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, 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
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
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
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, 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
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
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, 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
Campus 365 Edunet Pvt Ltd, a Bengaluru-based edtech business, announced on Thursday that it has raised Rs 2.15 crore in seed funding led by Bengaluru-based angel investors. Campus 365 claims to offer a SaaS (software-as-a-service) platform that unifies school curriculum, teaching methods, and vendor resources. It was founded in 2017 by Mayank Singh, Sandeep Verma, … Read more
myTutorHub, an online tutoring platform built by US-based Ed-Tech company, myTutorHub Inc., in the year 2021 envisions to empower teachers to utilize digital technologies to become global entrepreneurs by assisting teachers in setting up a hybrid classroom offering digital tools and necessary resources to extend their market globally. The start-up is modernizing the education sector by offering … Read more
India’s fast-growing Edtech platform Kohbee, which helps online educators manage their business end-to-end, has raised $235,000 in a pre-seed funding round led by a group of angel investors that included Ankit Mehrotra (CEO, Dineout), Saurabh Aggarwal (Founder, Fitso), Ah! Ventures, Fortunexus and others. Founded by IIT(BHU) alumni, Rohan Sinha and Shashwat Aditya, Kohbee makes it … Read more
Himanshu Bajaj has been named Head of Business at BYJU’S Learning Centre, the world’s biggest edtech startup and inventor of India’s most popular school learning app. Himanshu’s responsibilities will include overseeing the growth and extension of BYJU’S Learning Centre, as well as providing strategic business growth and thought leadership direction for the brand and company. … Read more
Dhurina, a rapidly growing e-learning platform, has acquired USD 1.2 million in a second round of funding led by RVCF and additional investors such as LetsVenture, RBD Publication, India Accelerator, Precision Startup Advisory, and Pai Ventures. The newly invested money will be used for technology advancements, aggressive business growth, company expansion, and expanding the product’s … 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
