Posts filtered by tags: BYJU 'S[x]


 

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


Nonobvious acquisitions are on my 2021 bingo board

At the end of 2020, I argued that edtech needs to think bigger in order to stay relevant after the pandemic. I urged founders to think less about how to bundle and unbundle lecture experience, and more about how to replace outdated systems and methods with new, tech-powered solutions. In other words, don’t simply put engaging content on a screen, but innovate on what that screen looks like, tracks and offers. A few months into 2021, the exit environment in edtech…feels like it’s doing exactly th...
Tags: Startups, TC, Spotify, Education, China, Ipo, US, Linkedin, Tech, Compass, EC, Edtech, Coursera, Clubhouse, Deliveroo, NFT


Byju’s in talks to acquire US-based reading platform Epic

Byju’s is eying acquisition of a startup that could help the biggest e-learning Indian firm deepen its footprint in the U.S. The Indian startup is in talks to acquire online reading platform Epic, a startup that offers unlimited access to over 40,000 books, videos, and quizzes from more than 250 publishers to kids aged 12 or younger, two people familiar with the matter told TechCrunch. The deal values Epic at “significantly” over $300 million dollars, according to one person, who like the other ...
Tags: Apps, Education, California, India, US, Tech, Netflix, Epic, New Delhi, Sam, Osmo, Aakash, Walmart Target, Byju, Evolution Media, Byju's


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


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


Meet Smash Ventures, the low-flying outfit that has quietly funded Epic Games among others

When in 2018, Smash Ventures showed up as an investor in a $1.25 billion round for Epic Games — reportedly the largest ever investment in a video game company at the time — it was the first time many had heard of the investing outfit. When the brand showed up again last summer in an even bigger round for Epic —  last August, the games giant announced $1.78 billion in fresh funding at a post-money equity valuation of $17.3 billion — a diner near Epic’s Cary, North Carolina headquarters that sells...
Tags: TC, India, Disney, Tech, Epic, Venture Capital, Ufc, Walt Disney Animation Studios, Pixar, Epic Games, Draftkings, Travis Scott, Garland, Richter, Mayer, Tim Sweeney


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


Delhi HC restrains Malpani from making defamatory comments against WhiteHat Jr: Report

The Delhi High Court on Tuesday restrained investor Aniruddha Malpani from making any defamatory comment and statements against WhiteHat Jr and its employees, Bar & Bench reported.  On Monday, Byju’s-owned WhiteHat Jr had managed to obtain a partial gag order from the Delhi High Court in a similar defamation case filed against Pradeep Poonia, who has been openly critical of the company’s practices and the resultant impact of children. Justice Mukta Gupta, who also ruled on the Poonia case, or...
Tags: Travel, News, Children, Youtube, US, Mumbai, Delhi High Court, Bhargava, Byju's, Mukta Gupta, Whitehat Jr, Aniruddha Malpani, Malpani, Karan Bajaj, Pradeep Poonia, Poonia


Delhi HC orders removal of tweets, video about WhiteHat Jr in defamation suit: Report

WhiteHat Jr. and its CEO Karan Bajaj have managed to secure a partial gag order from the Delhi High Court against Pradeep Poonia, who has been openly critical of the company and its practices. In response to a ₹20 lakh defamation suit filed by the Byju’s-owned company and Bajaj, the high court has restrained Poonia from a number of activities essentially, scutting any criticism that could amount to defamation.  Poonia will have to delete multiple tweets posted through September and October,...
Tags: Travel, News, Education, Children, Youtube, Delhi High Court, Mukul Rohatgi, Bajaj, Delhi HC, Byju's, Mukta Gupta, Whitehat Jr, Karan Bajaj, Pradeep Poonia, Poonia, Twitter YuTube Reddit LBRY


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


WhiteHat Jr’s founder files $2.6M defamation suit against critic

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 critic of his startup. Bajaj, founder of coding platform aimed at kids 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. In the lawsuit — in which Bajaj is see...
Tags: Asia, India, Tech, Edtech, Bajaj, Byju's, Whitehat Jr, Karan Bajaj, Pradeep Poonia, Poonia


India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, one of the handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round, the payments processing startup said on Monday. The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC, and Sequoia India, the six-year-old Indian startup said. The new round valued the startup at “a little more than $1 billion,” co-...
Tags: Asia, Finance, Singapore, India, Funding, Tech, Zomato, Sequoia Capital, Mathur, Airtel, UPI, Bangalore, Truecaller, Swiggy, GIC, Oyo


Indian decacorn Byju’s CEO talks about future acquisitions, coronavirus, and international expansion

Since India enforced a lockdown across the country in late March, shutting schools and other public places, Bangalore-headquartered startup Byju’s has emerged as one of the quintessential platforms for school-going students in the world’s second largest internet market. It took the startup about four and a half years to amass 40 million students. Since the lockdown, its user base has ballooned to 65 million, its co-founder and chief executive Byju Raveendran said at Disrupt 2020 conference Tuesd...
Tags: Apps, Asia, Education, Ipo, India, Tech, Edtech, Bangalore, Disrupt, Australia New Zealand, Byju, Byju Raveendran, Byju's, Disrupt 2020, Whitehat Jr


Silver Lake invests in edtech company Byju’s

Online learning platform Byju’s has raised funds from US-based private equity firm Silver Lake, along with existing investors including Tiger Global, General Atlantic and Owl Ventures, the company said in a statement on Tuesday. While the company didn’t specify the amount, it is believed to be $500 million, according to multiple reports. Before this, Silver Lake had invested $1.35 billion in Jio Platforms. It has also invested in Airbnb, Alibaba, Ant Financial, Alphabet’s Verily and Waymo unit...
Tags: Travel, News, Education, India, Funding, US, Atlantic, Tencent, Mumbai, Bond, General Atlantic, DST Global, Silver Lake, Owl Ventures, Byju, Dell Technologies


Silver Lake leads $500 million investment round in Indian online learning giant Byju’s

Byju’s has raised $500 million in a new financing round that values the Indian online learning platform at $10.8 billion, a source familiar with the matter told TechCrunch. The round was led by Menlo Park-headquartered PE firm Silver Lake, and existing investors Tiger Global, General Atlantic and Owl Ventures have also participated in it, India’s second most valuable startup Byju’s said in a statement, but declined to reveal the size of the round and its valuation. “We are excited to welco...
Tags: Facebook, Apps, Asia, Education, India, Funding, Tech, Atlantic, Tiger Global, New Delhi, Bond, General Atlantic, Mary Meeker, Silver Lake, TechCrunch, Reliance Jio


India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation

India has a new unicorn startup. On Wednesday, Bangalore-based online learning startup announced it has raised $150 million in a new financing round that valued the Facebook-backed firm at $1.45 billion (post-money). SoftBank Group — through its Vision Fund 2 — led Unacademy’s Series F financing round while existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic and Sequoia Capital participated in it. Unacademy helps students prepare for competitive exams to get into ...
Tags: Facebook, Apps, Asia, Education, India, Softbank, Funding, Tech, Sequoia Capital, New Delhi, Mary Meeker, SoftBank Group, Gaurav Munjal, Byju, Sequoia Capital India, Vision Fund


Owl Ventures’ new pair of funds gives edtech a $585 million boost

Edtech just keeps on booming. Today, Owl Ventures, a San Francisco-based education technology fund whose portfolio includes Byju’s, Labster, Masterclass and Quizlet, announced that it has closed a pair of investment vehicles totaling $585 million. Owl Ventures IV is a $415 million investment vehicle which will be used to invest in edtech startups Series A and beyond. The firm also formed its first ever opportunity fund at $170 million to work as a growth-stage bank for existing portfolio comp...
Tags: Startups, TC, San Francisco, Tech, Edtech, Masterclass, TCV, Chiu, Owl Ventures, Sequoia India, Quizlet, Byju, Byju's, Juni Learning, Ian Chiu, Coronavirus


Byju’s acquires edtech startup WhiteHat Jr. for $300 million

Byju’s has acquired Mumbai-based edtech startup WhiteHat Jr. for $300 million. WhiteHat Jr. offers online coding classes to students in India and the US, and was founded just 18 months ago, in November 2018. This makes it the fastest exit story at this size in the Indian startup ecosystem, according to TechCrunch. In a statement, Byju’s said that this acquisition will also help it in its US expansion plans. WhiteHat Jr. had raised $10 million from Nexus Venture Partners, Omidyar Networks and Owl...
Tags: Travel, News, Education, India, US, New Zealand, Mumbai, Karan, Owl Ventures, Byju, Byju Raveendran, Byju's, Whitehat Jr, Canada UK Australia, Nexus Venture Partners Omidyar Networks, Karan Bajaj


India’s Byju’s acquires WhiteHat Jr. for $300 million

Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country. The all-cash deal makes 18-month-old Mumbai-headquartered WhiteHat Jr., which offers online coding classes to school-going students, the fastest exit story of this size in Indian startup ecosystem. WhiteHat Jr., which had raised about $11 million from Omidyar Network and Nexus Venture Partners, has achieved a revenue run rate of $150 million. It ...
Tags: Fundings & Exits, TC, Facebook, Asia, India, US, Tech, New Zealand, Mumbai, Blume Ventures, Osmo, Karan, Bajaj, Vedantu, Byju, Byju's


Toppr raises $46 million to scale its online learning platform in India

Toppr, one of the largest online learning startups in India, has secured $46 million in a new financing round as it looks to scale its platform including a new product. Dubai-headquartered investment firm Foundation Holdings led the Mumbai-based seven-year-old startup’s Series D round. Kaizen Private Equity, an existing investor, also participated in the new round, which brings Toppr’s to-date raise to over $92 million. Toppr operates four products and services that are aimed at K-12 students. L...
Tags: Travel, Apps, Asia, Education, India, Funding, Dubai, Mumbai, Bond, Mary Meeker, Online Learning, Vedantu, Zishaan Hayath, Byju's, Unacademy, Toppr


Tweets critical of Byju’s get reported for violating Indian laws, Byju’s denies reporting them

Twitter’s legal team on Wednesday night sent multiple users emails that said they had received complaints that some tweets critical of Byju’s violated Indian laws. MediaNama reviewed four of the emails to users, which cited tweets over the past few months that included off-the-cuff comments on its business and an allegation that it was promoting “fake news”. Separately, LinkedIn permanently banned Dr. Aniruddha Malpani, an angel investor who has been a vocal critic of the ed-tech company. Byju’s...
Tags: Travel, Facebook, Twitter, News, India, Censorship, Narendra Modi, Linkedin, Pepsico, Shah Rukh Khan, Delhi High Court, Colgate, Crabtree, Mohit, Medianama, Byju


Indian online tutoring platform Vedantu raises $100 million

Investors are becoming more bullish on online education platforms in India as startups demonstrate growth at the height of a global pandemic that has severely impacted other industries. Bangalore-based startup Vedantu said on Thursday it has raised $100 million in its Series D financing round, just five months after it closed its Series C funding. U.S. based Coatue led the six-year-old Vedantu’s new financing round, with participation from some existing investors. The new funds valued Vedantu...
Tags: Apps, Asia, Education, India, Funding, Tech, New Delhi, Bangalore, Krishna, Coatue, Vamsi Krishna, Vedantu, Byju's, Unacademy, Krishna Vedantu, Rahul Kishore


Sequoia announces $1.35 billion venture and growth funds for India and Southeast Asia

Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds in the country as the storied venture firm looks to ramp up its investments in the world’s second largest internet market and Southeast Asia and finance existing portfolio startups. The two new funds — a $525M venture fund and a $825M growth fund — will help the venture firm, which already maintains a seed fund, more comprehensively serve the startup ecosystem, said Shailendra Singh, a managing d...
Tags: Asia, Southeast Asia, Singapore, India, Tech, Venture Capital, Sequoia Capital, Sequoia, Oyo, Google India, Rajan Anandan, Sequoia Capital India, Byju's, Zilingo, Shailendra Singh, Khatabook


Indian edtech giant Byju’s in talks to acquire Doubtnut for more than $125M

Byju’s is in advanced stages of talks to acquire Doubtnut, a two-year-old education learning app, as the Indian edtech giant looks to expand its reach in smaller cities and towns in the world’s second largest internet market. Three sources familiar with the matter told TechCrunch that the acquisition offer from nine-year-old Byju’s values the younger startup between $125 million to $150 million. The talks haven’t finalized yet and its terms could change or the deal could fall apart, the sources ...
Tags: Fundings & Exits, Facebook, Apps, Asia, Education, India, Funding, Tech, New Delhi, Mary Meeker, TechCrunch, Byju, Sequoia Capital India, Byju's, Unacademy, India Byju


Mary Meeker’s Bond backs Indian online learning startup Byju’s

Indian online learning startup Byju’s has added one more high-profile name to the list of its backers: Bond. In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The first-female founded VC firm’s check valued the nine-year-old Indian startup at $10.5 billion, according to a person familiar with the matter. TechCrunch reported early last month that Byju’s was in talks with some investors to raise as much as $400 mil...
Tags: Facebook, Apps, Asia, Education, India, Funding, Tech, Atlantic, Qatar Investment Authority, New Delhi, Bond, Mary Meeker, Oyo, Byju, Byju's, Raveendran Byju


Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the Bangalore-based startup’s ongoing financing round that has already seen Tiger Global and General Atlantic invest between $300 million to $350 million into the firm. That investment by the two firms thou...
Tags: Facebook, Asia, Education, India, Funding, Tech, Atlantic, Qatar Investment Authority, Sequoia Capital, Tiger Global, New Delhi, General Atlantic, Bangalore, Paytm, Chennai, Oyo


Indian education startup Byju’s raises $200M from General Atlantic

Indian education startup Byju’s said on Friday that General Atlantic, an existing investor in the startup, has pumped additional money to join the new ongoing financing round. While the startup did not disclose the size of General Atlantic’s check, a person familiar with the matter told TechCrunch that it had invested $200 million in the new round at a valuation of $8 billion. The announcement today comes weeks after Tiger Global committed to invest about $200 million in the nine-year-old sta...
Tags: Apps, Asia, Education, Funding, Tech, Atlantic, Tiger Global, General Atlantic, Byju, Byju's


India’s edtech startup CollegeDekho raises $8 million to connect students with colleges

Indian edtech startup CollegeDekho, which helps students connect with prospective colleges and keep track of exams, has raised $8 million in Series B round. The new financing round for the four-year-old Gurgaon-based startup was led by its parent company Girnarsoft Education and London-based private equity investor Man Capital, which also participated in the startup’s Series A round last year. Ruchir Arora, founder and CEO of CollegeDekho told TechCrunch in an interview that the startup will use...
Tags: Startups, Asia, London, Education, India, Funding, Tech, Venture Capital, Bangalore, Naspers, Gurgaon, Noida, Arora, Mukesh Ambani, Byju, CollegeDekho


Educational Play Kit Company Osmo Sold to India’s Edtech Firm Byju’s for $120M

Byju’s, an edtech company based in India that claims a $3.6 billion valuation based on its sales success there, announced it has acquired Palo Alto, CA-based learning-through-play firm Osmo for $120 million.Named after the teacher Byju Raveendran, who founded the company in 2011, Byju’s is making its first acquisition in the United States to advance its goals of expanding globally and adding very young children to its user base. The company, which announced the deal Wednesday, had already made ...
Tags: Google, Deals, Startups, Mobile, Hardware, Education, Internet, Entrepreneurship, India, Funding, San Francisco, Trends, Tech, Web, It, Vc