Edtech

Edtech – Latest news, funding & startup financials, governments policies, sector landscape of Edtech in India

Edtech Giant BYJU’s Set To File For Its IPO In Next 8-10 Months

Edtech Giant BYJU’s Set To File For Its IPO In Next 8-10 Months

Edtech giant BYJU’s all set to go for its initial public offering…

Debarghya S. 9th September, 2021

EdTech Startup Leap Raises $55 Mn Led By Owl Ventures, to Help More Indians Study Abroad

EdTech Startup Leap Raises $55 Mn Led By Owl Ventures, To Help More In...

Until a decade ago, there were not more…

Anvita P. 8th September, 2021

Teachmint Spent INR 27 To Earn Every Rupee In FY23

CollegeDekho Raises $26.5 Mn, Plans Entry Into Student Accommodation

Gurugram-based higher education platform CollegeDekho has announced that…

Laxitha M. 8th September, 2021

Edtech Decacorn BYJU’s Picks $1.2 Bn As Term Loan B Funding Round

BYJU’s Raises $150 Mn Led By Asmaan Ventures, Takes Valuation To Over ...

IPO-bound BYJU’s, which marked its eighth acquisition of…

Nishant A. 8th September, 2021

BYJU’S-Owned GradeUp Mints Profits, But There’s A Catch & Auditors Have Concerns

BYJU’s Marks Its 8th Acquisition Of 2021, Adds Online Exam Prep Startu...

India’s highest-valued startup and edtech giant BYJU’s has…

Laxitha M. 7th September, 2021

Unacademy Elevates CMO Karan Shroff To Cofounder-Like Partner Position

Unacademy Elevates CMO Karan Shroff To Cofounder-Like ‘Partner’ Positi...

Unacademy Group CEO Gaurav Munjal said that the partner position is akin to being...

Team Inc42 7th September, 2021

Unacademy’s Gaurav Munjal Bats For Traction Market Fit Besides Product Market Fit To Achieve Success

Months After Announcing TSOPs, Unacademy Announces Third ESOPs Buyback...

Bengaluru-based edtech platform Unacademy on Saturday (September 04)…

Laxitha M. 4th September, 2021

[The Outline By Inc42 Plus] Edtech’s Digital Divide

[The Outline By Inc42 Plus] India’s Teachers Brace For Edtech’s Hybrid...

As India gets ready to celebrate educators on Teachers' Day 2021, we look into...

Nikhil S. 4th September, 2021

[What The Financials] BYJU’s Expenses Jumps Over 80% In FY20, Ad Spends Weigh In

[What The Financials] BYJU’s Expenses Jumps Over 80% In FY20, Ad Spen...

Edtech major BYJU’S reported a net profit of…

Romita M. 3rd September, 2021

Scaler Academy Acquires Coding Elements For $1 Mn; Eyes International Expansion In 2022

Scaler Academy Acquires Coding Elements For $1 Mn; Eyes International ...

Bengaluru-based upskilling platform Scaler Academy (formerly InterviewBit) has…

Laxitha M. 30th August, 2021

byju

With 6.5 Mn Paying Users, BYJU’S Banks On Two-Teacher Model To Bolster...

Edtech major BYJU’S on Thursday (August 26) announced…

Deepsekhar C. 26th August, 2021

With so many Indian tech startups filing their draft red herring prospectus (DRHP) in a bid to go for IPO, it seems edtech giant BYJU’s could follow suit by next year. Top investment banks are pushing the country’s first edtech unicorn BYJU’s to go public sometime next year. As per a Tech Crunch report, top investment banks have proposed a valuation of around $40 Bn to $45 Bn for BYJU’s if it lists on the stock exchange next year. Morgan Stanley, an American multinational investment bank has even valued Byju Raveendran led edtech decacron at $50 Bn. The said valuation is almost twice then what Vijay Shekhar Sharma-led Paytm is expected to touch even after its record INR 16,000 Cr IPO which is expected in November this year. BYJU’s is also looking to raise $500 Mn in a debt round through the Term Loan B route from global investors. The deal is still at an early stage and the edtech startup is working with Morgan Stanley as per Money Control. Hospitality giant OYO was earlier last month has raised $660 Mn in term loan funding. However, as of now, the Bengaluru-based startup has not put a timeline on its IPO. BYJU’s has been on acquisition spree to increase its product portfolio and further consolidate its presence in the market. The edtech startup after acquiring WhiteHat Jr for a record deal of $300 Mn, broke its own record after it acquired higher competition coaching institute Aakash for $1 Bn earlier this year. BYJU’s acquired Zishaan Hayath led Toppr for $150 Mn and Gurugram-based upskilling platform Great Learning for $600 Mn. BYJU’s has even made acquisitions overseas. It acquired US-based language learning app Epic for $500 Mn. The startup’s latest acquisition was Bengaluru based computer vision and augmented reality (AR) startup Whodat. This was fifth major acquisition for the edtech giant this year, Founded by Byju Raveendran and his wife Divya Gokulnath in 2011, BYJU’S claims to have 100 Mn students on its platform. The edtech giant has over 6.5Mn annual paid subscription and an annual renewal rate of 86% with its personalised learning programs. BYJU’S raised $50 Mn in its Series F round in July led by IIFL’s private equity fund and Maitri Edtech. BYJU’s is the highest valued startup in India with a valuation of $16.5 Bn and enjoys the support of investors such as General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake, Tiger Global, among others.

Top Investment Bankers Chase BYJU’s For IPO, Pegs Valuation At Over $5...

With so many Indian tech startups filing their…

Debarghya S. 25th August, 2021

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