Bengaluru-Based EdTech Startup Secures Major Funding
Codeyoung, a Bengaluru-based online learning platform for kids, has successfully raised $5 million in a Series A funding round, aiming to take its education model to international markets. The round was led by 12 Flags Group and Enzia Ventures and also saw early investors exit, marking a milestone in the startup’s journey.
Founded in 2020 by…
Former investment banker Dhruv Jhunjhunwala has unveiled his new venture, Novastar Partners, an investment firm focused on India’s private markets. The firm is aiming to raise a maiden fund of Rs 350 crore, with an optional green shoe of Rs 150 crore, according to sources familiar with the matter.
Jhunjhunwala, who previously worked with RBC Capital Markets in New York, is an alumnus of the…
Once the poster child of India’s booming startup scene, Byju’s is now facing a sharp decline. The edtech giant has just sold two of its major U.S. assets—Epic and Tynker—for a combined $97.2 million, despite having bought them for nearly $700 million just a few years ago.
These fire-sale deals come amid bankruptcy proceedings in a Delaware court, and they highlight just how far the company…
Leap Raises $65 Million to Revolutionize Global Education Access
Leap, a Bengaluru-based platform that’s changing the way students access international education, has just raised $65 million in its Series E funding round. This major investment, led by Apis Growth Markets Fund III and Apis Global Growth Fund III, brings the total funding raised by the startup to over $200 million.
With this new…
In a major move to expand its global footprint, BrightCHAMPS, a leading edtech platform, has announced the acquisition of Edjust, an Indian-based K12 education marketplace. The deal, which includes both cash and stock, marks BrightCHAMPS’ fourth acquisition since its launch in 2020. But why is this acquisition such a big deal, and what does it mean for the future of online education?
What is…
Introduction: The Future of School Fee Payments in India
In a game-changing move for the education sector, GrayQuest, a Mumbai-based fintech startup, has just raised Rs 80 crore (approximately $9.3 million) in a Series B funding round. This fresh capital will allow GrayQuest to enhance its digital fee payment platform and extend its reach across India’s educational institutions.
If you’ve ever…
In a bold move, PhysicsWallah, one of India’s leading edtech platforms, has officially become a public company. The company’s board recently approved the transition from PhysicsWallah Private Limited to PhysicsWallah Limited, signaling the start of its preparations for a much-anticipated Initial Public Offering (IPO) set for 2025.
This change marks a new chapter in the growth of the edtech…
Edept Secures $1 Million to Empower Universities and Boost Employability
In a major step toward reshaping higher education, Edept, an innovative edtech startup, has raised $1 million in seed funding. The Bengaluru-based company focuses on helping universities and educational institutions offer industry-led programs that are tailored to meet the demands of the global job market.
This funding round…
Kreedo Early Childhood Solutions, an edtech startup dedicated to improving early childhood education, has secured Rs 10 crore in debt funding from Recur Club, a well-known debt marketplace for startups and SMEs. This funding will help the company scale its operations, enhance its learning solutions, and address its working capital requirements.
Kreedo’s Mission: Revolutionizing Early…
In a significant turn of events, India’s Supreme Court has struck down a tribunal order that would have allowed Byju’s, the country’s largest online tutoring platform, to settle its debts with a creditor. This decision firmly re-establishes the company’s trajectory towards insolvency and signifies a major setback for its founder, Byju Raveendran.
A High-Profile Setback for Byju’s
The…
