Daily Crunch: Byju’s founder chips in toward $800M funding round to reach $22B valuation
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Byju’s founder backs startup in $800 million funding at $22 billion valuation
Byju Raveendran, the co-founder and chief executive of eponymous Indian edtech giant Byju’s, has invested $400 million into the startup, the two said on Friday. His backing is part of a larger $800
GoStudent raises $340M Series D funding round as it pushes into international markets
Fresh from raising a $244 million Series C (that valued the company at $1.7 billion) back in June, K12 online tutoring marketplace GoStudent has now raised a $340 million Series D round led by new inv
Target Global leads $3.5M pre-seed in Nigerian online learning platform Edukoya
For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. Edtech platforms such as Edukoya have sprung
UK’s Atom Learning picks up $25M from SoftBank for an AI-based online learning platform aimed at elementary school-aged students
The COVID-19 pandemic ushered in a new chapter for virtual learning, giving a boost of attention to existing tools and spurring the creation of new services and use cases as students of all ages were
Student media giant Chegg acquires language learning startup Busuu for $436M
Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all
Microsoft acquires TakeLessons, an online and in-person tutoring platform, to ramp up its edtech play
Microsoft said in January this year that Teams, its online collaboration platform, was being used by over 100 million students — boosted in no small part by the COVID-19 pandemic and many school
China’s expected edtech clampdown may chill a key startup sector
When it comes to control, the Chinese government doesn't mind wiping out a few dozen billion dollars in market cap here and there. That's not a great system.
Indian tech startup exposed Byju’s student data
India-based technology startup Salesken.ai has secured an exposed server that was spilling private and sensitive data on one of its customers, Byju’s, an education technology giant and IndiaR
Extra Crunch roundup: 2 VC surveys, Tesla’s melt up, The Roblox Gambit, more
Thanks very much for reading Extra Crunch this week. I hope we can all look forward to a nice, boring weekend with no breaking news alerts.
Why I left edtech and got into gaming
While there were risks to gaming, the large and growing market size, resilient economic model and high engagement rates were compelling enough to look past them.
The five biggest rounds in tech in 2019 and what they mean
Funding for tech startups has been on an inevitable upswing for years, a result of a virtuous circle where wildly successful tech companies on the public markets whet the appetites of investors and in
Peer tutoring platform Knack raises $1.5M from Charles Hudson, Jeff Vinik
Knack, a peer tutoring platform aimed at college students, is taking a different approach than some online tutoring marketplaces have in the past. As a result, the Florida-based startup has raised a $
Preply pulls in $1.3M to expand its tutoring marketplace in Europe
Edtech startup Preply, which has built an online marketplace for finding and booking private tutors for a range of subjects, has closed a $1.3 million seed round. It supports booking of both in-person
Fresh Off Its $21.5M Raise, Tutoring Marketplace WyzAnt Acquires Deadpooled Competitor, Tutorspree
Tutorspree launched out of Y Combinator in 2011 to tackle the fast-growing, high-priced and increasingly franchise-happy tutoring market. To take on heavyweights like Sylvan Learning, the startup set
IAC Acquires Tutor.com To Add An Education String To Its Consumer Web Portfolio
Media and Internet company IAC has pocketed (yet) another web property -- picking up veteran online tutoring website Tutor.com for an undisclosed sum. The acquisition completed today, meaning Tutor.co