/PRNewswire/ Maven, a platform for cohort-based courses created by the founders of Udemy, altMBA, and Socratic, has been named the #1 education company on.
a16z bets millions on Maven, a platform for cohort-based courses
Maven, a startup that helps professionals teach cohort-based classes, has raised $20 million in a Series A round led by Andreessen Horowitz. The round places a16z general partner Andrew Chen on Maven’s board and is his latest lead check in a creator-focused company, similarly pouring millions into recent rounds for Clubhouse and Substack.
The investment comes seven months after Maven, then nameless, left stealth alongside a $4.3 million round led by First Round Capital, and three months after it raised a $750,000 equity crowdfunding round. While the company declined to disclose valuation, we do know that it’s a lot of fast cash earmarked toward fueling the same bet: that the future of cohort-based learning is the future of education.
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State-owned Bharat Sanchar Nigam Limited (BSNL), which provides mobile, landline and broadband services in all circles (service areas) except Delhi and Mumbai, is likely to turn profitable by the 2023-24 financial year, according to a recent parliamentary panel report.
However, this all hangs on whether the company rolls out the revival package it was offered in 2019. BSNL has stated that it expects to be profitable from 2023-24 onwards, subject to full realisation of the revenue and cash flow from services as well as monetisation of land assets as envisaged at the stage of processing of the revival package, says the Standing Committee on Information Technology report earlier this month.