Posts filtered by tags: Asia[x]


UBS investment makes Byju’s the most valuable startup in India

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others that valued the Bangalore-based firm at $16.5 billion (post-money). In a new filing, Byju’s revealed that scores of investors including Abu Dhabi government fund ADQ and Phoenix Rising had together invested about $350 million in the startup. The new valuation helps Byju’s surpass Paytm, which was last va...
Tags: Asia, Education, India, Funding, Tech, Ubs, Abu Dhabi, Bangalore, Paytm, UBS Group, Byju, Phoenix Rising, B Capital Group, Byju's, Eric Yuan Blackstone

Reseda Charter High seniors celebrate graduation with in-person ceremony

Gerald Boatwright wears a picture of his sister Asia who died in a car crash this year during Reseda Charter High School’s graduation on Tuesday evening, June 10, 2021. (Photo by Sarah Reingewirtz, Los Angeles Daily News/SCNG) Reseda Charter High School graduates over 300 students on Tuesday evening, June 10, 2021 on the Reseda school’s Schaeffer Field. (Photo by Sarah Reingewirtz, Los Angeles Daily News/SCNG) Brayan Mozqueda, 18, turns his tassel with his graduating class at Reseda Charter...
Tags: Asia, Education, Sport, Park, Soccer, Graduation, UC Davis, Local News, National Anthem, Columbia, Ucla, San Fernando Valley, Victory Boulevard, Los Angeles Daily News, Reseda, Granada Hills Charter High School

Tiger Global in talks to invest in Classplus at over $250 million valuation

Tiger Global is in talks to lead a $30 million round in Indian edtech startup Classplus, according to sources familiar with the matter. The new round, which includes both primary investment and secondary transactions, values the five-year-old Indian startup at over $250 million, two sources told TechCrunch. The new round follows another ~$30 million investment that was led by GSV recently, one of the sources said. The round hasn’t closed, so terms may change. Classplus — which has built a Shop...
Tags: Apps, Asia, Education, India, Funding, Tech, Tiger Global, Blume, AWI, Sourav Ganguly, GSV, Falcon Edge, RTP Global, Classplus, Mukul Rustagi, Rustagi

Indian online teaching platform Teachmint raises $16.5 million

An Indian startup that began its life after the global pandemic broke last year said on Tuesday it has concluded its third financing round as it enables hundreds of thousands of teachers in the world’s second largest internet market run classes online and serve their students. Bangalore-based Teachmint said today it has raised $16.5 million in its Series A financing round. The round was led by Learn Capital, the San Francisco Bay Area-headquartered venture capital firm that focuses on edtech fir...
Tags: Google, Apps, Asia, Education, India, Funding, Tech, Bangalore, San Francisco Bay Area, Gupta, Better Capital, Learn Capital, Lightspeed India Partners, Vinit Sukhija Partner, Teachmint, Brainly Better Capital

Watch 400+ Documentaries from German Broadcaster Deutsche Welle: Art Forgery, Fashion Photography, the Mona Lisa, and More

You’re certainly familiar with Nouvelle Vague, the “French new wave” that shook up world cinema in the mid-2oth century. You’ve probably also heard of Hallyu, the “Korean wave” of pop music and television dramas (and, increasingly, films) now crashing across not just Asia but the West. As for Deutsche Welle, literally the “German wave,” you may know the term better in its abbreviated form: DW, the brand of Germany’s public international broadcaster. Here on Open Culture we’ve previously ...
Tags: Art, Facebook, Asia, Europe, Photography, Television, College, Germany, Berlin, Africa, West, United States, Seoul, Roma, Turkmenistan, Goethe Institut

India’s LEAD School raises $30 million to reach more students

An Indian startup that is helping to better serve students from middle and low-income groups of families said on Monday it has raised $30 million in a new financing round as it looks to scale its efforts in the world’s second most populous nation. GSV Ventures and WestBridge led the Series D financing round of the Indian startup, which has raised over $69 million to date. , founded by couple Sumeet Mehta and Smita Deorah in 2012, has developed an integrated system to help K-12 schools with th...
Tags: Asia, Education, India, Funding, US, Tech, New Delhi, Mehta, Deborah Quazzo, GSV, Westbridge, Lead School, GSV Ventures, Sumeet Mehta, Smita Deorah, Deorah

Indonesian edtech CoLearn gets $10M Series A led by Alpha Wave Incubation and GSV Ventures

A Zoom screenshot with CoLearn’s founding team: Marc Irawan, Abhay Saboo and Sandeep Devaram Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. The team sensed that remote learning would permanently change how students want to be tutored and decided to focus completely on its app, which launched in August 2020. CoLearn has since been downloaded more than 3.5 million time...
Tags: Fundings & Exits, Startups, TC, Asia, Education, Indonesia, China, Southeast Asia, India, Tech, Edtech, Online Learning, Jakarta, Zuoyebang, Organisation for Economic Co, Pisa

Indian edtech giant Byju’s to expand to international markets

Byju’s said on Thursday it will expand to international markets in the second half of next month as the Indian edtech giant, valued at over $13 billion, looks to accelerate its growth. The Indian edtech giant, which acquired 33-year-old tutor Aakash for nearly $1 billion earlier this week, plans to launch in the U.S., UK, Brazil, Indonesia and Mexico next month and explore other geographies later this year, it told employees in an email today. The startup’s international business will be oversee...
Tags: Apps, Asia, Education, Mexico, India, Tech, Brazil, Byju, Byju's, Whitehat Jr, Karan Bajaj, UK Brazil Indonesia

Byju’s acquires Indian tutor Aakash for nearly $1 billion

Why did Byju’s raise over $1 billion last year and is already inching closer to securing another half a billion dollars? We are getting some answers today. Byju’s said on Monday it has acquired Aakash Educational, a 33-year-old chain of physical coaching centres, as the Indian online learning giant looks to further consolidate its leadership position in the world’s second largest internet market. The Indian startup paid “close to $1 billion” in cash and equity for the acquisition, which is one o...
Tags: Fundings & Exits, Asia, Education, California, India, Tech, Bloomberg, Blackstone, TechCrunch, Blume Ventures, Osmo, Blume, Aakash, Deborah Quazzo, Byju, Byju Raveendran

Indian edtech giant Byju’s in talks to raise over $600 million at $15 billion valuation

Indian edtech giant Byju’s, which raised about a billion dollars last year as the pandemic accelerated growth of online learning services in India, is about to kickoff its fundraising spree for this year. Byju’s is in talks to raise over $600 million in a new financing round that would value the Indian startup at $15 billion, up from $11 billion late last year, and $5.75 billion in July 2019, two people familiar with the matter told TechCrunch. Byju Raveendran, the co-founder and chief executive...
Tags: Asia, Education, India, Funding, Tech, Blume Ventures, Deborah Quazzo, Byju, Byju's, Unacademy, GSV Ventures

A Finnish Astrophotographer Spent 12 Years Creating a 1.7 Gigapixel Panoramic Photo of the Entire Milky Way

In the final, climactic scene of Japanese novelist Yasunari Kawabata’s Snow Country, the Milky Way engulfs the protagonist — an aesthete who keeps himself detached from the world, a universal perspective overtaking an insignificant individual. We now know the Milky Way itself to be a minuscule part of the whole, just one of 100 to 200 billion galaxies. But until Edwin Hubble’s observations in 1924, it was thought to contain all the stars in existence. The Milky Way-as-universe is a powerful im...
Tags: Google, Facebook, Asia, Photography, Astronomy, College, Nasa, Facebook Twitter, Cygnus, Josh Jones, Hera, Kottke, PetaPixel, Edwin Hubble, Durham NC Follow, Michael Zhang

Leap raises $17 million to help Indian students study abroad

Hundreds of thousands of teenagers and young adults get on flights each year from India to a foreign land to pursue higher education. Upon landing, they face a myriad of challenges: They don’t have a local credit history, so they can’t avail a range of financial services including a loan or a credit card — at least not without paying a premium for it. For banks and other financial institutions, there is an increased risk when they engage with foreigners, so they charge more. An Indian student st...
Tags: Google, Facebook, Apps, Asia, Education, Finance, Singapore, India, Funding, San Francisco, Tech, Bangalore, Jungle Ventures, Kumar, Leap, Owl Ventures

Pandemic forcing girls in south-east Asia and Pacific out of school and into marriage – study

Female children are seen as an economic burden, and tough times are setting back progress by a generation, gender equality charity saysThousands of adolescent girls across south-east Asia and the Pacific are being forced to leave school and get married instead as a result of the coronavirus pandemic, a charity has warned, saying “a generation of girls could be lost”.A new report by Plan International Australia highlighted the importance of secondary education for girls, and detailed the increase...
Tags: Asia, Education, Australia, Society, World news, Asia Pacific, Pacific, Child marriage, Pacific Islands, Coronavirus

Haruki Murakami Has Created New T-Shirts Featuring Words & Imagery from Norwegian Wood, 1Q84 and More

Haruki Murakami is a novelist, but for some time his name has been no less a global brand than, say, Uniqlo’s. Though both the man and the clothing company happen to have come into existence in Japan in 1949, this comparison goes beyond mere nationality. In their homeland, both Uniqlo and Murakami came into their own in the 1980s, the decade when the former opened its first casual-wear shop and the latter published the name-making A Wild Sheep Chase and the cultural phenomenon that was Norwegia...
Tags: Google, Asia, Books, Fashion, Japan, College, Haruki Murakami, Seoul, Kafka, Uniqlo, The Beach Boys, Honolulu, Facebook Twitter, Murakami, Knopf, Colin Marshall

James Murdoch’s Lupa Systems leads $31 million investment in India’s Doubtnut

Doubtnut, an Indian startup that helps students learn and master concepts from math and science using short videos, has raised $31 million in a new financing round, months after it rejected an acquisition offer from India’s largest edtech firm Byju’s. The three-year-old Gurgaon-headquartered startup said SIG and James Murdoch’s Lupa Systems led the $31 million Series B funding round. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in the...
Tags: Apps, Asia, Education, India, Funding, Tech, James Murdoch, Edtech, Gurgaon, Murdoch, Sig, Lupa, Byju, Uday Shankar, Sequoia Capital India, Waterbridge Ventures

ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options

Based in Singapore, ErudiFi wants to help more students in Southeast Asia stay in school by giving them affordable financing options. The startup announced today it has raised a $5 million Series A, co-led by Monk’s Hill Ventures and Qualgro. ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. Co-founder and chief executive officer Naga Tan told TechCrunch that students in those countries have limited financing options, and often rely o...
Tags: Fundings & Exits, Startups, TC, Asia, Education, Indonesia, Finance, Southeast Asia, Singapore, Philippines, Fintech, Tan, Monk 's Hill Ventures, Peng T Ong, ErudiFi, Philippines Co

Leverage Edu raises $6.5 million to help Indian students land in top colleges abroad

Each year, millions of students in India rush to get an admission in universities abroad. Often they don’t know which program they should focus on, or the college that is right for their skillset and ambition. Scores of legacy and newfound firms are attempting to offer counselling to these students. But despite India accounting for more students than any other country, most firms aiming to address this challenge are not focused on India, and struggle to understand some unique problems students f...
Tags: Asia, UK, Education, Australia, India, Funding, Tech, Delhi, Blume Ventures, Nps, Akshay, DSG Consumer Partners, Chaturvedi, Leverage Edu, Akshay Chaturvedi, Rohini Prakash

Why Public Transit Sucks in the United States: Four Videos Tell the Story

Many different words could describe the state of public transportation in America today. In recent decades, more and more of a consensus seems to have settled around one word in particular: that it “sucks.” Given its “antiquated technology, safety concerns, crumbling infrastructure,” and often “nonexistence,” says the narrator of the video above, “it’s not hard to argue that the U.S. public transportation network is just not good.” That narrator, Sam Denby, is the creator of Wendover Pro...
Tags: Google, Asia, Europe, Politics, Technology, College, New York City, America, San Francisco, History, Atlantic, United States, Vox, Seoul, Massimo Vignelli, United States of America

Labster gets millions from a16z to bring virtual science lab software to the world

Andreessen Horowitz, a venture capital firm with $16.5 billion in assets under management, has poured millions into an edtech startup that sells virtual STEM lab simulations to institutions. Copenhagen-based Labster, which sells virtual science laboratory simulations to schools, announced today that it has raised $60 million in a Series C round led by the prominent Silicon Valley firm, including participation from existing investors GGV Capital, Owl Ventures and Balderton Capital. Labster has no...
Tags: Startups, TC, Asia, Education, Africa, Tech, Vr, Virtual Reality, Denmark, Silicon Valley, Andreessen Horowitz, Copenhagen, Edtech, Latin America, Jensen, California Community College

Extra Crunch roundup: Digital health VC survey, edtech M&A, deep tech marketing, more

I had my first telehealth consultation last year, and there’s a high probability that you did, too. Since the pandemic began, consumer adoption of remote healthcare has increased 300%. Speaking as an unvaccinated urban dweller: I’d rather speak to a nurse or doctor via my laptop than try to remain physically distanced on a bus or hailed ride traveling to/from their office. Even after things return to (rolls eyes) normal, if I thought there was a reliable way to receive high-quality healthcare in...
Tags: Health, Startups, TC, Facebook, Asia, Europe, Enterprise, Education, Privacy, Developer, Washington, Finance, US, San Francisco, Tech, Diversity

YC-backed Blabla raises $1.5M to teach English through short videos

Short, snappy, entertaining videos have become an increasingly common way for young people to receive information. Why not learn English through TikTok-like videos too? That was what prompted Angelo Huang to launch Blabla. Originally from Taiwan, Huang relocated to Shanghai in 2019 to start Blabla after working in Silicon Valley for over a decade. A year later, Blabla was chosen as part of Y Combinator’s 2020 summer cohort. The coronavirus had begun to spread in the U.S. at the time, keeping mil...
Tags: TC, Y Combinator, Asia, Education, China, Southeast Asia, Funding, Tech, Taiwan, Shanghai, Tencent, Silicon Valley, Telefonica, Latin America, Yc, Huang

Amazon makes education push in India with JEE preparation app

Amazon on Wednesday launched Amazon Academy, a service that will aim to help students in India prepare for entry into the nation’s prestigious engineering college. The American firm is the latest entrant to this market where scores of startups and institutes have launched digital offerings in recent years. The e-commerce giant, which has invested more than $6.5 billion in the world’s second largest internet market, said Amazon Academy offers curated learning material, live lectures, mock tests, ...
Tags: Amazon, Google Play Store, Apps, Asia, Education, India, Tech, Amazon India, Amazon Future Engineer, Amazon Academy, Amol Gurwara

Byju’s is reportedly buying Indian brick-and-mortar institute Aakash for $1 billion

We may finally have an answer to why Byju’s, the , spent the last year raising hundreds of millions of dollars. Bloomberg reports that the Bangalore-based startup has agreed to buy Aakash Educational Services, which owns and operates more than 200 physical tutoring centres across the country aimed at students preparing to qualify for top engineering and medical colleges. According to the publication, Byju’s will pay $1 billion to buy Aakash Educational Services, which serves more than 250,000 s...
Tags: Asia, Education, India, Tech, Bloomberg, New Delhi, Edtech, Bangalore, Byju, Byju Raveendran, Byju's, Unacademy, Aakash Educational Services, Mary Meeker Bond

Inside SuperCharger Ventures’ debut virtual edtech accelerator

Before the pandemic, edtech companies went decades without raising financing due to lack of interest from generalist venture capitalists. Now, more than a year since COVID-19 began, the sector is showing signs of maturation, from first profits to unicorns, potential IPOs and a rush of talent. Momentum in mind, cross-border venture capital firm SuperCharger Ventures is launching a debut accelerator exclusively for early-stage edtech founders. The 12-week accelerator, which kicks off today, is bei...
Tags: TC, Asia, Accelerator, Europe, Education, China, Tech, United States, Venture Capital, BSD, COVID, Supercharger Ventures, Janos Barberis, Barberis, NextView Ventures NextView Ventures, Taylor Freeman Axon Park

Amazon eyes launching its computer science education program in India

Amazon is planning to extend its computer science program Future Engineer to India, demonstrating its growing interest in the education space in the world’s second largest internet market. In a job recruitment post, the company said that initial research for Amazon Future Engineer, through which it aims to bring computer science education to underserved and underrepresented children and young adults, in India is “currently underway” and the chosen candidate would be tasked with working with l...
Tags: Google, Amazon, Facebook, Asia, Education, Microsoft, India, Tech, United States, Bangalore, Amazon India, Amazon Amazon, CBSE, NASSCOM, Central Board of Secondary Education CBSE, Unacademy

Citi exec: Supporting education will fuel future transformers

School girl of Indian ethnicity seating at corridor with laptop . Coronavirus Outbreak. Lockdown and school closures. Indian school small girl watching online education classes at home. COVID-19 pandemic forces children online learning. Getty Images Every year, a portion of Citi's electronically traded proceeds go toward nonprofit organizations that tackle illiteracy and education inequality. For his work, Alaa Saeed, Citigroup's global head of electronic platforms and distri...
Tags: Asia, UK, Education, Opinion, Nigeria, Trends, Pakistan, Inequality, Nonprofit, Citi, Heather Halstead, Reach the World, Malala Fund, Edit Series, TB2020, SP-ING-WB-2020

Tiger Global invests in India’s Unacademy at $2 billion valuation

Unacademy, an online learning platform in India, has added two more marquee investors to its cap table. The Bangalore-based startup, which focuses on K-12 online education, said on Wednesday it has raised new funds from Tiger Global Management and Dragoneer Investment Group. The funding round, which is between $75 million to $100 million in size (according to a person familiar with the matter; Unacademy has not disclosed the figure), valued the four-and-a-half-year-old startup at $2 billion, ...
Tags: Google, Facebook, Apps, Asia, Education, India, Softbank, Funding, Tech, Goldman Sachs, Edtech, Tiger Global Management, Bangalore, Shashi Tharoor, Scott Shleifer, Gaurav Munjal

Byju’s-owned Indian startup WhiteHat Jr sues critics

Karan Bajaj, an Indian entrepreneur who teaches meditation and in his recent book invites others to live a life away from the noise, is going after the most vocal critics of his startup. Bajaj, founder of coding platform WhiteHat Jr, has filed a defamation case against Pradeep Poonia, an engineer who has publicly criticized the firm for its marketing tactics, the quality of the courses on the platform, and aggressive takedowns of such feedback. On Monday, WhiteHat Jr, filed a similar case agains...
Tags: Google, Facebook, Apps, Asia, Education, India, America, Tech, Edtech, Mary Meeker, Plaintiffs, Bajaj, Forbes India, Byju, Byju's, Whitehat Jr

Transfr raises $12M Series A to bring virtual reality to manufacturing-plant floors

The coronavirus has displaced millions of workers across the country. In order to recover, companies must focus on re-skilling their workforces in a measured and sustainable way. However, training and recruitment can cost hundreds of thousands of dollars for companies, a heavy investment that is hard to explain during volatile times. To Bharani Rajakumar, the founder of Transfr, the dilemma of displaced workers is the perfect use case for virtual reality technology. Transfr leverages virtual rea...
Tags: Fundings & Exits, Startups, TC, Gadgets, Facebook, Asia, Education, Alabama, San Francisco, Tech, Vr, Virtual Reality, Michael Jensen, Recent Funding, Coronavirus, COVID-19

Language learning app Duolingo confirms it has raised $35M on a $2.4B valuation

Last week, we reported that popular language learning app Duolingo, with 500 million total app downloads​, was raising $35 million on a valuation of at least $2.21 billion — the latest chapter in what has become a long book on how e-learning and other education startups are raking in big audiences and significant funding, a byproduct of the Covid-19 pandemic driving more people indoors and on to screens for all of their interactions. (Fittingly, Duolingo’s details were part of a bigger scoop ...
Tags: Facebook, Asia, London, Education, Softbank, Funding, Tech, Netflix, Atlantic, Edtech, General Atlantic, Duolingo, Pittsburgh, Language Learning, Trump, Luis

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