Online education start-up Byju’s is in talks with new and existing investors to raise fresh funds of more than $150 million at a valuation of $1.8-2 billion, according to three people aware of the discussions. Byju’s...
Ed-tech firm Unacademy raises $21 million from Sequoia, SAIF, Nexus and others
Online education start-up Unacademy on Monday said it has raised $21 million in a series C funding round from Sequoia India, SAIF Partners, Nexus Venture Partners and other existing investors at a valuation of more than...
Govt to raise ₹1 trillion from market for funding education infrastructure
The Union cabinet on Wednesday allowed the human resource development (HRD) ministry to raise ₹1 trillion from the market for funding education research and infrastructure. The funds will be raised from a clutch of...
Edureka raises $2 million from Leo Capital India
Online education start-up Edureka has raised $2 million in its first round of funding from venture fund Leo Capital India as it seeks to achieve growth targets and bring senior leadership on board, the company said on...
RIL to acquire 73% stake in edu start-up Embibe, to pump $180 mn in 3 yrs
Reliance Industries Ltd (RIL) on Friday said it has entered into agreements to acquire close to 73 per cent stake in education technology provider Indiavidual Learning Private Ltd (Embibe) and will invest $180 million...
Final resolution plan for Educomp Solutions submitted to NCLT
The final resolution plan for debt-laden Educomp SolutionsBSE -4.97 % has been submitted to the National Company Law Tribunal (NCLT) which will hold a hearing on it next week, a source said. “The final plan has...
NTPC enters into MoU with IIM-A for Business School
India’s leading energy Maharatna, NTPCBSE 0.12 % has entered into a memorandum of understanding (MoU) with Indian Institute of Management Ahmedabad (IIM-A) for NTPC School of Business (NSB). The two have partnered...
Unacademy in talks to raise up to $35 million
Education content platform Unacademy is in talks with existing and new investors to raise $30-35 million, less than six months after it raised its previous funding round, three people familiar with the discussions said...
Zee Learn to acquire a controlling stake in MT Educare for Rs200 crore
Essel Group’s education unit Zee Learn on Thursday said that it is acquiring a controlling stake in MT Educare Ltd for Rs200 crore. In a stock exchange filing, Zee Learn said that it has signed a definitive agreement to...
Eduvanz Financing raises funds from Blinc Advisors
Eduvanz Financing Pvt. Ltd, an education technology start-up that provides loans for skill development to students, has raised $500,000 in a round of funding led by Blinc Advisors, a venture capital fund, a senior...
Ebix leads the race to buy Educomp with Rs 325-crore bankruptcy offer
Ebix Inc, a supplier of software and ecommerce services to the insurance, financial, e-governance and healthcare industries, has emerged as the frontrunner to acquire debt-laden digital education company EducompBSE 2.81...
Ebix, London-based investor in race to acquire Educomp Solutions
Ebix and a London-based investor are competing to buy debt-laden Educomp SolutionsBSE 4.92 % after they submitted binding offers for the company on Saturday, according to people briefed on the matter. Nasdaq-listed...
