Prosus drastically slashes the valuation of Edtech startup company Byju’s: a signal of challenges to reshape the landscape of startup valuations.

India-based edtech startup PrepInsta has announced plans to increase its workforce by 100%, with the aim of recruiting at least 50 employees by the end of July this year. The company currently has a total strength of 50 employees and with this scheduled hiring, the number is expected to double. With the fundamental motive to […]

India-based EdTech startup Scaler Academy has recently raised US$55 million in funding in its Series B round led by new investor Lightrock India along with participation from existing investors Tiger Global and Sequoia Capital India. The funding round takes the startup’s valuation at US$710 million. Abhimanyu Saxena, Co-Founder, Scaler & InterviewBit, said. “We were humbled […]

Indian EdTech startup LEAD has recently raised US$100 million funding in a Series E round led by GSV Ventures and private equity firm WestBridge Capital. The financing round has valued the company at US$1.1 billion thus making it the first school EdTech startup in the country to enter the unicorn category this year. LEAD plans […]

Education infrastructure startup Teachmint announced raising $78 million in its Series B funding round anchored by US-based venture capital firms Rocketship.vc and Vulcan Capital. New investors, Goodwater Capital and Epiq Capital, have also joined the company’s cap table. Existing investors Learn Capital, CM Ventures, Lightspeed India and Better Capital continue to double down in the […]

Tech upskilling startup Scaler (by InterviewBit) announced its recent acquisition of online learning platform Coding Minutes. The acquisition is seen as a move for Scaler to accelerate business growth, leading to their Data Science & Machine Learning vertical launch, according to the announcement. Scaler acquired Coding Minutes for $1 million in an all-cash deal. Abhimanyu […]

India’s teaching platform and education infrastructure provider, Teachmint has partnered with Malaysia’s EdTech firm Pandai for live classroom solutions to over 5 million students in Malaysia. This partnership deal has come as a part of Teachmint’s VaaS (Video-as-a-Service) offering for EdTech firms globally to empower them with Teachmint’s state of art plug-and-play live class technology. […]

Unacademy Group subsidiary Relevel has raised $20 million within just four months of its launch on the back of strong traction witnessed in user growth, hiring company partnerships, and placement rate. The fresh capital, which came from its parent company, will be used to scale up the Relevel team, strengthen the platform, and expand the […]

India-based online learning platform Vedantu has recently announced that it has secured $100 million in a Series E round led by ABC World Asia- a Singapore-based impact investing fund. It is the fifth EdTech startup in the country to enter the unicorn category, which reflects the growing investor interest in this segment. The funding round […]

Skill-Lync, India’s largest engineering-focused edtech startup, announced raising $17.5 million in its latest funding round, the largest Series A funding by an edtech startup in the country this year. The round was led by Iron Pillar, a venture growth investor that backs global tech companies from India, and participated by Y Combinator, Better Capital, and […]