From TechCrunch
By Manish Singh
December 4, 2023
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a stunning reversal of fortune for the once fast-growing learning app. The two firms confirmed the deal on Monday, but declined to share financial terms of the acquisition. Seven-year-old Doubtnut, […]
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Indian edtech giant Byju’s raises $250 million, on track to close another $700 million
Byju’s has raised $250 million in fresh funding and is close to securing an additional $700 million, two people familiar with the matter told TechCrunch, as the Indian edech giant builds up its war chest ahead of the highly-anticipated IPO of its subsidiary Aakash. The New York-headquartered investment firm Davidson Kempner has invested $250 million […]
May 12, 2023
India’s Physics Wallah raises $210M at $2.8B valuation even as edtech funding remains scarce
Physics Wallah, an Indian edtech startup, has secured $210 million in fresh financing amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the biggest company in the space. Physics Wallah said on Friday the Series B round was led by Hornbill Capital, with Lightspeed Ventures Partners “significantly” participating, alongside existing backers WestBridge and GSV. The round values Physics Wallah at $2.8 billion, a substantial increase from the
Sep 19, 2024
TPG nears $150M funding in India’s Eruditus at $2.3B valuation
Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $150 million in new funding, two sources familiar with the matter told TechCrunch, in what would be the largest fundraise by an Indian education firm in years. TPG, a major private equity player, is discussing to lead the investment, the sources said. The new investment will value Eruditus at up to $2.3 billion, according to proposed terms, the sources added, requesting anonymity as the deliberations are ongoing
Aug 24, 2024
Course Hero, once an edtech unicorn valued at $3.6B, conducts layoffs
Course Hero, a tutoring business last valued by investors at $3.6 billion, has cut 15% of staff, or 42 people — its first round of layoffs in 17 years, TechCrunch has learned from numerous sources. A spokesperson confirmed the layoffs, saying that “the layoffs are happening as a part of a strategic effort to set […]
Mar 16, 2023