Ken42, an integrated education platform that caters to evolving needs of institutions and students, bringing them the best of edtech, content, and affiliations, announced that it has raised a funding round of Rs 11 crore led by Turbostart, a national programme for early stage startups. Other investors that took part in the funding round include…
Riding on the new wave of increasing user base and sharp growth in business revenues, edtech startups are now raising new funds to improve their services and expand into newer markets. Recently, Ahmadabad based edtech startup Pedagogy has raised $400,000, led by Inflection Point Ventures (IPV). Founded by Archin Shah along with Abhilash Sonwane and…
The online learning platforms have lately been witnessing a massive surge in users due to the government imposed nationwide lockdown. Since the New Delhi called for a nationwide lockdown, physical learning taking place in classrooms of colleges, schools or coaching institutes have come to a halt. While schools are having a tough time to connect…
As the coronavirus pandemic has halted onsite learning at school, colleges and tuition, edtech platforms have been witnessing a surge in their user database. Taking into account the demand of these platforms, investors have been aggressively putting their bets on these platforms. Recently, Noida-based Classplus announced that it is set to go ahead with its…
Elearning platform Lido Learning recently announced that it has raised $3mn in Series B funding from Rocket Internet founder-backed Picus Capital and Paytm President Madhur Deora. This is the Mumbai-based startup’s second fundraiser within just one year of its inception. The edtech startup had earlier raised $3mn in Series A funding round in November last…
Edtech startup upGrad has recently announced that it has appointed Arjun Mohan as its India business Chief Executive Officer. Arjun Mohan will be the first occupant of the CEO-India chair for upGrad, as the position was vacant since the company’s inception. Talking about Mohan’s appointment, upGrad Co-founder and MD Mayank Kumar in an official statement…
Edtech platform Univariety recently announced it has raised $1.1mn (₹8Cr) from Info Edge. This is reportedly Info Edge’s second investment in the Hyderabad-based company in a span of two years This primary funding will be used by Univariety for business growth with a focus on product development, scaling up its alumni platform for schools and…
As the world is battling with the novel coronavirus, the education system has come to a halt. Due to the pandemic, which has now spread to about 161 countries, schools and educational institutions around the globe are forced to shut. The decision to close these places was taken by the health organizations to prevent the…
Bengaluru-based Edtech startup Oda Class recently announced that it has raised an undisclosed amount of investment in pre-Series A funding round. The funding round was led by a Chinese educational company, Yuanfudao. Interestingly, the founder of Yuanfudao is also a founding member of the Oda Class. As per an official company statement, Oda Class plans…
Edtech and gaming startup AvalonMeta Ventures Pvt. Ltd recently announced that it has raised $420,000 (approx ₹3Cr) in funding led by Preeplays, a blockchain-based gaming company. Other investors include Chicago-based venture capital firm Purvi Capital and Abhinav Chhikara, former Design Head of Unacademy. AvalonMeta was founded by Varun Mayya, Shashank Udupa, and Abhinav Arora in…
Noida-based ed-tech startup Genius Corner recently announced that it has raised $250,000 from Singapore-based individual investors including Mahesh Mohta, Jyoti Arora, Nachu Subramanian, and Srivats. The company plans to utilize these funds to on-board additional 30,000 students on the platform. Commenting on the startup’s business model, Singapore-based Investor Mahesh Mohta said, “Genius Corner has a…
Embibe, a Bengaluru-based edtech startup, announced that it has raised about Rs 89.91 crore from Reliance Industries. Reliance is the existing investor and shareholder in the edtech startup. Embibe was founded by Aditi Avasthi in 2012. Earlier, Reliance Industries had invested about $180 million in the startup over a period of three years. A part…