Edtech

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

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

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

Bengaluru-based upskilling platform Scaler Academy (formerly InterviewBit) has…
30th August, 2021
byju
News

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

Edtech major BYJU’S on Thursday (August 26) announced the launch of a…
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.
News

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

With so many Indian tech startups filing their draft red herring prospectus…
25th August, 2021
Data Analytics Startup Lumiq Raises Funds From Info Edge Ventures, Redstart Labs
News

Data Analytics Startup Lumiq Raises Funds From Info Edge Ventures, Red...

Data and analytics firm Lumiq, which empowers financial enterprises to make data-driven…
25th August, 2021
Coatue Leads $100 Mn Funding Round In Edtech Startup Vedantu
News

Vedantu Expected To Enter Unicorn Club With Potential $100 Mn Funding

Bengaluru-based online tutoring startup Vedantu is in advanced talks to raise $100…
23rd August, 2021
Edtech Startup Expertrons Raises Funds from Venture Catalyst, Leads Angels and Others
News

Edtech Startup Expertrons Raises Funds from Venture Catalyst, Leads An...

Edtech startup Expertrons has raised $2.3 Mn in Pre Series A funding…
17th August, 2021
Gurugram based B2B marketplace Yojak has raised $3.8 Mn in a pre-series A round led by Info Edge Ventures.
News

Info Edge Ventures Backs B2B Marketplace Yojak

Gurugram based B2B marketplace Yojak has raised $3.8 Mn in a pre-series…
17th August, 2021
Info Edge’s Consolidated Profit Rises 66% To INR 155.3 Cr In Q1 FY22 QoQ
News

Info Edge’s Consolidated Profit Rises 66% To INR 155.3 Cr In Q1 FY22 Q...

Noida-based Info Edge has reported a consolidated net profit of INR 155.3…
16th August, 2021
‘We Were Rejected By 20 Investors In 2015’: Ashwin Dhamera Of Recently-Minted Edtech Unicorn Eruditus
In-Depth

‘We Were Rejected By 20 Investors In 2015’, Says Co-Founder Of Recentl...

Like many other edtech companies, Eruditus too started its journey offline. Founded…
14th August, 2021
Decoding Chinese Whispers: Lessons to draw from China’s recent crackdown on EdTech companies
Resources

Decoding Chinese Whispers: Lessons To Draw From China’s Recent Crackdo...

On July 24, to paraphrase a popular internet meme, China woke up…
14th August, 2021
Zeta’s Bhavin Turakhia & Dragoneer Invest $10 Mn in Unacademy’s Series H Round
News

Zeta’s Bhavin Turakhia & Dragoneer Invest $10 Mn in Unacademy’s Series...

Bengaluru-based edtech unicorn Unacademy saw Zeta cofounder Bhavin Turakhia and Dragoneer Investment…
13th August, 2021
Robotics Startup Miko Raises $28 Mn In Series B Round led by IIFL AMC
News

Robotics Startup Miko Raises $28 Mn In Series B Round led by IIFL AMC

Robotics startup Miko has announced that it has raised $28 Mn in…
12th August, 2021

Stories that matter in Indian tech, in your inbox!

My inc42

Your Personalised Access To India's Tech & Startup Economy

Congratulations!

You've just followed your first industry and unlocked your personalised experience with My Inc42.

Remind Me Later

Follow popular Industry

You've just followed your first industry and unlocked your personalised experience with My Inc42.

AgriTech
Cleantech
Consumer Services
Ecommerce
Edtech
Electric Vehicles
Enterprise Tech
Fintech
Healthtech
Logistics
Retail
Startup Ecosystem
Travel Tech