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Embracing #Edtech in a post-lockdown world SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 11:22 AM on Monday, April 13th, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

Embracing EdTech in a post-lockdown world

  • More than a billion children are currently out of school with no return date.
  • As we enter another month with educational institutions around the world in lockdown, it has become clear that the Covid-19 outbreak has the potential to forever change not just how we learn, but how we think about learning.

By Geoffrey Alphonso

While the world’s schools, colleges and universities may be closed, education must go on. This is a challenge unlike any we have faced before, but it is also an opportunity to harness the human capacity for learning and to further develop our tools.

In this environment, online systems, data-driven structures, and artificially intelligent algorithms offer critical resources for students, teachers and even parents. But realising the full value of these resources requires re-thinking how our education systems interact with technology, forging a new path and incorporating technology into every aspect of learning.

For several years now education has been one of the fastest growing sectors in technology.  According to HolonIQ, a global education intelligence firm, the ‘Edtech’ field is projected to be worth $341 billion by 2025.

This is unsurprising given its obvious potential, not just today, but for the cities of tomorrow, which will need to be agile enough to embrace change and disruption. Those that thrive will be the ones already investing in the wider strategic infrastructure that supports online learning.

Communities around the world have been wrangling with the demands of continued support for education through the Covid-19 lockdown. When Abu Dhabi closed schools on March 9th, the emirate immediately activated an “at home” model, with all of its school children continuing to learn through online platforms.

In a time of social distancing, that means that not only can students continue to learn, they can also continue to engage with their peers and their teachers. And during these trying times, it is clearer than ever just how important these relationships remain for our mental and emotional health.

That shouldn’t be regarded as a replacement for the social warmth of physical classrooms and human interaction, but it is a viable way to foster and maintain connections when the alternatives are not available.

In some areas, we shouldn’t be afraid of also considering how to retain some of these technologies in a post-Covid-19 world. Learning online means students can progress at their own pace, with personalised systems that puts each student at the centre of every class. Instant and ongoing assessments also provide teachers with feedback on individual progress, giving them a chance to adjust, correct and spend additional time on material through one-on-one instruction.

Videos, games and interactivity can also keep the lessons flowing, harnessing an approach known as the “gamification of learning”. This motivates them to learn, practice, and ultimately achieve full mastery of the material. The most successful platforms also allow for streamlined and consistent delivery of lessons, relieving teachers and parents of the time needed to build resources from scratch. This frees them up to focus on the actual delivery of the lessons, maximising their direct engagement with students.

It can be more than just continuing to teach, it can be a qualitative shift in our education systems if we grasp the nettle.

This is not to say that embracing Edtech is without challenge. For example, schools need to be scaled up with the necessary IT infrastructure and hardware, while external systems themselves have to be able to handle the processing demands of home access.

Similarly, the tools we use also have to be based on sound learning principles and properly aligned with national curricula, with the most important stakeholders in mind: the teachers and students. From a design perspective, teachers and students will bring endless varied challenges and Edtech systems must be designed with this diversity in mind, especially for those students with special educational needs.

Lastly, we should not be so arrogant as to assume that teachers and parents can simply be “dropped” into Edtech systems. Software designers may always be confident that their tools are eminently intuitive for all users, but the reality is that scaling up online technologies also means ensuring we provide support in the form of the training required for our students and children, helping them to get the maximum value from these technologies.

These things are not easy. They take time, they take investment and they require a government that is committed to deploying innovative systems in an environment that doesn’t always rapidly embrace change. Abu Dhabi invested heavily over the years, directly and indirectly, to support companies that deliver these programmes as well as a stable infrastructure to support them, giving the emirate and its students flexibility and a way forward.

Ultimately, the most effective providers will be those who keep users at the heart of their endeavours, offering a holistic learning experience which ensures that no student misses a beat, whether inside the classroom or out.

And the education systems that are best placed to thrive in a post-Covid-19 world will be those who retain the technologies and tools that have been tested so fiercely during this outbreak.

Source: https://www.techradar.com/news/embracing-edtech-in-a-post-lockdown-world

AGORACOM Companies Making Big News Over Last 10 Days Despite COVID-19 $CBDT.ca $BTRU.ca $HOLL.ca $NAM.ca $MOTA.ca $PRMO.ca $DM.ca $PYR.ca

Posted by AGORACOM-JC at 8:00 PM on Sunday, April 12th, 2020

Dear AGORACOM Members, we hope this message finds your families well.  We also want to wish Happy Easter and Happy Passover to those that are celebrating.

During this turbulent time, our job now more than ever is to bring you the small cap companies that are actually thriving in order to help you discover your next great company.  Thanks to our focus on quality over quantity, AGORACOM clients have been operating exceedingly well and we are very happy to provide you with the following highlights over the last 10 days (in reverse chronological order):

* Empower Clinics (CBDT:CSE) Up 55% On 4.5M Shares Traded – Clinic Patient Visits Up 478% In Q1 (NEWS + VIDEO)

* BetterU Education (BTRU:TSXV) UP 37% On 1M Shares Traded – Closes Deal With USA Paramount For Enterprise Skills Development (NEWS + VIDEO)

* Hollister Biosciences (HOLL:CSE) Up 60% on 4M Shares – Acquisition Adds $16.4M Rev / $2.5M EBITDA (NEWS + VIDEO)

* New Age Metals (NAM:TSXV) 2.9M Ounces Of Palladium Equivalent Is Why Eric Sprott Owns 18.5% (VIDEO)

* Mota Ventures (MOTA:CSE) Acquires Over 20,000 Customers in March, Launches New Immune Support Product Line (NEWS + VIDEO)

* Primo Nutraceuticals (PRMO:CSE) Up 100% On 2.6M Shares – Signs Acquisition LOI with Celebrity brand Beauty Kitchen (NEWS)

* Datametrex A.I. (DM:TSXV) Hired By US Government Agencies On COVID-19 / Coronavirus Fake News and Disinformation (NEWS + VIDEO)

* PyroGenesis (PYR:TSXV) Receives $550K Under an Exclusive Agreement with a US Tunneling Company (NEWS)

We know that most of you have seen most of these headlines on our front page – but make sure to never miss a timely piece of news by also adding us into your social media streams on Twitter and Facebook.

Finally, look for some big news and changes coming to AGORACOM in the next 60 days.  We are going to be bigger and better than ever!

Stay Home. Stay Safe. Keep Our Heroes Healthy.

Regards,

George et al.

Indian #Edtech’s Demonetisation Moment? Online Learning Takes Off Under Quarantine – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 5:23 PM on Thursday, April 9th, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

Indian Edtech’s Demonetisation Moment? Online Learning Takes Off Under Quarantine

  • Over 91% of the world’s student population is out of school currently
  • This has led to a surge of users on online learning platforms
  • Startups are looking to convert this temporary surge into a permanent customer base
  • As per The Future Of India’s $2 Bn Edtech Opportunity Report 2020 by DataLabs by Inc42, the Indian online education market is expected to become a $1.96 Mn opportunity

By: Kritti Bhalla

Indian education system might be one of the oldest in the world, but it is definitely not the most technologically advanced in the world. But this coronavirus outbreak has brought out a different side of learning and school education with the proliferation of edtech products and services. From local schools to colleges and universities, everyone is gunning for the new reality — online learning.

With almost 91% of the world’s student population out of school for the foreseeable future, many have said it’s time to take traditional education to another technologically advanced level. After all, for how long will the education of the students get affected by lockdowns, war, natural disasters and other such situations?

Mrinal Mohit, chief operating officer at BYJU’s, believes that learning from home has gained utmost importance more than ever before due to temporary school closure. “Students need a holistic and reliable solution that helps them continue learning from the comfort of their homes.”

Following China’s footsteps, Indian edtech startups and educational institutions have also emerged as leaders in ensuring that digital learning becomes a viable option for more students regardless of their capacity to afford online learning. In fact, edtech has ensured that education is one of the last things to get impacted by the pandemic. Whether it’s schools going online, or online classes going free, every stakeholder is doing their bit to keep the cycle of education running.

For Indian edtech startups, this means a sudden influx of online users, engagements and startups. It’s similar to what played out in the Indian market soon after demonetisation in 2016, when digital payments and the cashless economy got a major boost. Can India’s edtech startups capitalise on this momentary surge?

As per The Future Of India’s $2 Bn Edtech Opportunity Report 2020 by DataLabs by Inc42, the Indian online education market is expected to become a $1.96 Mn opportunity, rising from $247 Mn in 2017. In the financial year 2018, the gross merchandise value (GMV) of edtech startups was above $120 Mn, a surge of 48% compared to FY17.

The Numbers Behind Edtech Growth

BYJU’s, which is one of the most valued edtech startups in the world, has noted a 150% surge with 6 Mn new students on the platform in March 2020. The company has noted the hike in both metro and non-metro regions.

Meanwhile, other edtech platforms have also been noting increase, especially after school started shutting down as a precautionary measure to tackle the coronavirus pandemic. Prime Minister Narendra Modi’s announcement for a 21-day-lockdown led to another spike in the users opting for online learning platforms.

For instance, upGrad claimed that it started noting an exponential growth in usage from February 24 to March 2, with almost 34% hike compared to the previous week. Then, in the first week of March, the company’s traction went up by 75%. Moreover, the enquiries on the platform have also increased by 50% from 2,500 to 3,800 per day.

Doubtnut, which is a video-based Q&A platform, has also noted a 76% in engagement time and 72% in the questions asked and 75% between March 20 to April 5th. The company also elaborated that it has noted a 107% increase in Beetia, 52% in Muzaffarpur, 70% in Allahabad, 29% in Hyderabad and 34% in Vizag and 187% in Vijayawada.

Meanwhile, test prep startup Testbook has noted seven lakh transactions in the last 10 days and over 150x free users in the same time period. Simplilearn has also highlighted that it has witnessed a 20% increase in terms of volume and a 100% hike in usage. Whereas, Gradeup has noted an increase of 25% to 45% users, with JEE and NEET courses gaining high tractions. LidoLearning has also witnessed a 25% hike.

Khan Academy, on the other hand, 130% year-on-year (YoY) surge between March 29 to April 5. In the same time period, the company has also noted a 1000% YoY increase in parents, 700% YoY increase in teachers and 450% YoY increase in students.

Monthly learning time on the platform in March increased by 50% YoY.  The company also noted that until last year, March was the month where the company would face a drop in usage due to term-end exams, boards and schools preparing for summer holidays.

Meanwhile, Vedantu highlighted that it adds over 50K paid users on its platform annually. However, the company has added 100K new users in just 10 days. Besides this, Vedantu is also noting a 42% user stickiness on the platform, compared to 54% of paid users.

The company also noted that there has been a high session attendance of 70% from the free users. Overall, the company has seen a surge of 52x in the number of users signing up till date, while it has noted a 10x growth since March 12.

The Bengaluru-based online tutoring startup has raised INR 96 Cr ($12.5 Mn) in an extended Series C funding round led by global investment firm Legend Capital. Vedantu’s existing investors Omidyar Ohana Holdings LLC also participated in the round.

Online open course platform Coursera, on the other hand, has noted a 325% YoY hike in new registration, 284% YoY in overall enrollment and 1747% hike in public health content in the last 30 days till April 3. Overall, the company has over 53 Mn registered learners worldwide, 2100 enterprise partnership and 4,100 active courses. In India, Coursera has 5.9 Mn registered learners.

K-12 learning startup Toppr has also noted a 100% growth in free user engagement in the last month. Meanwhile, growth in time spent on Toppr by students of senior classes (10-12) is double that of junior classes (6-9).

Read More: https://inc42.com/buzz/indian-edtechs-demonetisation-moment-online-learning-takes-off-under-quarantine/

#Edtech startup closes $7.5m series B round led by Ant Financial-backed BAce – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 4:40 PM on Wednesday, April 8th, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

Edtech startup closes $7.5m series B round led by Ant Financial-backed BAce

Miguel Cordon

  • Following a string of investments in Indian education startups this year, local edtech firm Lido Learning has announced the close of its series B round at US$7.5 million
  • The round pushes its total capital raised to US$10.5 million.

The capital injection was led by Ant Financial-backed BAce Capital, while new investors including Picus Capital and Paytm president Madhur Deora, along with several existing investors in Lido, also participated in the round.

Photo credit: primagefactory / 123RF

Launched in April 2019, Lido aims to provide a one-size-fits-all solution to education in India through interactive online tutorials. Every session has a maximum of six students to ensure that each child receives attention and personalized feedback.

Students are also given customized homework, remedial help, and challenges based on class performance. AD. Remove this ad space by subscribing. Support independent journalism.

With the new funds, Lido aims to extend its reach into the less populated towns in India and expand into more curriculum-focused subjects. Right now, its online coaching sessions are focused on math and science for Class 5 to Class 9 students – typically children who are 10 to 15 years old – across all major cities.

According to Lido’s founder and CEO Sahil Sheth, online tutorials are set to take off in India, owing to the country’s high-speed internet penetration. “And as more students and parents experiment with online learning in the current pandemic, the customer mindset is ready,” he added.

Lido is BAce Capital’s first edtech investment in India, and the move is part of the latter’s strategy to invest in early-stage companies in emerging economies, focusing on India and Southeast Asia.

Several other edtech companies have raised funds this year.

In January, Bengaluru-based InterviewBit secured US$20 million in a series A raise led by Sequoia India and Tiger Global. In contrast to Lido, InterviewBit offers computer science courses aimed at creating job-ready professionals. AD. Remove this ad space by subscribing. Support independent journalism.

WizKlub, another startup from Bengaluru, also raised nearly US$1 million in seed funding this year and looks to further enhance its AI-based product and expand to other markets.

More recently, Vedantu in February secured US$24 million in an extended series C round led by GGV Capital, pushing its total funding to US$85 million to date.

Source: https://www.techinasia.com/lido-closes-7m-bace

VIDEO – BetterU Education $BTRU.ca Emerges Out Of Trade Halt Stronger Than Ever $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 9:23 AM on Wednesday, April 8th, 2020

When a company’s trading gets halted for a prolonged period of time, it is more than likely a death knell.  For BTRU, it was a resurrection.  

Under intense scrutiny of its business by regulators already, CEO Brad Loiselle and his team undertook their own serious evaluation of the Company’s powerful but faltering B2C online education platform.  They realized they were in the right space and had superior technology to deliver online education ….. but they were in the wrong target market.  B2C quite frankly, has massive upside but it involves an enormous amount of heavy lifting to target and attract enough individual customers to become viable.  

As such, the Company decided to take its offering and really focus in on B2B instead.  And they didn’t just make the decision, they used the halt to tweak their software and reach out to hundreds of companies about how their superior offering could skill, reskill and upskill their workforces.  Before coming out of halt, they were already having serious conversations with serious organizations.  

And it doesn’t hurt when your existing clients include McDonald’s India, Central Bank of India and Indian Oil Corporation.  

With Easter just a couple of days away, add this resurrection story to your must watch list this weekend.

betterU $BTRU.ca closes deal with USA Paramount Staffing for their newly launched Ready-To-Go SaaS Enterprise skills development $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 9:14 AM on Wednesday, April 8th, 2020
  • Entered into an annual Software as a Service Enterprise agreement with one of the largest staffing firms in the USA, Paramount Staffing
  • Paramount, is a $200+ Million USD Staffing Firm, with over 300 employees across the USA and Canada
  • betterU, supported by many of their global education and assessment partners has been able to curate and integrate a Ready-To-Go content library across top subjects so that HR managers could provide simple access to their entire organization

OTTAWA, April 08, 2020 – betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OGA) (the “Company” or “betterU“) is pleased to announce that it has entered into an annual Software as a Service (“SaaS” or “Ready-To-Go”) Enterprise agreement with one of the largest staffing firms in the USA, Paramount Staffing (“Paramount”).

Earlier this year, betterU’s CEO Brad Loiselle met in Chicago with Paramount’s VP of Sales Anthony Hegarty and President Matthew Schubert to demo the Company’s SaaS Enterprise Ready-To-Go platform. Paramount, is a $200+ Million USD Staffing Firm, with over 300 employees across the USA and Canada and, like many organizations, were in search of learning and development resources and skills development tools that was cost effective, agile, mobile and scalable to help support their employees’ learning on the go. Many company’s Learning and Development managers often do not have the ability or bandwidth to bring together the content required to support all their departments and teams. betterU, supported by many of their global education and assessment partners has been able to curate and integrate a Ready-To-Go content library across top subjects so that HR managers could provide simple access to their entire organization.

“With betterU’s Ready-To-Go platform offering so much value-add for a very appealing monthly subscription cost per employee, it was a no brainer for us to work together as we train and develop our rapidly growing sales teams. Brad and his team have been incredible with their development work, turnaround time and innovative thinking on how to support us during these unprecedented times. We are excited about the many great things we will do together over the coming years,” said Tony Hegarty, Vice President Paramount Staffing.

Ready-To-Go, launched early 2020 and was developed to support corporate needs -in delivering and managing effective skills development. The base program, for only $19.95 per employee per month includes an assessment of an employee’s current skills and up to 4 learning paths per month per employee, broken into microlearning programs to support and reinforce on-demand learning. Each month the employee is reassessed to determine their improvements in their skills gap and their learning path is adjusted accordingly. In addition, employers can use Ready-To-Go to support orientation programs, onboarding, policy and procedure updates and more customized solutions to meet their unique needs and challenges.

“Our team has been working closely with our global education partners to build a solution that focuses on employee’s skills development rather then simply selling courses. With Ready-To-Go we are focused on providing only what an employee needs to support their corporate requirements. This approach creates better results, while saving money and time,” said Brad Loiselle, President, CEO betterU.

About betterU Education Corp.

betterU is an education-to-employment technology company offering an end-to-end solution leveraging business intelligence to automate skilling, reskilling and upskilling for companies operating on domestic and global scales. If you are looking for support in regards to COVID-19, please visit https://readytogo.betteru.ca/ to download your free COVID-19 Resource Toolkit.

betterU has integrated into its platform the content, technology and support for tailored skills assessments, learning pathways and training modules from 100+ of the world’s leading online education providers. betterU’s eco-system includes detailed job, skill, employer, and educational profiles spanning 3,000+ standardized jobs. betterU’s integrated platform is the most efficient solution to address evolving skilling challenges for employers and employees through the employment lifecycle from entry level to executive. We don’t sell content, we help build better people. 

About Paramount Staffing

Paramount Staffing has created a strong reputation providing industrial staffing services for a wide variety of businesses. Their success is their ability to incorporate top performancing teams at their locations with a focus on the industrial sector of the market.

Paramount Staffing believes in working closely with clients, learning their long-term vision and long-term strategies. These strategic relationships allow Paramount Staffing to take full responsibility for both short and long-term staffing needs. The company’s complete focus on the industrial client makes them different from other companies who do not specialize. This focus allows Paramount Staffing to have dedicated team members who are trained, knowledgeable, and fully prepared to assist you in your recruiting needs.

For more information, please visit https://corporate.betteru.ca/corporate-gov/

For more information about betterU’s Enterprise SaaS Program please visit https://readytogo.betteru.ca/

Contact:

Brad Loiselle, CEO
1-613-695-4100

betterU Education Corp.
Investor Relations
Email: [email protected]

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.

#COVID19 propels growth of #Edtech, #upGrad, #BYJU”s see strong rise in learner base – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 9:00 PM on Tuesday, April 7th, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

COVID-19 propels growth of ed-tech, upGrad, BYJU”s see strong rise in learner base

  • Ongoing economic slowdown has made working professionals somewhat skeptical of the job environment in 2020, and they are therefore looking at upgrading their skills and staying ahead in the professional spheres
  • BYJU”S, which is backed by investors like Tiger Global, has witnessed a 150 per cent increase in the number of new students, with over six million new students joining the app in the month of March

New Delhi, Apr 7 (PTI) COVID-19 has spelt disaster for many sectors but one segment witnessing strong growth is ed-tech that has seen individuals – both school students and professionals – taking up online courses to study and enhance their skills amid the ongoing lockdown.

BYJU”S, which is backed by investors like Tiger Global, has witnessed a 150 per cent increase in the number of new students, with over six million new students joining the app in the month of March.

The company has recently introduced free ”Live Classes” on its platform to support students in their learning journeys.

Similarly, upGrad – which offers online programmes for working professionals – has on boarded 4,000 learners in March, and now aims to double this to 8,000 in April.

The ongoing economic slowdown has made working professionals somewhat skeptical of the job environment in 2020, and they are therefore looking at upgrading their skills and staying ahead in the professional spheres.

Swathi Karanth, a learner from Bengaluru who enrolled on upGrad, said his concern when the lockdown was announced was whether he will have a job in the next three months.

“I was told most companies would really tighten their belt over the next six months and only the better performers will survive,” he added.

The government, on March 24, had announced a complete lockdown in the country for 21 days to contain the spread of the coronavirus infection.

While schools are shut, many of them have started conducting online sessions to ensure students do not get impacted.

Similarly, many professionals have been asked to work from home to ensure business continuity. This also presents a growth opportunity for ed-tech platforms that can offer short-term courses to these professionals to help them enhance their skills.

According to Debjani Ghosh, president of Nasscom, coronavirus has thrown up “exceptional challenges” across the world and industries.

“While we continue to fight these challenges as a nation, amidst lockdown and remote working scenarios, it is extremely important that we continue harnessing our skill sets on emerging technologies to become future ready…we would encourage all stakeholders to use this opportunity of working from home to upskill themselves in the skills of the future,” she added.

The industry body has partnered Electronics and IT Ministry to launch an on-demand courseware on artificial intelligence.

Similarly, TCS iON, a strategic unit of India”s largest IT services firm Tata Consultancy Services, has announced a free, 15-day self-paced digital certification programme that has been specially designed for college students/working professionals to enhance their career skills by helping them effectively utilise the time at hand during this period of lockdown. PTI SR SHW SHW

Source: https://www.outlookindia.com/newsscroll/covid19-propels-growth-of-edtech-upgrad-byjus-see-strong-rise-in-learner-base/1794764

INDUSTRY BULLETIN: Why #Edtech Is Becoming Investors’ Delight – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 8:59 AM on Monday, April 6th, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

Why Edtech Is Becoming Investors’ Delight

E-learning has a considerable potential to improve the quality and effectiveness of traditional education.

  • Globally, the interest in edtech-based apps and websites, particularly e-learning, is on a rise
  • Nowadays, both students and teachers know the need for advanced learning solutions
  • There are many unexplored opportunities, despite the many advancements made in the edtech sector

Neetin Agrawal Founder, Dronstudy

Since decades, the Indian education system has largely remained unchanged—teachers have kept the wheels turning using the same age-old tools until the dawn of education-technology based start-ups. With an array of innovations happening in every sector, education has not remained untouched; rather, it is evolving holistically. Today learning has expanded beyond the four walls of a classroom or the traditional teacher lecturing and students taking notes method.

Now, learning involves the use of a variety of resources and methodologies, such as pre-recorded lectures in regional languages, online classrooms, audio and video material, interactive learning exercises and interactive books. E-learning has a considerable potential to improve the quality and effectiveness of traditional education.

Culturally speaking, Indian parents are considered highly invested when it comes to their child’s education and willingly spend money on giving their children the best education as per their ability. Traditional educational institutions are unable to keep up with the pace of changing educational needs, thereby providing ample opportunity for edtech start-ups to explore this ripe market, which has a massive untapped potential.

A Billion Dollar Industry

Globally, the interest in edtech-based apps and websites, particularly e-learning, is on a rise. Nowadays, both students and teachers know the need for advanced learning solutions. There are many unexplored opportunities, despite the many advancements made in the edtech sector. Augmented and virtual reality-powered educational apps are still at their nascent stages. E-learning aids have also received a tremendously positive response from investors who realize the massive amount of unexplored opportunities in the educational-technology industry. 

The iGeneration Is All about Technology

For the modern generation, information technology is increasingly redefining the face of contemporary education. E-learning is expanding the reach of education to the remote parts of India, where anyone with a smartphone and an Internet connection can be a part of a virtual classroom or explore the realms of full-time to part-time skill-based online courses. Edtech is keenly attracting the attention of investors, along with those associated with the educational sector.

Life-long Learning Has Become a Necessity

Concepts, technologies and information—they seem to be becoming obsolete at a shockingly fast pace. What the students are learning today in school may become outdated by the time they graduate. From medicine to architecture—everything is evolving at a breakneck pace. Micro-learning has become a necessity—the only way to survive in the professional world is by upgrading one’s skills routinely. The edtech industry shows promising potential as businesses are also increasingly encouraging their employees to enhance their skills to keep up with automated processes at work and global markets.

Emerging Trends in E-Learning

Tech innovations such as augmented and virtual reality, artificial intelligence, 3D technology and robotics are showing real and tangible benefits by significantly reducing the cost of education, breaking down geographical barriers, and encouraging a goal-driven educational model over the conventional curriculum. Mobile learning is becoming a part of the educational system, be it at educational institutions or home, we now have access to education on the move. Mobile devices are no more being used just for entertainment or business; they are no more a distraction from learning, rather an integral part of it.

Edtech companies are effectively combining the power of technology and the thirst for knowledge to provide a highly scalable educational system. These factors, coupled with the increasing penetration of smartphones and low-cost Internet, is allowing edtech companies to scale expeditiously fueled by astute investors who know the importance of high-quality education at affordable prices.

Source: https://www.entrepreneur.com/article/348700

INDUSTRY BULLETIN: #Edtech pioneer #Vedantu throws open #21DayLearningChallenge during the lockdown – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 11:28 AM on Friday, April 3rd, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

Edtech pioneer Vedantu throws open #21DayLearning during the lockdown

  • Vedantu is encouraging everyone to keep themselves engaged and motivated while learning a new skill right at their homes
  • While Vedantu is offering free LIVE classes for students belonging to standards 1-12, JEET and NEET from the safety of their home, it is taking learning to a new level by encouraging people to challenge themselves and acquire a new skill

By India Education Diary Bureau Admin

New Delhi: Vedantu, a pioneer in LIVE online tutoring in India has unveiled the #21DayLearningChallenge involving social media influencers from various walks of life including Hrithik Roshan, Shikhar Dhawan, Sania Mirza, Jannat Zubair to convey a message of learning should never stop & that it can be continued from the safety of the home. While India braces itself towards the second week of lockdown, these personalities are trying to learn a new skill and make the most of the self-isolation period. While Hrithik’s Instagram post where he is learning the piano is trending, Sania is attempting to bounce the tennis ball on the frame of her tennis racket and Shikhar Dhawan is mastering the art of juggling three balls. Inspired by Vedantu’s 21 Day Learning Challenge, these influencers are throwing open the challenge for others to learn something new and post their experience on social media. 

With this unique initiative, Vedantu is encouraging everyone to keep themselves engaged and motivated while learning a new skill right at their homes. While Vedantu is offering free LIVE classes for students belonging to standards 1-12, JEET and NEET from the safety of their home, it is taking learning to a new level by encouraging people to challenge themselves and acquire a new skill. Anyone can take up this challenge by learning any soft skill be it painting, play a musical instrument, learning a new sport, cooking or even a new trick. 

Vamsi Krishna, CEO and Co-Founder, Vedantu said, “Vedantu has always envisaged to transform the face of learning in India through LIVE online classes. We are constantly striving to create new consumer experiences and build intangible value. With this #21DayLearningChallenge, we want to make Vedantu synonyms for overall learning and not just academic learning. As the pioneer in LIVE, online learning we are committed to ensure that India’s learning won’t stop. There’s always a silver lining to any situation and here’s an opportunity to make the most of our free time by engaging in something meaningful that inspires others.” 

Shivani Suri, Chief Marketing Officer, Vedantu said, “We are delighted to collaborate with inspiring individuals from all walks of life for our 21-day learning challenge. This initiative is an echo of Vedantu’s conviction that India’s learning won’t stop, and we are extending this to everyday life. In times as such it’s important we stay positive, stay home & keep on learning! So, go ahead and challenge yourself as well as others to learn something fun all from the safety of your home!” 

To participate in the 21-day learning challenge, take a picture or make a video of what you’ve learnt new today. Share it with us on our Instagram handle @vedantulearns with the hashtags #21DayLearningchallenge #LearningWontStop 

Vedantu is offering support to students, parents and schools across to provide Free access to its complete learning platform. Vedantu is providing Free access to all LIVE classes & Premium Courses with Vedantu Master Teachers, Study Material, Tests & Assignments, LIVE Doubts feature during this outbreak, where students & parents can be rest assured as they can continue their learning from the safety of their homes. Vedantu’s vision is to make the best quality education accessible to everyone and is committed to help students have uninterrupted learning. Vedantu’s LIVE classes can be easily accessed at home from your Mobile, Desktop & Tabs.

Source: https://indiaeducationdiary.in/edtech-pioneer-vedantu-throws-open-21daylearningchallenge-during-the-lockdown/

The Past, Present And Future Of #Edtech Startups – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 11:21 AM on Wednesday, April 1st, 2020

SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. 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 ecosystem. betterU / Ottolearn launch FREE COVID-19 mobile resource toolkit to fight the global crisis – Click here for more information.

The Past, Present And Future Of Edtech Startups

  • Between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India

By: Shanthi S

An analysis of China’s current state of startup ecosystem will have very few but clear winners, one of which is the edtech sector. In India too, with the nationwide lockdown, there is a sudden surge in demand for edtech startups even as others are struggling to find a way out. Ecommerce and edtech are two sectors that may survive this rock phase, say experts.

However, as of now, it will not be wrong to say that edtech is yet to gain mass traction. Despite the launch of 4,450 edtech startups in the country, India has only one unicorn in the sector, BYJU’s, with a $5.7 Bn valuation. In fact, as we have mentioned in our earlier reports, BYJU’s also had to spend a good ten years to reach the valuation. The startup worked in stealth mode from 2011 to 2015 and the app was launched only in 2015.

For new entrepreneurs in the space, staying afloat has been all the more difficult. There is still a lack of warm reception for tech in India and many other countries. What a classroom can offer in terms of interpersonal skills, is something tech may not be able to replace, say educational experts.

“In our view, the failure rate for edtech startups is comparable with any other sector. Given that education is a high-involvement category and a career-affecting service, tech adoption is usually lower compared to other services and products. Hence, edtech startups can take more time to scale up than in some of the other categories,” Pranjal Kumar, CFO and head of education fund at Bertelsmann, told us earlier.

Funding And M&As In Edtech

According to DataLabs by Inc42, between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India. However, 25% of startups have shut shop while only 4.17% of startups have raised funds. BYJU’s grabbed 65% of the total funding in edtech startups. The startups are, till date, finding it difficult to create a steady revenue stream.

Role Of VCs

To a great extent venture capitalists (VC) are playing an important role in helping the startup ecosystem, including edtech, largely considered futuristic. “VC investments have often been likened to rocket fuel or running on a treadmill. When we come in and invest we want to see you grow 5x over the next 15-18 months and keep that momentum going after each round of financing,” said Sajith Pai, Director, Blume Ventures.

The VCs who have been supporting BYJU’S, Vedantu, Toppr and others in the Indian edtech industry to scale-up businesses would be as below:

  • Blume Ventures: Blume has made six investments in edtech at pre-series A and seed stage. The investments have been in an array of segments within edtech including online test-prep, gamified learning, B2B white label apps for coaching classes and others.
  • Sequoia Capital: Known to be very active in the fintech segment, with 13 deals in 2019, Sequoia grabbed 10 deals in the edtech sector in 2019.
  • Omidyar Network: The VC firm makes equity investments in early-stage enterprises and provides grants to nonprofits in education and others.
  • Nexus Venture Partners: The venture fund has backed startups such as Unacademy, Quizizz, WhiteHat Jr among others
  • SAIF Partners: Toppr and Unacademy are some of the key investments by the VC in the Indian edtech market so far
  • Accel Partners: They have invested in startups including Edupristine and Vedantu
  • InnoVen Capital: The two prominent companies funded by InnoVen India include BYJU’S and Eruditus

Other than the above, Helion Venture Partners, Indian Angel Network (IAN) and India Educational Investment Fund are some of the prominent funds in the sector.

Mergers & Acquisitions 

The edtech ecosystem also saw Initial Public Offering (IPO), and mergers and acquisitions, the two of the most common exit strategies in any startup ecosystem. As per DataLabs’ The Future Of India’s $2 Bn Edtech Opportunity Report 2020 between 2014 and 2019, a total of 35 edtech startups underwent merger or acquisition. The report also states that the Indian edtech startup ecosystem has seen the participation of 28 active acquirers, 54% of which hail from the education technology sector itself.

Source: https://inc42.com/features/the-past-present-and-future-of-edtech-startups/