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Showing posts with the label Edtech

With $323M funding, 2016 a bumper year for ed-tech cos: Economic Times

An ET article quotes Venture Intelligence data on its report on VC investments in Edtech companies: The year 2016 has become a bonanza for the education sector, which has received investments of $323 million - surpassing the previous high of 2014 when ed-tech companies raised $223 million Strategic investors were also quite active this year, data from Venture Intelligence shows. Text book publishing company S Chand, which had raised $26 million led by IFC in 2015, has become an active strategic investor (backing several startups including Testbook). The EduPristine deal saw US-based DeVry Education Group, while Tabtor got participation from John Katzman, founder of The Princeton Review. Related Reading: PE/VC Investments in Education spike up in 2016 Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Google Capital in talks to invest in ed-tech startup Cuemath: Times of India

A Times of India article titled  Google Capital in talks to invest in ed-tech startup Cuemath quotes Venture Intelligence data on VC investments in the Education space: As per Venture Intelligence data, 23 deals worth $233 million were announced so far this year compared to $66 million across 20 deals last year(in Edtech space). The largest of the rounds came through when Byju's raised about $120 million, a mix of primary infusion of capital and secondary sale of shares, in quick time from marquee investors like the Chan Zuckerberg Initiative run by Facebook founder Mark Zuckerberg and his wife Priscilla Chan. Related: PE/VC Investments in Education spike up in 2016 Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.