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BetterU Education Corp. $BTRU.ca – U.S.-Based Online Learning Leader Udemy Enters India $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 9:40 AM on Monday, March 18th, 2019
SPONSOR:  Betteru Education Corp. Connecting global leading educators to the mass population of India. BetterU Education has ability to reach 100 MILLION potential learners each week. Click here for more information.
BTRU: TSX-V

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U.S.-Based Online Learning Leader Udemy Enters India

  • Udemy, the global marketplace for learning and teaching online with over 30 million students and 42,000 instructors worldwide, announced today expanded operations in India with an employee hub in Gurgaon.
  • India is one of the company’s fastest growing markets, with revenue and students doubling year-over-year.

NEW DELHI–Mar 18, 2019–Udemy, the global marketplace for learning and teaching online with over 30 million students and 42,000 instructors worldwide, announced today expanded operations in India with an employee hub in Gurgaon. India is one of the company’s fastest growing markets, with revenue and students doubling year-over-year. A local presence will enable Udemy to continue enhancing and localizing the student and instructor experience.

Founded in 2010, Udemy is an online learning destination that helps individuals, companies, and governments gain the skills they need to compete in today’s global economy. Built on the premise that not all teachers are found in traditional classrooms, the platform allows experts everywhere to develop courses on thousands of topics and share their knowledge with the world. Students learn the most current and in-demand skills from public speaking to mindfulness to the newest programming languages and marketing strategies.

“Udemy’s rapid growth in India shows us the level of demand from students, instructors, and companies for affordable skills training,” explained Gregg Coccari, Udemy CEO. “We are dedicated to our mission of improving lives through learning and expanding in India enables us to deliver on that promise.”

While the Udemy marketplace serves the needs of individuals looking to upskill, Udemy for Business is specifically designed for organizations, including business leaders such as Booking.com, Publicis Sapient, Pinterest, and Adidas, looking to continually invest in their workforces. This subscription-based product offers 3,000+ of the highest-rated technical and business courses, as well as learning analytics and an easy-to-use platform to create and distribute content to their own teams.

Udemy courses are in over 50 languages that can be viewed on the web, on a mobile device, Apple TV, and through Chromecast. In addition, Udemy students are able to download and view the courses offline, as well as change video quality for low-bandwidth environments.

About Udemy

Udemy is the online learning destination that helps students, companies, and governments gain the skills they need to compete in today’s economy. More than 30 million students learn from 42,000 instructors teaching 100,000 courses in over 50 different languages. Whether learning for professional development or personal enrichment, students everywhere can master new skills through self-paced, on-demand courses, while experts have a way to share their knowledge with the world. For companies, Udemy for Business offers subscription access to 3,000+ business-relevant courses, powerful learning analytics, as well as an easy-to-use platform to host and distribute their own content in one central place. We also offer Udemy for Government, a highly customizable learning platform designed to upskill workers across nations and prepare them for the jobs of today and tomorrow. Udemy is privately owned and headquartered in San Francisco with offices in Denver, Ireland, Turkey, and Brazil.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190317005007/en/

CONTACT: Romina Eberle

Director of Global Communications

[email protected]

Source: http://www.businesswire.com/news/home/20190317005007/en

Betteru Education Corp. $BTRU.ca – Sequoia India Led $40 Mn Series C Funding Round In #Edtech Company Eruditus $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 8:52 AM on Friday, January 11th, 2019
SPONSOR:  Betteru Education Corp. Connecting global leading educators to the mass population of India. BetterU Education has ability to reach 100 MILLION potential learners each week. Click here for more information.
BTRU: TSX-V

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Sequoia India Led $40 Mn Series C Funding Round In Edtech Company Eruditus

  • Existing investor Bertelsmann India Investments also participated in the round
  • The funding will be used to increase its course offerings in technical subjects
  • It also plans to expand its multilingual offerings

Edtech company the Eruditus group which runs Eruditus Executive Education and its online division Emeritus has raised $40Mn (INR 281 Cr) in a Series C funding round which was led by Sequoia India. The round also saw participation from existing investor Bertelsmann India Investments.

The company will use this funding to increase its course offerings in technical subjects such as data science, machine learning, blockchain and cybersecurity. It also plans to expand its language offerings to include Portuguese and Mandarin, in addition to English and Spanish.

“We will use the proceeds of this latest fundraise to create a more immersive and adaptive learning platform, to expand our multilingual capabilities, and to ensure that our omnichannel offerings are readily available to our students on-the-go,” said Ashwin Damera, cofounder of Eruditus and director at Emeritus.

Eruditus: Targeting A 10X Hike In Student Enrollment

Eruditus, founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, provides executive education programmes in association with global business schools such as MIT, Columbia, Harvard Business School, INSEAD, Tuck at Dartmouth, Wharton, UC Berkeley and London Business School.

These programs are held for six to eight months and can be available via on campus, off campus and online modes.

Related Article: Edtech Startup Eruditus Secures $8.16 Mn Series B From Bertelsmann India Investments

The company is looking to enroll 30K students from more than 80 countries in the current financial year. It also aims to increase its enrollment by more than 10 times within the next five years across certificate courses and online degrees.

Eruditus had earlier raised $8.16 Mn (INR 57.4 Cr) in a Series B funding round led by Bertelsmann India Investments in 2017. Earlier in July, it had raised $2.2 Mn (INR 16 Cr) in a debt financing round from Innoven Capital.

Edtech Funding In India

The edtech sector has been recently gaining popularity among the investors. In 2017, edtech witnessed a 30% hike in terms of investments with international funding touching a new record of $9.52 Bn (INR 67,010 Cr).

Last month, Hyderabad-based edtech startup Toppr has raised funding of $35 Mn (INR 246.13 Cr) from Kaizen Private Equity and existing investors SAIF Partners, Helion Ventures, Kaizen PE and Eight Roads Ventures.

Edtech unicorn BYJU’S raised $540 Mn (INR 3,800 Cr) in Series F funding from Canada Pension board’s investment arm CPPIB Investment Board Private Holdings, Naspers Ventures BV and General Atlantic Singapore TL Pvt Ltd, boosting its valuation to $4 Bn (INR 28,155 Cr).

According to a report by the India Didactics Association, the online education industry in India is projected to grow almost eight times to hit $1.96 Bn (INR 13,795 Cr) by 2021. It also added that the number of paid users in the segment is expected to grow six-fold to reach 9.6 Bn by 2021.

A report by Google-KPMG said that reskilling and online certification courses accounted for about 38% of the total online education market as of 2017.

Source: https://inc42.com/buzz/sequoia-india-led-40-mn-series-c-funding-round-in-edtech-company-eruditus/

Betteru Education Corp. $BTRU.ca – Indian e-learning startup Byju’s eyes US deals after raising $540m

Posted by AGORACOM-JC at 9:52 AM on Monday, January 7th, 2019
SPONSOR:  Betteru Education Corp. Connecting global leading educators to the mass population of India. BetterU Education has ability to reach 100 MILLION potential learners each week. Click here for more information.
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Indian e-learning startup Byju’s eyes US deals after raising $540m

  • Indian online tutorial startup Byju’s, which recently received $540 million in investment from South African fund Naspers and the Canada Pension Plan Investment Board, has begun talks with four or five U.S. peers toward an acquisition to speed its global expansion.

World’s most valuable education tech unicorn has global expansion plans, CEO says ROSEMARY MARANDI, Nikkei staff writer January 04, 2019 14:22 JST

MUMBAI — Indian online tutorial startup Byju’s, which recently received $540 million in investment from South African fund Naspers and the Canada Pension Plan Investment Board, has begun talks with four or five U.S. peers toward an acquisition to speed its global expansion.

The world’s top education technology unicorn, valued at $3.8 billion, seeks to finalize a deal within six months, using part of the money from its recent fundraising round, founder and CEO Byju Raveendran told the Nikkei Asian Review in an interview.

Byju’s wants to make an acquisition “that will eventually help us launch in a new market,” Raveendran said. “We are also looking for products that will have a global offering because we don’t know today which country we want to launch in.”

The company also is considering tie-ups with, as well as acquisitions of, content distribution companies for its platform.

“If both can come together, nothing like it, but there are not many options where you get a good product offering and a significant amount of reach,” the CEO said.

Byju’s, formally known as Think & Learn, has seen rapid growth in India, where it has reached 2 million paid subscribers and over 30 million general users.

The company, which began as a provider of preparation for competitive exams such as the GMAT and GRE, also enjoys backing from investors such as Chinese internet giant Tencent Holdings, Facebook founder Mark Zuckerberg’s multibillion-dollar philanthropy venture and the World Bank Group’s International Finance Corp. Together, they have invested around $800 million in several rounds of funding.

Byju’s doubled its revenue over the past three years and expects to triple the amount to 15 billion rupees ($209 million) during the fiscal year that ends in March.

  Byju’s founder and CEO Byju Raveendran is eager for a U.S. deal that would mark the startup’s fourth acquisiton since it began in 2015. (Photo by Rosemary Marandi)

By the July-September quarter, Byju’s will make its app available in the U.S. and some Commonwealth countries such as the U.K., Australia and New Zealand to test its traction in these markets.

The startup will introduce its signature high-production-value videos and content — which simplify subjects such as math and science for Indian students as young as kindergarten age — for 5- to 8-year-olds in these countries.

Byju’s has brought in teachers from across English-speaking countries to record videos in its studios in Bangalore. These teachers are chosen from popular educators on YouTube, and Byju’s is hoping their fans will follow them to its learning app.

Byju’s “has aggressive plans for international market expansion and will make bold investments in technology that will help to further personalize learning for students,” according to the company.

A U.S. deal would mark Byju’s fourth acquisition since its launch in 2015. In July, the unicorn acquired Bangalore-based education startup Math Adventures for an undisclosed amount. The team of Math Adventures now forms a part of Byju’s content and research and development team.

In 2017, it acquired two companies, TutorVista and Edurite, from London-based education group Pearson, the former owner of the Financial Times. It also bought student assessment platform Vidyartha that year.

Other Indian e-learning startups are moving beyond the country’s borders to boost their revenue.

Education technology startup Mindler, for instance, is already present in five countries, including Russia and Singapore. Fellow startup Aspiring Minds has entered countries such as China and the U.S., while Xseed Education is present in the Philippines, Singapore and the Middle East.

These startups believe in the fitness of their products to attract markets abroad.

According to a study by Google and accounting group KPMG, India’s online education industry is expected to grow eightfold to $1.96 billion by 2021, with the number of paid users rising sixfold to 9.6 million from 1.6 million now.

Source: https://asia.nikkei.com/Business/Startups/Indian-e-learning-startup-Byju-s-eyes-US-deals-after-raising-540m