Tag: EdTech

Beijing-based Legend Capital invests $10 Mn in India’s top Edutech company Vedantu

Edutech companies in India are gaining lot and lot of popularity these days and such companies has seen an unprecedented growth in the recent days.The organization is run by four friends from Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena (Co-Founder, Head Academics) and Anand Prakash (Co-Founder).

Edutech companies in India are gaining lot and lot of popularity these days and such companies has seen an unprecedented growth in the recent days. These companies have seen an upswing and witnessing unprecedented curiosity from enterprise
capitalists, hedge funds and strategic buyers.

BYJU’s, Unacademy, Doubtnut and Vedantu are few of top Edutech companies in India right now. Vedantu is an interactive online tutoring platform where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment named WAVE (Whiteboard Audio Video Environment), a technology built in-house.

It is said to operate on a marketplace model for teachers, where students can browse, discover and choose to learn from an online tutor of their choice.

The organization is run by four friends from Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena (Co-Founder, Head Academics) and Anand Prakash (Co-Founder). The firm has raised its first round of funding after six months of current operational format.

It has raised $5 million from Accel Partners and Tiger Global Management in its Series A funding Vedantu has raised $11 million in a Series B funding round led by Silicon Valley impact investment firm Omidyar Network and also contributed by its existing investor Accel Partners.

On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India by Tiger International. Beijing-based early and enlargement stage VC agency has invested $10 million (Rs 74 crore) whereas current investor Omidyar Community has joined the spherical with a funding of $3 million (Rs 22.17 crore).

Beijing-based Legend Capital manages greater than 450 portfolios and has $7 billion value property. It has turn into the third Chinese language investor in Vedantu.

5 EdTech start-ups in India you should know about

EduTech or EdTech is a form of teaching and learning that makes use of technology.

Educational technology, sometimes referred to as EduTech or EdTech is a form of teaching and learning that makes use of technology.

There are currently 3,500 edtech startups in India. Some of them are mentioned as follows:

Leverage Edu

It started off as a college admission platform. It helps students in their careers through mentorship products, end-to-end college admissions guidance, programmes to help get first-job ready, as well as one-to-one virtual career advisory for multiple career streams. It also helps students with exclusive scholarships, educational loans, help on housing, forex/VISA, and more, through multiple global partnerships.

NoPaperForms

It aims to fundamentally transform the admission process in the educational institutions in India and abroad.

It helps institutions to increase their outreach capabilities, enhance recruitment efforts, expand customer service offerings.

“One of the strategies is to deploy Application kiosk infrastructure in Institutions, banks & post offices to bring the next level of masses online. We strive to process 30-35 Mn applications by 2020,” said Suraj Sapra, the chief strategy officer at NoPaperForms.

Quizizz

Ankit Gupta and Deepak Joy Cheenath are the founders of Quizizz. It helps teachers turn homework and tests into self-paced games.

“Our mission is to motivate every learner. When we hear that a student initially struggled on a math assignment but then replayed it six or seven times because he/she wanted to improve, we know we’re on the right track”, said Ankit Gupta.



Smartivity

It caters to the education requirements of children aged between 3 to 14-year old and introduce them to core STEM fundamentals through plug and play. For instance, with its virtual reality product VRX, students studying in class 9 and 10 will be able to access virtual reality experiences designed to understand complex concepts in Physics, Chemistry and Biology.

Unacademy

Unacademy was initially launched as a YouTube Channel in 2010 by Gaurav Munjal.
As an online learning platform, it aims to empower educators to create courses on various subjects. It hosts more than two lakh lessons in more than 10 Indian languages.