Media industry veteran and serial entrepreneur Ronnie Screwvala is planning to launch an online company focused on higher education, called U Education. The new venture will initiate with an investment of INR 100 Cr. that will focus only on higher education.
Unilazer Sports, a unit focusing on sports management is another venture that is being run by Screwvala independently.
Speaking about this new venture Screwvala said, “We are looking to disrupt this whole space and that will happen only when there is scale and size. The biggest challenge right now is the lack of credibility attached to online learning and also employment generation post degrees. We will look to address these.”
The venture will look into building affiliations with global universities and offer specialized courses, in addition to providing graduate and post-graduate degrees for many courses ranging across different branches of education, some involving management, law and engineering, entrepreneurship and sports, among others.
The company will focus primarily on content, interactivity, technology, assessment, adaptive learning, marketing and building a national footprint.
Mayank Kumar has joined U Education as a Managing Director. Kumar has a decade of experience in the education sector across India, China, Latin America, S E Asia, Middle East and Africa.
“Our goal will be to foster the next level of degree education/learning and train the next generation Indian workforce to take on the industries of the future,” he said.