Hero Group Partners With MIT, University of Cambridge For New EdTech Company âHero Viredâ
by Bhaswati Guha Majumder - Apr 14, 2021 10:36 AM
Classes with interactive support.
Snapshot
The partnership would help to provide classes with interactive support as well as peer-to-peer communications and online instructor-led sessions.
Indian two-wheeler giant Hero MotoCorp Group is entering the EdTech industry through its startup Hero Vired.
The aim is to offer a mix of programmes for professionals and higher education aspirants.
According to the group, Hero Vired has partnered with the Massachusetts Institute of Technology (MIT), the University of Cambridge, and New York-based e-learning coding website Codecademy.
Edtech giant Byju’s, which is valued at around $13 billion, has globally launched its 1:1 live online learning platform ‘Byju’s Future School’. The Bengaluru-based firm has 80 million registered students on its flagship learning app. Byju’s Future School will be available in the US, UK, Australia, Brazil, Indonesia and Mexico in May and will progressively expand to more geographies in the near future. This builds on the success of Byju’s subsidiary WhiteHat Jr in India and select countries globally. Byju’s Future School helps cross the bridge from passive to active learning by offering an interactive learning platform that blends real-time instruction with lessons that generate creative outcomes for kids aged between 6-18 years. At launch, Byju’s Future School will offer coding and Math with the aim of fostering engagement and personalized learning through a live 1:1 teaching experience.
Byju s Planning To Go Public By April 2023 After Making Nearly $1 Billion Deal With AESL
by Bhaswati Guha Majumder - Apr 6, 2021 09:57 AM
Founder and CEO of BYJUâS learning app, Byju Raveendran (Photo by Hemant Mishra/Mint via Getty Images)Â
Snapshot
Byjuâs is aiming at an 18-to-24 months timeline to look at the public offering.
But as per its founder Raveendran, it would take more time as the company is in no hurry and will look at the right market timing .
Indian educational technology company Byjuâs has clinched the title of being the most valuable firm in the field of EdTech in the world since its official launch in 2015.
Byju’s said the deal is a strategic partnership with AESL, a leader in test-prep services. “I am happy to have Aakash Educational Services Limited (AESL), a market leader and the most trusted name in the test-prep services, on board with us,” said Byju Raveendran, Founder, and CEO, Byju’s. “Our complementary strengths will enable us to build capabilities, create engaging and personalised learning programmes. The future of learning is hybrid and this union will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students.” Raveendran said the pandemic has brought the importance of the blended format of learning to the forefront. “As we unite our forces to bring together decades of expertise and experience, this partnership will further accelerate Aakash’s growth and success.”
Byju s to acquire Aakash Educational Services in nearly $1B deal
By IANS |
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Leading edtech company BYJU S is reportedly acquiring Delhi-based offline test preparatory services provider Aakash Educational Services for $ one billion (nearly Rs 7,300 crore), the media reported.. Image Source: IANS News
New Delhi, April 5 : BYJU S will acquire Aakash Educational Services Limited (AESL) through a strategic merger. The deal size is pegged at close to $1 billion, according to a person familiar with the transaction.
This partnership brings together two of the largest and most-trusted education brands in India - combining Aakash s pedagogy expertise in the test-prep segment with BYJU S content and tech capabilities. After the integration, BYJU S will make further investments to accelerate Aakash s growth.