Leap Scholar, an edtech business with operations in San Francisco, Bengaluru, and Singapore, revealed on Wednesday that it had raised $75 million (Rs 585 crore) in a Series D fundraising round that was primarily led by Owl Ventures. Along with previous investors Jungle Ventures and Sequoia Capital India, new investors Steadview Capital and Paramark Ventures … Read more
ADM Capital has invested $15 million in loan and equity for Bengaluru-based edtech firm iNurture. As part of the arrangement, iNurture’s current investor VenturEast will exit the company, and ADM Capital will take over its shares. The new funds will be used to expand iNurture’s National Education Policy 2020 (NEP) programmes, improve its technology stack, … Read more
Vedantu, the edtech behemoth, has laid off 200 people. This news comes nearly seven months after the Tiger Global-backed firm joined the unicorn club. With this statement, the Bengaluru-based company joins over a half-dozen other growth-stage startups that have lately let off a major portion of its personnel. While Vedantu claims it is part of … Read more
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
Teachmint, an education infrastructure startup and the creator of India’s largest teaching platform, today announced that it has acqui-hired the Indian arm of edtech startup Teachee. Helping educators and creators sell courses online, Teachee was launched in India in October 2020 by Vlight Technology Pte, a Singapore-based company. This comes at the heels of Teachmint’s acquisition of Teachmore, a course-selling platform which enables … Read more
S Chand, a New Delhi-based education content company, has decided to buy a minority position in iNeuron Intelligence Private Limited, a Bengaluru-based edtech startup. Mukesh Sharma Family Trust, S Chand Directors, S Chand Key Managerial Personnel, and others have also invested in the round. Mr. Mukesh Sharma, a co-investor, is a serial entrepreneur and educator … Read more
Inzpira, an AI-powered, on-demand live language learning and soft-skills training platform for adults and children, said that it had raised Rs 2.3 crore in seed funding. Inzpira, which was founded in 2020, is changing the way people learn English and soft skills with its AI-enabled platform, which allows users to study at their own pace … Read more
