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betterU Education Corporation $BTRU.ca Provides Update on $100 Million Investment $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 12:03 PM on Tuesday, January 16th, 2018

Betteru large

  • Provides an update to the milestones previously announced by the Corporation on December 15th 2017 in regards to the closing of the US$100 million equity investment at US$3.00 / share
  • Fund to be set-up in the Cayman Islands by January 15th, 2018 is in progress to being completed

OTTAWA, Jan. 16, 2018 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), would like to provide an update to the milestones previously announced by the Corporation on December 15th 2017 in regards to the closing of the US$100 million equity investment at US$3.00 / share from an overseas private investment fund.

The Fund to be set-up in the Cayman Islands by January 15th, 2018 is in progress to being completed. betterU management received confirmation and further details from the investment group on January 3rd and again on January 9th 2018 that they are advancing with all milestones and will provide the Corporation with verification of account details and validation of Fund capacity upon completion. The Corporation is expecting completion of the process within the next couple of weeks.  Remaining actively involved with the investment group, betterU remains confident that the completion of all agreements and receipt of the funds will still be on or before March 15th, 2018.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit  http://www.betteru.ca/investor-overview/

Investor contact:

Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

betterU Education Corp. $BTRU.ca Increases Core Leadership and Expands Global Footprint to Western Europe $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:21 AM on Monday, January 8th, 2018

Betteru large

  • Begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th 2018
  • Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships

OTTAWA, Ontario, Jan. 08, 2018 – betterU Education Corp. (the “Corporation” or “betterU”) is pleased to announce that it has begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th 2018.  Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships. Mr. Strub will operate in Switzerland and report to betterU’s President and CEO until the Corporation has completed the recruitment process for their Chief Operating Officer which is also expected to be completed by February 2018.

Mr. Strub has extensive experience in management and business development with a spark for entrepreneurship. He holds a Master’s degree in Banking & Finance from the University of St. Gallen and a Bachelor in Economics & Business Administration from the University of Zurich, Switzerland. For the last 6 years he has worked in the financial services industry and has a successful track record in leading both strategy development & executing on projects in various countries across Europe, Asia, the Americas and the Middle East. “I am always on the lookout for good talent having both intellectual and emotional intelligence, hardworking, pleasant to work with and of course has a passion to make a difference in people’s lives. Building a business such as betterU requires dedication and strategic thinkers who are passionate every day. I knew the first time I met Stefan that he had the qualities to not only fit within our culture, but also help us grow our partnerships in Western Europe,” said Brad Loiselle, President and CEO of betterU.

Having the right leaders in place to support resource acquisition and management is critical and Mr. Strub is part of this support. Upon completion of the funding, over the course of 2018, the Corporation plans to hire several hundred additional resources which would include:

  • resources for the expansion of their Canadian head office’s core IT, financial, M&A, brand, creative, global management and governance teams.
  • resources across the USA, Europe and Australia focused on partnership development to support betterU’s marketplace services.
  • resources in India to support the maintenance and growth of betterU’s marketplace, additional Ed-Tech initiatives, national marketing campaigns, business development, operations and overall to provide global support services.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

On behalf of the Board of Director,
better Education Corp.
Brad Loiselle, CEO

For further information:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Technology can bridge the gap in our broken #education system #India #edtech $BTRU.ca $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 2:49 PM on Wednesday, January 3rd, 2018
  • The last three years have witnessed a paradigm-shift when it comes to the K-12 education space in India all thanks to the advent of new technology.
  • India’s online education industry is expected to grow almost eight times to $1.96 billion by 2021,
  • Number of paid users estimated to rise as high as 9.6 million

Toppr currently has over 2 million registered students in classes 5th to 12th

This has also attracted high volume investment into India’s online education industry with millions of dollars being poured into personalised e-learning startups.

Can technology reform public education in India?

Many of these ed-tech startups are not just focused on building a successful business, but are trying to address a serious problem that has been fundamental to the progress of our nation. Power technology startups, such as Toppr, are trying to bridge the gaps in our broken public education system, as India is ranked 92 in education among 145 countries, according to Legatum Prosperity Index.

“Through the application of machine learning, it has opened up transformative possibilities to personalize learning in a country with over 315 million students, and a skewed student-teacher ratio. With the government’s aid, it can further bridge the gaps in the public education, and considerably improve its health,” said Zishaan Hayath co-founder and CEO of Mumbai based e-learning startup Toppr in an exclusive interaction with PCMag India.

E-learning is also effectively democratic in that it levels the plane for learners from diverse social backgrounds. “With deepening internet penetration, the apps will enable a massive student community to study at their own pace, and in their own unique styles,” Hayath added.

Toppr was founded in 2013 by two IIT alumni Zishaan Hayath and Hemanth Goteti. They are now pursuing an aggressive expansion, projecting exponential growth expecting to take revenue to over $500 million by 2021.

Challenging legacy institutions

With a reward of hundreds of million dollars, the ed-tech industry is facing a cut-throat competition. Gone are the days when a retired teacher or professor could just walk in, rent a classroom and create a coaching center, which used to be a very lucrative business.

According to Zishaan Hayath, “Taking the digital DNA to the Indian education sector has been an extremely rewarding journey for us. Our objective is to revolutionise after-school learning through a platform that analyses and monitors both students’ strengths and weaknesses.”

Startups such as Toppr have been putting a lot of thought into their product by identifying the right needs of modern-day students and aspiration of current middle-class parents, unlike the legacy after-school tuition centers and coaching classes.

“Our biggest challenge was establishing a strong product-market fit. We know that the most valuable currency in a student’s life is time – irrespective of background, the medium of instruction or location. They must, hence, commit their time to the right learning tool,” Zishaan explained the initial challenges Toppr faced. “Our challenge, then, was to build trust within the student community by establishing a strong product-market fit. We had to demonstrate that the app was worth their time,” he added.

However, established institutions based on the traditional classroom business model are aware of the threat startups are bringing and they have been on the verge of digital transition as well.

“The companies currently in the online education space are of two kinds. The first is trying to leverage the internet for their conventional business models. These companies typically talk about content distribution and teacher pedigree. They look at technology as a means to user acquisition and delivering content,” Zishaan explaining the current trend in ed-tech space.

“The second set of companies is applying technology to solve specific problems that conventional methods and resources cannot tackle. They think of technology as the enabler and the internet as a platform centered around solving students’ problems,” he added.

“Toppr is distinctly in the second set with exceptional technology pedigree applied to rethinking education. This is a complex, long-term process, so we are not too worried about the crowding of online-learning offerings,” says Zishaan Hayath.

Responding to the aspirations of tier 2 and tier 3 cities

 

In recent years top colleges and academic institutions across the country have been demanding higher cut-off marks. It was not so long ago that Delhi University demanded a full score of 100 percent as cut off, a result of higher competition and demand.

This trend has put significant pressure on the students and their parents, especially in tier 2 and tier 3 cities and towns where there is a significant lack of quality after-school coaching and tuition centers. And for them, apps such as Toppr offers much-needed help.

“The vision is to penetrate deeper into the heart of India and cater to the varying learning styles of all young learners in the near future,” said Zishaan Hayath.

“While anyone across the country can download the app, the company has dedicated regional counseling teams in over 15 cities including Mumbai, Delhi, Bangalore, Hyderabad, Pune, Kota, Jaipur, Nagpur, Vijayawada, Ahmedabad, Bhopal, Indore, Chennai, Gurugram, Baroda, and Lucknow. We should reach another 15 in the coming months, and the impact is becoming increasingly visible,” Zishan added.

In recent months Toppr raised over $6.92 million dollars from investors such as AIF Partners, Helion Ventures, and FIL Capital Management, bringing the numbers to a total of $18.5 million.

Source: http://in.pcmag.com/edtech/118190/feature/technology-can-bridge-the-gap-in-our-broken-education-system

betterU Education Corp. $BTRU.ca Signs Definitive Agreement With Swift e-Learning Services Pvt Ltd. Launching an e-Template Marketplace to Support India’s Content Development Requirements $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 1:21 PM on Saturday, December 30th, 2017

Betteru large

  • Entered into a five-year partnership agreement with Swift eLearning Services Pvt. Ltd
  • Partnership will support SWIFT in managing an online e-template marketplace which will include both betterU and SWIFT’s library of hundreds of online content development e-templates created over the last several years

OTTAWA, Dec. 30, 2017 – betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”) has entered into a five-year partnership agreement with Swift eLearning Services Pvt. Ltd (“SWIFT”), an Indian e-learning development services company. The partnership will support SWIFT in managing an online e-template marketplace which will include both betterU and SWIFT’s library of hundreds of online content development e-templates created over the last several years. These e-templates were created to support developers in the constructing of online courses to make development work more efficient and affordable while improving quality. The e-templates will be supported as well on betterU’s global education marketplace, sold in bundles including predeveloped, predesigned, animated course structures, lesson pages, assessments, learning games, interactivities and much more supporting the top global authoring tools.

The development of the e-template library started several years ago after Brad Loiselle, CEO of betterU connected with the CEO of SWIFT to discuss his vision for the automation of course development work. Today, betterU and SWIFT are ready to move forward with the advancement of their efforts.  To learn more about these efforts and around the advancement of the e-template opportunity for emerging markets, please read the following article – https://www.linkedin.com/pulse/streamlining-online-content-development-emerging-markets-loiselle/

Emerging markets such as India are in high demand for the development of quality online content. A countless number of Corporations, government and educational institutions are turning to e-learning development companies to help advance and transform their content online. Through betterU and SWIFT’s libraries of resources, this partnership will help advance the country’s efforts while saving them time and money.  As betterU is focused on the education-to-employment ecosystem, quality content availability for training of employees and the market is an important part for supporting the education system.  “When we first approached SWIFT several years ago about our plans for the development of an e-template library, I was excited to see their level of interest in supporting us. Their contributions over the years have advanced this library to now include hundreds of additional e-templates making our library one of the largest available in India,” said Brad Loiselle, president and CEO of betterU.

More about SWIFT

Swift eLearning Services Pvt. Ltd., is a custom eLearning service provider with a blend of technical and subject matter expertise that caters to the specific needs of the training. Their services include: Custom Courseware Development, Rapid e-learning tools, Translations and localizations.

Visit e-templates at:  http://elearningtemplates.swiftelearningservices.com/

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

On behalf of the Board of Director,
better Education Corp.
Brad Loiselle, CEO

For further information:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

The Future Of #Education In In#dia Heavily Relies Upon Online Learning $BTRU $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:37 AM on Friday, December 29th, 2017
  • To stay relevant in the internet age, there is an increased focus on continuous re-skilling
  • Globally, the dynamic landscape of e-learning is evolving at a tremendous pace
  • The rising utilisation of mobile gadgets and devices are driving up the demand for e-learning

With a lot of focus on e-learning, ed-tech has gained much prominence. Ashwin Damera, Executive Director of Emeritus Institute of Management talks about relevance in digital age, new developments in education system and digital learning. Edited Excerpts:

To stay relevant in the internet age, there is an increased focus on continuous re-skilling. What are your views on this?

The increasing rate of technological innovations and industry disruptions caused by it has led the organisations and executives to seek and focus on re-skilling opportunities. Digital disruptions in traditional sectors like banking, IT and retail have given rise to new opportunities; along with the need for working professionals to up-skill themselves. A recent survey conducted by Emeritus found that over 50 percent of executives who seek re-skilling opportunities have over 15 years of experience. Thus further emphasizing that re-skilling is the key area of focus for organizations and professionals.

How e-learning is getting its sheen back?

E-Learning received a boost from technological advancements such as interactive videos, micro learning, social interaction, live teaching and mobile learning. Furthermore, adoption of technologies such as VR (Virtual Reality), gamification and AI (Artificial Intelligence) will offer higher engagement and deeper, interactive learning experience for participants.

How govt. push for digital learning will further accentuate the growth of e-learning in India?

Digital Initiatives like Digital India, Make in India and Skill India have signaled the intent by the government to transform India into a knowledge economy. Furthermore, the Ministry of Electronics & Information Technology have identified e-learning as an area of focus with the objective to develop tools and technologies to promote it. These initiatives underline the government’s ambition to promote e-learning. As half of the population is under the age of 25 and the number of internet users expected to reach 500 million, the future of education in India heavily relies upon online learning. Thus the push for digital learning will strengthen the e-learning ecosystem.

What are the new developments taking place in the industry?

Globally, the dynamic landscape of e-learning is evolving at a tremendous pace. The rising utilisation of mobile gadgets and devices are driving up the demand for e-learning. Today, the popular e-learning trends are mobile learning, micro learning, Virtual Reality, Gamification and AI; while the trending e-learning themes revolve around technical and soft skills, leadership development, compliance and business acumen.

How AI is been used in the system?

Artificial Intelligence (AI) in e-learning is still at a nascent stage, but has immense potential to address the numerous e-learning challenges. Some of the applications of AI in e-learning include adaptive learning (using AI to adapt to the learners goals, needs and preferences) and chatbots (interacting with learners in a human-like manner). AI will definitely have a bigger part to play within the e-learning space in the coming years.

How Emeritus is helping the Indian education system?

Traditional classroom-based learning forms an integral part of the Indian education system – and it is losing out to the increasing internet access and adoption. This method of learning cannot be updated real-time and thus fails to deliver knowledge and skills relevant in our fast-paced, dynamic professional world. At Emeritus, we develop programs focusing on the learning themes applicable in our professional environment. Emeritus offers management education programmes in collaboration with three top-ranked global business schools, MIT Sloan Executive Education, Columbia Business School Executive Education and Tuck Executive Education at Dartmouth College.

Source: http://businessworld.in/article/The-Future-Of-Education-In-India-Heavily-Relies-Upon-Online-Learning-Ashwin-Damera-Executive-Director-Emeritus-Institute-of-Management/18-12-2017-135031/

betterU $BTRU Executes on Definitive Agreement With One of India’s Largest Media Conglomerates for a $10 Million Media Investment $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:42 AM on Thursday, December 21st, 2017

Betteru large

  • Announce that it has completed the Definitive Agreement with HT Overseas Pte. Ltd. for a media investment of up to $10 Million to be utilized over 2 years.
  • Investment will provide betterU’s marketplace with increased visibility to millions of people across India

OTTAWA, Dec. 21, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce that it has completed the Definitive Agreement with HT Overseas Pte. Ltd., a wholly-owned subsidiary of HT Media Limited (“HT”) for a media investment of up to $10 Million to be utilized over 2 years. The investment will provide betterU’s marketplace with increased visibility to millions of people across India.

The initial tranche of equity investment will consist of betterU receiving use of $1.25 million worth of the media investment in exchange for HT receiving 3,205,128 common shares of the Corporation at $0.39 per share subject to approval by TSXV.

The roll out of betterU’s mass marketing campaigns will commence January 2018 and media campaigns will focus on building national exposure for betterU’s marketplace in India as well as supporting their education, corporate and employment partners, brand awareness and user acquisition strategies. Each $1.25M media investment will support marketing efforts over a period of one quarter. These campaigns are expected to run weekly across India’s top cities supported by a variety of HT’s media platforms.  “This increase in media visibility will not only drive more awareness to betterU’s global education marketplace, but it will also help support the country’s transformation with access to quality global education,” said Brad Loiselle, President and CEO of betterU.

The proposed media investment will be made in eight (8) equal tranches of CAD $1.25 Million. Each Tranche shall result in HT receiving common shares (the “Shares”) in the capital of betterU from treasury. The Shares shall be issued at a price equal to the volume weighted average price of the Shares on the facilities of the TSX Venture Exchange (“TSXV”), calculated by dividing the total value by the total volume of Shares traded for the thirty (30) days ending on the day which is one trading day prior to the date of issuance, or such higher price as the TSXV may require.

The obligations of HT and betterU to complete the proposed media investments are subject to approval from TSXV for each of the individual tranche transactions.

About HT Media 

HT Group has built a Pan India reach via its various print, radio and digital properties.  The combined reach is an astonishing ~10% of Indian population.  In print alone, HT Group’s Hindustan Times (English medium); Hindustan (Hindi medium), Mint (English Business daily) give a combined readership of over 29.9 million.  This readership is multiplied significantly through HT’s radio channels (104 Fever and 107.2 Nasha) which have dedicated audience of over 21.7 million in Delhi, Kolkata, UP, Bangalore, Chennai, Hyderabad and the Indo Gangetic belt.  This is further complemented by HT’s digital presence including hindustantimes.com; livehindustan.com; livehindustan.com; desimartini.com and shine.com.

Geographically, HT Group has the following reach:

  • In West, HT is able to reach 7 million population in Mumbai through their highly recognised Brands in Print(HT/Mint), Radio(Fever/Nasha) & Digital.
  • In North, HT Group’s mediums directly touch “8 out-of every 10” population in Delhi NCR.  Print readership of around 4.3 million complemented by leading radio channels such as 104 Fever and 107.2 (giving an additional audience of 8.1 million) makes HT Group a clear leader in the Delhi NCR region.

Hindustan Times is an Indian English-language daily newspaper founded in 1924 and the flagship publication of HT Media. Hindustan Times is one of the largest newspapers in India, by circulation. According to the Audit Bureau of Circulations and it has a circulation of 1.16 million copies as of November 2015. HT is one of the top most widely read English newspaper in India. It is popular in North India, with simultaneous editions from New Delhi, Mumbai, Kolkata, Lucknow, Patna, Ranchi and Chandigarh.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit  http://www.betteru.ca/investor-overview/

Brad Loiselle
President and CEO
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Investor contact:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Indian students look to tech companies for education #edtech $BTRU.ca #betterU $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 11:59 AM on Wednesday, December 6th, 2017

  • Byju’s, has attracted more than 500,000 subscribers for its interactive online courses, aimed at children aged 10 to 18, with a mixture of video lessons and game-based practice.
  • “For the next generation, learning from a screen is a primary habit,” says Mr Raveendran, after demonstrating one of his colourful learning games on a tablet
  • Raised more than $200m from investors including US venture capital firm Sequoia Capital and China’s Tencent, which invested at a valuation of about $800m in July
  • Most prominent of a wave of Indian companies in the booming market.

Simon Mundy in Bangalore and Amy Kazmin in New Delhi December 3, 2017 3 Byju Raveendran smiles proudly as he shows off a video of his biggest ever live performance, when 24,000 young Indians crammed into New Delhi’s Indira Gandhi Stadium to hear his tips on high school maths. The young tutor’s star status reflects the huge importance attached to educational qualifications in India, where millions of high-schoolers compete for a limited number of places in well-known colleges that are seen as virtual guarantees of well-paid employment. But these days, Mr Raveendran is sparing little time for live sessions to focus on his core business: educational technology.

Since 2011, his company, Byju’s, has attracted more than 500,000 subscribers for its interactive online courses, aimed at children aged 10 to 18, with a mixture of video lessons and game-based practice. “For the next generation, learning from a screen is a primary habit,” says Mr Raveendran, after demonstrating one of his colourful learning games on a tablet. Byju’s – which has raised more than $200m from investors including US venture capital firm Sequoia Capital and China’s Tencent, which invested at a valuation of about $800m in July – is the most prominent of a wave of Indian companies in the booming market.

A report in May by KPMG and Google estimated that the country’s online education market generated sales of $247m last year, and predicted that this figure would grow to $1.96bn by 2021. While much of the current market is made up of professional training software, the report predicted that providers of primary and secondary “supplemental education” would become the biggest segment with sales of $773m.

A key driver, it said, would be burgeoning demand in mid-sized cities, where parents view their children’s success in school exams as a critical step towards upward mobility. “Only a quarter of our users are from the top ten cities. Students in smaller towns are even more aspirational, because they know the only way to make it is through education,” says Mr Raveendran, who grew up in a small south Indian village and learned English by listening to cricket commentary. In a room at the company’s Bangalore headquarters, dozens of employees are creating learning materials that range in sophistication from talking animated numerals for early maths students, to three-dimensional models of chloroplasts for high-school biology tutorials.

The slickly produced videos are driving demand for Byju’s offerings, with prices for a one-year course starting at Rs23,000 ($355) — nearly a fifth of India’s per capita gross domestic product. While the frugality of Indian consumers has been a headache for other internet companies, Mr Raveendran argues that digital education is viewed differently by parents already investing heavily in private schooling or tuition. For some Indian ed-tech companies, foreign markets have been more lucrative. Altaf Rehmani founded TinyTapps in 2015 to produce a suite of apps aimed at children under the age of six.

Its biggest markets have been the US and the UK, but Mr Rehmani hopes to capture more of the attention of domestic customers. “If you can prove that the product sells well outside India, then Indians will be more willing to buy,” Mr Rehmani says. “People in India are very brand-conscious.” Recommended Virtual tutors help India fill education and skills gaps India’s ‘islands of excellence’ distract from gaps in basic learning Foreign investors give Indian tech start-ups a boost Many lower-income Indian parents are faced with the more fundamental challenge of securing a basic education for their children, with public schooling undermined by overcrowded classrooms and undertrained teachers.

In 2016, only 43 per cent of Indian third-grade students were able to read a text designed for first-graders, according to educational charity Pratham. “Parents in any country have an outsized influence on a child during early childhood, and in India there are over 150m women who are illiterate,” says Sneha Sheth, co-founder of Dost Education, a non-profit organisation. Yet many illiterate Indians use mobile phones, and even the basic call function can be a powerful technological tool for education in poor households, Dost says. For Rs200, Hindi-speaking parents can call up daily to access Dost’s six-month audio course which guides them through simple exercises to support the mental development of small children, such as comparing the sizes of household objects.

But while most ed-tech enterprises in India are currently focusing on winning business from students and their families, some of the biggest opportunities will come from getting technology into schools, says Prachi Jain Windlass, a director at the Michael & Susan Dell Foundation, which has invested in several Indian ed-tech companies. Among them is ConveGenius, a producer of tablet devices loaded with learning materials in one of five Indian languages that are being used in schools on a trial basis.

ConveGenius has been overhauling its product since commissioning third-party research indicating that it made less impact on stronger students than on weaker ones, says founder Jairaj Bhattacharya. Such deep research is increasingly expected of entrepreneurs in this field, who face growing pressure from investors to demonstrate the efficacy of their technology in improving student performance, Ms Windlass says. “Before, technology was an end in itself,” she adds. “The assumption was that because kids find digital content engaging and entertaining and that they are watching, they are learning. That has changed.”

Source:https://www.ft.com/content/3e196c42-bd35-11e7-b8a3-38a6e068f464

betterU Education Corporation $BTRU Extends Letter of Intent Deadline to Complete Definitive Agreement for $10 Million Media Investment With #Hindustan Times $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 11:05 AM on Friday, December 1st, 2017

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  • Agreed with Hindustan Times to extend the deadline date from December 1st, 2017
  • As outlined in the Letter of Intent announced October 3rd, 2017 to a closing date on or before December 15th, 2017 for the Definitive Agreement with HT Overseas Pte. Ltd

OTTAWA, Dec. 01, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), has agreed with Hindustan Times to extend the deadline date from December 1st, 2017 as outlined in the Letter of Intent announced October 3rd, 2017 to a closing date on or before December 15th, 2017 for the Definitive Agreement with HT Overseas Pte. Ltd., a wholly-owned subsidiary of HT Media Limited (“HT”). The delay for completion of the Definitive Agreement is related to the recent halt of the Corporation’s shares which have be released for trading today.

Up to $10 Million in media investment will to be utilized over 2 years to provide betterU’s marketplace with an increased visibility and brand awareness to millions of people across India. The Corporation is expected to start using the first tranche of $1.25 million in marketing dollars January 2018.

The proposed media investment will be made in eight (8) equal tranches of CAD $1.25 Million. Each Tranche shall result in HT receiving common shares (the “Shares”) in the capital of betterU from treasury. The Shares shall be issued at a price equal to the volume weighted average price of the Shares on the facilities of the TSX Venture Exchange (“TSXV”), calculated by dividing the total value by the total volume of Shares traded for the thirty (30) days ending on the day which is one trading day prior to the date of issuance, or such higher price as the TSXV may require.

The obligations of HT and betterU to complete the proposed media investments are subject to approval from TSXV for each of the individual tranche transactions.

About HT Media

HT Group has built a Pan India reach via its various print, radio and digital properties. The combined reach is an astonishing ~10% of Indian population. In print alone, HT Group’s Hindustan Times (English medium); Hindustan (Hindi medium), Mint (English Business daily) give a combined readership of over 29.9 million. This readership is multiplied significantly through HT’s radio channels (104 Fever and 107.2 Nasha) which have dedicated audience of over 21.7 million in Delhi, Kolkata, UP, Bangalore, Chennai, Hyderabad and the Indo Gangetic belt. This is further complemented by HT’s digital presence including hindustantimes.com; livehindustan.com; livehindustan.com; desimartini.com and shine.com.

Geographically, HT Group has the following reach:

  • In West, HT is able to reach 7 million population in Mumbai through their highly recognised Brands in Print(HT/Mint), Radio(Fever/Nasha) & Digital.
  • In North, HT Group’s mediums directly touch “8 out-of every 10” population in Delhi NCR. Print readership of around 4.3 million complemented by leading radio channels such as 104 Fever and 107.2 (giving an additional audience of 8.1 million) makes HT Group a clear leader in the Delhi NCR region.

Hindustan Times is an Indian English-language daily newspaper founded in 1924 and the flagship publication of HT Media. Hindustan Times is one of the largest newspapers in India, by circulation. According to the Audit Bureau of Circulations and it has a circulation of 1.16 million copies as of November 2015. HT is one of the top most widely read English newspaper in India. It is popular in North India, with simultaneous editions from New Delhi, Mumbai, Kolkata, Lucknow, Patna, Ranchi and Chandigarh.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit http://www.betteru.ca/investor-overview/

Brad Loiselle
President and CEO
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Investor contact:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

betterU Education $BTRU is Awarded Contracts From Several Additional India Corporations to Support Their Training Needs $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 12:44 PM on Wednesday, November 8th, 2017

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  • Awarded contracts from both Blue Star India and Evry India to support their employee training programs
  • Blue Star is India’s leading air conditioning and commercial refrigeration company, with an annual revenue of over US$ 681 million, a network of 35 offices, 5 modern manufacturing facilities, 2700 employees, 2200 dealers and 600 retailers
  • Evry India Pvt ltd is a part of Norwegian company called Evry ASA (www.evry.com) which has revenue over one billion USD;
  • Globally over 10,000 employees with over 2,500 in India

OTTAWA, Nov. 08, 2017 – betterU Education Corp. (the “Company” or “betterU”), is pleased to announce that they have been awarded contracts from both Blue Star India and Evry India to support their employee training programs. betterU will work with Blue Star to transform their content to an online program helping advance their training across human resources, sales, manufacturing processes and technical. betterU is also working with Evry India to provide instructor-led programs to their software engineers in react Native and Redux training. In additional to the customized corporate programs, betterU will also continue to support both companies in their growth requirements through its library of training programs and partners available on its global education marketplace.

The combined opportunity value for these new initiatives are approximately $100,000. Our enterprise sales team continues to achieve great successes in developing relationships with some of India’s largest corporations. While only launching betterU’s corporate programs a few months back, betterU has in this short period not only closed many such corporate accounts, but has also received repeat business from several Corporates including Central Bank of India and Dimension Data. Each order for instructor-led training ranges between $1,000 to $3,500 on average. While many of these orders are Instructor-led leadership & technology training programs, it aligns with one of betterU’s objectives for establishing a national network of trainers and developers to support the need for both online and offline training. These corporate contracts will continue to grow in frequency and size as betterU advances its relationships with the corporations as well as its team and support programs.

“We continue to advance our marketplace by putting in place key partnerships and infrastructure to support the education needs of the country. Learning is not simply one line of business or a single method of delivery, it is a multitude and collection of learning options. As a global education marketplace, it is important that we can supply and support variable learning programs across offline, online, custom development and more. Our ability to adapt to the needs of the market as it matures is what we will make our company even better and stronger for the future”, said Sameer Vatsa, India’s Country Head for betterU Education Corporation.

About Blue Star

Blue Star is India’s leading air conditioning and commercial refrigeration company, with an annual revenue of over US$ 681 million, a network of 35 offices, 5 modern manufacturing facilities, 2700 employees, 2200 dealers and 600 retailers. Blue Star’s integrated business model of a manufacturer, contractor and after-sales service provider enables it to offer an end-to-end solution to its customers, which has proved to be a significant differentiator in the market place.

https://www.bluestarindia.com

About Evry India Pvt ltd.

Evry India Pvt ltd is a part of Norwegian company called Evry ASA (www.evry.com) which has revenue over one billion USD. Globally they have over 10,000 employees with over 2,500 in India. Evry India offers IT consulting and Services solution.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ‘education-to employment’ ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

INTERVIEW: betterU $BTRU.ca Discusses Letter of Intent for US$100 Million, $3/Share Equity Investment From a Hong Kong Based Investment Group

Posted by AGORACOM-JC at 5:36 PM on Friday, November 3rd, 2017