Entrepreneur News Network

iNeuron acquires YouTube Influencer Hitesh Chaudhary’s Learn Code Online

iNeuron, India’s leading affordable technology education EdTech company, has acquired a 100 percent stake in YouTube Influencer Hitesh Chaudhary’s initiative ‘Learn Code Online.’ Hitesh Chaudhary has over 700,000 education subscribers on his channel, will also come on board as the Chief Technology Officer of iNeuron. LCO (Learn Code Online) will now be managed by iNeuron … Read more

‘Samsung Smart School’ Programme Launched At Navodaya Schools

At Jawahar Navodaya Vidyalaya (JNV) schools across the country, Samsung has launched its new flagship global citizenship programme, ‘Samsung Smart School.’  The Samsung Corporate Social Responsibility Program, which is part of Samsung’s ‘Together for Tomorrow! Enabling People’ vision, aims to develop tomorrow’s leaders by providing less-privileged students in India with access to the benefits of digital education and Samsung’s own transformative innovations. At its initial year, the programme is being tested in ten JNV schools.   In Varanasi, Gwalior, Raipur, Udaipur, Kangra, Sambalpur, Faridabad, Dehradun, Patna, and Dhanbad, Samsung Smart Schools have been established in JNV schools.  Many of these schools are found in rural areas surrounding major cities. Entreprenuer News Network Bureauentrepreneurnewsnetwork.com

Pernod Ricard India Foundation in partnership with the TISS Launches India’s 1st Academic-Corporate Fellowship Program for Transgender Persons

Pernod Ricard India Foundation today announced its partnership with the Tata Institute of Social Sciences (TISS), and the Collective Good Foundation (CGF) to launch India’s first Academic-Corporate Fellowship Program for the transgender community. This program will systemically enable transpersons from underserved communities across India to craft their career paths in the corporate world. With inequitable access to education and … Read more

Vedantu named in Nikhil Rungta as Chief Growth Officer

Nikhil Rungta has been appointed as Chief Growth Officer of Vedantu. Rungta will report directly to Vamsi Krishna, CEO and Co-Founder, and will be in charge of growing and driving growth across all business divisions. Brand, social, and digital marketing, strategic partnerships, public relations, and YouTube will all be part of his remit. Rungta will … Read more

Cuemath named Varun Jha as Chief Marketing Officer

Varun Jha has been named the new Chief Marketing Officer of Cuemath, a global math tuition platform. Jha will play a key part in Cuemath’s success by planning, developing, and implementing the brand’s strategic marketing strategy. He will also play a key role in the company’s global expansion. Jha is a consumer Internet industry veteran … Read more

upGrad Turns a Profit This Quarter; Crosses USD 300 Mn in Annual Revenue Run-Rate

South Asia’s largest & Asia’s leading higher EdTech major – upGrad, today reported turning a profit spurred by a 150% growth Y-o-Y in revenues and a stable 70% gross margin, across all its income streams. upGrad is now well-positioned as the most integrated Higher Edtech company in the world – spanning all aspects of LifeLongLearning … Read more

Byju’s raises $800 million,Founder Byju Raveendran Invests $400 Million

BYJU’S, the world’s leading edtech company with 150 million learners globally, today announced it has raised $800 million from Sumeru Ventures, Vitruvian Partners and BlackRock. Byju Raveendran, Founder & CEO of BYJU’S, is also part of the funding round and has made a personal investment of $400 million. Byju Raveendran, Founder & CEO, BYJU’S, said, “We continue to deliver accelerated … Read more

Edtech unicorn Emeritus raises $350M in debt financing

Emeritus, the global platform for making quality education accessible and affordable to individuals, businesses, and governments worldwide, has announced that it has secured $350 million in debt financing from Canada Pension Plan Investment Board (CPPIB Investments) via its subsidiary CPPIB Credit Investments Inc. According to an official release, the additional cash would be used to … Read more

Scaler acquires online learning platform AppliedRoots for USD 50 Million

Scaler (by InterviewBit), one of the fastest-growing tech upskilling startups, has announced the acquisition of the online learning platform AppliedRoots for 50 million USD to strengthen its Data Science, AI and ML offering. This is the third acquisition for Scaler. Last year (2021), they acquired Coding Minutes and Coding Elements to accelerate the growth of their business. Bootstrapped by a team of six – Srikanth Varma Chekuri, … Read more

Ed-tech Start-up Bhanzu Raises $2mn Usd In Seed Round Led By Lightspeed

Indian Math EdTech start-up Bhanzu, founded by Neelakantha Bhanu Prakash who broke Shakuntala Devi’s record to become the ‘World’s fastest human calculator’, has raised $2 million USD in seed funding. Bhanzu is a math-learning platform with a meticulously designed curriculum that helps students become 4x quicker and better at math by nurturing their cognitive abilities and … Read more

Simplilearn Collaborates With Wharton Executive Education To Provide Program On Ai For Business

Simplilearn, a global digital skills training provider (together with its affiliates and subsidiaries), announced its collaboration with the Aresty Institute of Executive Education of the Wharton School, University of Pennsylvania, to launch a first-of-its-kind program, AI for Business. The course, revolving around the emerging technology of artificial intelligence, will have a duration of four to six weeks. … Read more

Edtech Leap Scholar to invest $20m in Middle East

South Asia’s largest study abroad platform, Leap Scholar, has announced its entry into the Middle East. Over the following year, the company will invest $20 million in the Middle East to build a workforce to handle students’ end-to-end study abroad needs. Students from Saudi Arabia, the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Israel, and … Read more

Classplus named Sankalp Aggarwal as CFO

Sankalp Aggarwal has been chosen as the new CFO at Classplus, a mobile platform for educators and content creators to build their online teaching enterprises. This is part of an effort to improve the management team at Classplus. Aggarwal was previously the Head of Finance at Gaana, a music streaming business, and has been hired … Read more

Teenager FinTech Startup Fyp Acquires Edunify

As part of its development aspirations, Fyp, a Gurugram-based neobank for minors, has acquired EdTech startup Edunify. The financial terms of the purchase were not disclosed by the corporation. Edunify, which launched in 2018, is a pan-India school discovery platform with 1.2 lakh schools in 725 cities, assisting parents in finding, shortlisting, and applying to … Read more

upGrad named Dr. Sanjay Kumar to build its Corporate Affairs & Public Policy vertical

upGrad, Asia’s higher edtech major, today announced the appointment of Dr. Sanjay Kumar who will spearhead the company’s new vertical of Corporate Affairs and Public Policy for India. As part of his new role, Sanjay will work with the government, industry associations and other relevant stakeholders in the policy space for propelling strategic developments, which in turn, can … Read more

Education Planning Company, Edufund Raises A USD 1 Mn Seed Round

EduFund, the first company in India to cover a child’s higher education journey from savings (in rupees and dollars) through immigration, announced today that it has raised a $1 million seed round. The money will be utilised to augment product offerings and grow market presence, led by Anchorage Capital Partners, with additional investments from ViewTrade … Read more

edustoke Secures Rs 3 Cr Seed Funding From Indus Initiatives

edustoke is India’s largest online preschool to K-12 platform, bridging parents’ needs for information and expert assistance on educational options. Indus Initiatives has provided the firm with INR 3 crore in startup finance for the brand. edustoke, founded in 2017 by Mr Pawas Tyagi and Mr Rohit Malik, is the pioneer in structured school search … Read more

Edtech firm LEAD enters unicorn club with $100 mn funding

LEAD, a school edtech platform, announced on Thursday that it has raised $100 million in a Series E fundraising round led by WestBridge Capital and GSV Ventures at a unicorn value. The company, launched in 2012 by Sumeet Yashpal Mehta and Smita Deorah, is banking on a boom in demand for online education as a … Read more

Vedantu named Pankaj Jain as Chief Financial Officer

Vedantu, a pioneer in LIVE online learning, today announced the appointment of Pankaj Jain as Chief Financial Officer. In his new role, Pankaj will orchestrate and execute Vedantu’s business finance in order to take the company to new heights. At Vedantu, his key responsibility will be to build and manage a diverse team while ensuring … Read more

Leverage Announces Foray Into Financial Services, Launches Remittances, Education Loan

Leverage, the study abroad platform that owns LeverageEdu.com, UniValley.com, and UniConnect, among other sites, announced its move into financial services today. The company will offer three services as part of this: overseas remittances, education loans, and international bank accounts. Rachit Juneja, who formerly worked with Constellation Blu (a Blue Ventures partner firm) and KPMG’s Financial … Read more