Edtech platform Unacademy, backed by Facebook and Sequoia, on Tuesday said that it led a strategic investment of $5 million to acquire a majority stake in Mastree, a leading K12 learning platform. This investment will...
Unacademy buys medical exam preparation start-up PrepLadder for $50 million
In a bid to further strengthen its inorganic growth, Facebook-backed edtech start-up Unacademy has acquired postgraduate medical entrance exam preparation platform PrepLadder for $50 million. This is the Bengaluru-based...
Edtech platform Classplus raises $9 mn in Series A round led by RTP Global
Business-to-business (B2B) edtech startup Classplus has raised $9 million in a Series A funding round, led by early stage tech investor RTP Global. Existing investors including Blume Ventures, Sequoia Capital India’s...
Edtech startup Pariksha raises funding from INSEAD Angels, others
Pune-based edtech startup Pariksha has raised funds in an extension of its pre-Series A round of funding, from a group angel investors, it said Monday. The company did not disclose the amount raised. This round was led...
Edtech startup upGrad earmarks Rs50 crore for acquisitions in FY21
Capitalizing on the surge in online learning, edtech startup upGrad has earmarked around Rs50 crore to acquire three education companies in the segments of online degrees, post graduation and higher education space at...
Unacademy acquires GATE, ESE prep platform Kreatryx
Education technology company Unacademy has acquired Kreatryx, an online preparation platform for GATE and the Engineering Services Exam (ESE), in a cash and stock deal. Founded by Ankit Goyal in 2014, Kreatryx offers...
College textbook merger raises ‘serious concern’ among U.S. lawmakers
Two U.S. lawmakers expressed serious concern on Tuesday about the effect of a planned merger of college textbook publishers Cengage Learning Holdings II and McGraw-Hill Education Inc, saying the deal would create a new...
Udemy raises $50 million at a valuation of $2 billion
Udemy, an online marketplace for learning and teaching online, announced on Thursday that it has raised $50 million from the company’s long-time partner in Japan, Benesse Holdings, Inc., at a valuation of $2 billion...
Facebook, General Atlantic lead $110 mn round in Unacademy
Education technology startup Unacademy has raised a $110-million Series E round from new investors Facebook and General Atlantic, besides Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures...
Edtech startup PlanetSpark raises Rs 3.2 crore pre-Series A funding from IAN, FIITJEE
Gurugram-based educational technology startup, PlanetSpark, has raised a follow-on pre-Series A round of Rs 3.2 crore from Indian Angel Network, Lead Angels and Hyderabad Angels. Existing seed investor and one of...
Education First in exclusive talks to sell China business to Permira: sources
Swiss language tutor Education First (EF) has entered exclusive talks with global private equity firm Permira to sell its China operations, in a deal valuing the business at $1.6 billion, said two people with direct...
GGV Capital invests in Vedantu
Interactive online tutoring platform Vedantu on Thursday said it has raised $24 million as part of a Series C extension round. The funding round was led by global venture capital firm GGV Capital with participation from...
