Edtech unicorn Byju’s is in advanced talks to acquire smaller rival Toppr for $150-160 million, two people familiar with the development said, as consolidation continues in India’s booming online learning sector. Both...
Tiger Global, others buy $50 million shares in Unacademy in secondary transition
Edtech platform Unacademy said it has concluded a new secondary transaction round in which investors Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic have increased their stake in the...
Byju’s in talks to buy Aakash Educational Services for $700 million
Edtech decacorn Byju’s is in talks to acquire exam preparation firm Aakash Educational Services Limited for about $700 million-$750 million, according to the sources. “But the conversations are very early. Even the term...
EdTech platform Kyt raises $5 million in Series A funding round
Educational technology platform Kyt on Wednesday raised $5 million in a Series A funding round. The investment is led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. Sequoia Capital...
Unacademy buys test prep platform NeoStencil to expand small-town presence
Betting on inorganic growth, Facebook-backed edtech unicorn Unacademy has acquired test preparation platform NeoStencil to increase its footprint in Tier II and III cities. In 2020, Unacademy has acquired Kreatryx, and...
Veranda Learning acquires coaching institute Chennai Race for Rs.100 crore
Veranda Learning Solution, a newly formed education technology startup from the Kalpathi Group Monday acquired Tamil Nadu based test-prep institute ‘Chennai Race’ for Rs.100 crore. “The transaction, valued at over INR...
Unacademy raises fresh funds at $2 bn valuation
Edtech unicorn Unacademy on Wednesday said it has raised funds from US-based Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion. The company did not disclose the funding amount, but a...
upGrad buys The Gate Academy, to invest Rs 100 crore in test preparation business
Education technology startup upGrad has acquired The Gate Academy for an undisclosed sum. The move is in line with its plans to enter the fast-growing higher education test preparation market in India. Bengaluru-based...
Byju’s to raise $200 million from BlackRock, T. Rowe
Online education startup Byju’s is close to raising $200 million in a fresh funding round from US investment firms BlackRock and T. Rowe Price at a valuation of $12 billion, said a person familiar with the matter. The...
NSE Academy acquires majority stake in TalentSprint
NSE Academy on Tuesday announced the acquisition of majority stake in deep tech education firm TalentSprint. NSE Academy is wholly-owned subsidiary of National Stock Exchange Ltd. Financial details of the deal were not...
English learning platform Freadom raises $2.5 mn, to help more students read
Edtech startup Stones2Milestones has raised $2.5 million in a bridge funding round. The round was led by US-based Unreasonable Capital and its LP Goldhirsh Foundation. A leading investment banker from Singapore, along...
Knowledgehook raises £13.5m in Series A to expand globally
Maths learning platform Knowledgehook has raised £13.5m Series A equity funding, led by a UK-based EdTech investment fund with participation from Mesoamerica’s Alexandria Corp., Nelson Education, Ideal Ventures, and...
