum")
Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar
Company say it has collaborated with over 800 industry experts for creating course content.
 "Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar")
Edtech start-up Skill-Lync raises $17.5 million in series A financing
Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. "Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries,
Edtech startup Unacademy gets $440 mn funding, valuation crosses $3.44 bn
Unacademy Group's valuation has grown almost ten times in 18 months, riding on demand for online training
 "Edtech startup Unacademy gets $440 mn funding, valuation crosses $3.44 bn")
Unacademy raises $440 million in fresh funding at $3.44 billion valuation
Over the last 18 months, the valuation of the Unacademy Group has risen almost 10X.
 "Unacademy raises $440 million in fresh funding at $3.44 billion valuation")
Edtech firms Byju's, Unacademy, upGrad to benefit as Chinese players tumble
Indian edtech companies have had a dream run, helped by the pandemic and education moving online
 "Edtech firms Byju's, Unacademy, upGrad to benefit as Chinese players tumble")
Byju's on an acquisition spree, buys Great Learning for $600 mn
The edtech decacorn has now spent over $2 billion for acquisitions over the last six months
 "Byju's on an acquisition spree, buys Great Learning for $600 mn")
upGrad to tackle next phase of evolution through three distinct pathways
upGrad recorded an annual run rate of $120 mn for the year ended March 2021
 "upGrad to tackle next phase of evolution through three distinct pathways")
SoftBank-backed Unacademy announces teacher stock options worth $40 mn
Unacademy competes with players such as Byju's, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes
Byju's enters higher education segment, acquires Great Learning for $600 mn
The sellers of Singapore-based Great Learning will receive certain payments based on its future performance, and Byju's will set aside a further $400 mn to boost the unit's growth
Byju's acquires US-based digital reading platform Epic for $500 mn
The acquisition will help Byju's expand its US footprint; firm seeks to become a natural part of America's learning culture
 "Byju's acquires US-based digital reading platform Epic for $500 mn")
Blackstone's $250 mn to make Simplilearn world's top digital skills co: CEO
The firm, which is already global, will use the funding to double down in its primary markets such as the US and India and expand in Europe and LatAm
 "Blackstone's $250 mn to make Simplilearn world's top digital skills co: CEO")
