News from the world of education
March 03, 2021 00:06 IST
Updated:
March 03, 2021 00:06 IST
Updated:
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Key to growth and innovation
IT consultancy and service organisation Xebia recently hosted the XGRAD 2021 Higher Education Summit online on the theme
Industry and Academic Partnerships: A key to innovation and Growth. Dr Anil Sahsrabudhe, Chairman, AICTE, spoke about the importance of multidisciplinary education and lifelong learning. The colloquium discussed how industry and academic partnerships affect students; how technological advancement can ensure efficiency among students; and how real-world experiences and classroom learning can marry to produce students with excellent skill-set.
Thought Leadership’ session
Addressing the graduating class of Great Lakes Institute of Management, Chennai, virtually, Shiv Shivakumar, Group Executive President at Aditya Birla Group, spoke about seven career dilemmas that most people face. He also touched upon the impor
Byju’s is on an acquisition spree, with the edtech decacorn seeking to close the deal to acquire exam preparation firm Aakash Educational Services by March.
The deal, valued at $700-800 million, would be the biggest in the education space once closed, said sources.
“Due diligence is going on,” said a person in the know. “Negotiations are on between Byju’s and Aakash’s founders as they want to remain invested through some stake, and also run it independently.”
Byju’s declined to comment. According to sources, the deal is being structured in the form of cash and equity. People in the know said Byju’s is in talks with new and existing investors, mainly based in the US, to raise fresh capital of $500 million.
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Making its first acquisition in the edtech space, live learning platform Vedantu has acquired Instasolv, a doubt-solving app for students from Classes 6 to 12 for science, mathematics, IITJEE, and NEET. This also marks Vedantu s growing focus into tier-2 and tier-3 towns as Instasolv’s core focus is in these regions. With this acquisition Instasolv brings in close to 1 million of its potential active learners to Vedantu s platform. In addition, Instasolv will leverage Vedantu s live classes, tech, product and content. Last year, Vedantu had invested $2 million as part of a pre-series A funding in Instasolv. “We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country. Through this partnership we endeavor to change India’s learning curve through definitive outcomes,” said Vamsi Krishna, CEO and co-founder, Vedantu. “Delivery and distribution are two major areas where Vedantu deeply invests and continues to look for
Edtech unicorn Unacademy, has acquired TapChief, a leading professional networking and future of work platform. As part of the deal, Unacademy, which is backed by SoftBank and Facebook, will acquire a majority stake in TapChief, and enable the exit of all existing investors. Post the acquisition, TapChief will join the Unacademy Group with a valuation of Rs 100 crore. “Our endeavour at Unacademy has always been to democratise education and make learning accessible and affordable for everyone,” said Gaurav Munjal, co-founder and CEO, Unacademy Group. “TapChief shares a similar ethos in a different space, as evident from the open community of professionals and learners they’ve created.”