Why Indonesian edtech major Ruangguru is going viral for the wrong reasons, and a Singapore-based fintech firm’s green goal
Zuoyebang offers live-steaming classes as well as other remote study services to more than 170 million monthly active users throughout China
The IPO could happen as soon as second half of 2021.
Class, an edtech startup that integrates exclusively with Zoom to make remote teaching more elegant, has raised $12.25 million in new financing. The round brings Salesforce Ventures, Sound Ventures and Super Bowl champion Tom Brady onto its capital table. CEO and founder Michael Chasen said that Marc Benioff, the CEO of Salesforce, approached the company […]
Binar Academy plans to use the fresh funds to develop its technology education offerings and to hire content creation experts.
The company said it will invest the fresh funds in product and technology development, hiring, and marketing.
Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. The team sensed that remote learning would permanently change how students want to be tutored and decided to focus completely on its app, which launched in August […]
Ruangguru said it has driven significant growth in user volume and revenue throughout 2020, its first financial year of profitability.
Although MNCs and businesses worldwide have been quick to adapt to the lockdown due to the pandemic, it has been quite taxing for the education sector.It is apparent that the traditional ways of conducting lectures will not help in these challenging times.SARS-CoV-2 has given rise to various opportunities, in terms of the growing need to improve the education infrastructure.A number of EdTech vendors are seeing the novel coronavirus as an opportunity to encourage schools and colleges to come on the digital platform.Smart education system has become the latest norm, with various tertiary institutions, workforce training and schools adopting the latest technologies such as smart lecture capture system for collaborative technologies, better learning programs, online learning sources and digital learning resource, to name a few.For instance, in June 2020, Sonic Foundry launched its latest app called Mediasite Mosiac that helps monitor and capture recordings from Microsoft Teams, Zoom, and other web and video conference systems coupled with create video communications.The surge in collaborations between educational content vendors and hardware firms, technological evolvements, rising popularity of distance education and the rise in government initiatives have also been favorable for the global market.Regional Study The smart lecture capture system market share is spread across North America, Asia Pacific/APAC, Europe, and RoW or Rest of the World.The North American market for smart lecture capture system has emerged as the most profitable, thanks to the high uptake of handheld devices, frequent technological development and the fast consumption of advanced and new technologies.
Learning Platform – It is an integrated solution for administration, delivery, tracking, and documentation of academic courses and training programs.Collaboration EdTech tools allow greater collaboration and interaction between teachers and students in an e-learning environment.Gamification Solutions – Gamification introduces game elements to make learning more interesting.It uses things like point systems, badges, achievement targets, etc.to make learning fun and at the same time achieve the learning goals.Time Tracking and Performance Measurement – Schools and teachers can track a student’s attendance, assignments, and projects.Tests and exams can be conducted and evaluated.Detailed analytics can be measured and analyzed as well.These steps will facilitate a good launch of an EdTech business.Also on top of your unique Idea Udemy clone, Duolingo clone, etc also should be checked.
Close to 60 limited partners, including Prasanna Sankar, co-founder of employee management unicorn Rippling; Lachy Groom, former executive of payments major Stripe; Ankur Nagpal, founder and chief executive officer (CEO) of edtech startup Teachable, invested in iSeed II
UpGrad is in advanced talks to raise over US$100 million from Temasek and International Finance Corporation.
The new Indian edtech firm is expected to offer a mix of programs for professionals and higher education aspirants.
Education is one of the most traditional industries and it is changing nowadays.Classrooms with a teacher and students don't represent education anymore.The learning process now tends to leverage EdTech solutions like online classes, learning management systems, and others to make education more effective and accessible.But how will modern technologies change the way of teaching?Here at MindK, we did research and found out modern trends which will drive the education sector in 2021.
Impact of the pandemic on educationThe number of children and adults not attending schools or universities due to the COVID-19 outbreak is skyrocketing.Governments around the world have decided to close educational institutions to contain the global COVID-19 pandemic.More than 100 countries have implemented nationwide school closings, affecting more than half of the students in all, according to UNESCO.During a pandemic, access to technologies became difficult and, as a result, the quality of their education deteriorated.Don't forget about the disadvantages of distance learning for teachers.The inability to effectively measure the learning process leads to the fact that teachers cannot fully tell whether their students have mastered the material and how effective the distance education process is.What is EdTech and why it is importantAccording to Investopedia, EdTech (a combination of "education" and "technology") refers to hardware and software designed to enhance teacher-led learning in classrooms and improve students' education outcomes.But in reality, this concept is much broader: it unites all ways of using technology in the educational process - from interactive blackboards to virtual reality simulators for modelling surgical operations.If schools don’t use this method of teaching lessons, but only send materials by email with regular checking of homework, then video calls will become an indispensable assistant if a student needs individual lessons.Tools for interactionEdTech apps like Classroom.Cloud provide teachers with tools to collaborate in the classroom, monitor interactions with their students, and provide support.
It is no longer a secret, that the EdTech industry is gaining popularity.Education was always considered as one of the most traditional and conservative industries, but the 21st century made us the witnesses of technological revolution, which increased the interest in the digitalization of many processes – education is no exception for it.The world pandemic and its consequences triggered many people to start exploring new ways of learning, and businesses in turn – opportunities to cover education needs.As a result, the EdTech sector is becoming a global phenomenon, which shows significant growth and interest from both learners and investors.If you are about to invest in educational technology, it’s high time to do it.But before building the business around your product, let’s have a look at the global EdTech landscape.Read here
The company will also launch its international learning platform in the US, UK, Australia, Brazil, and Mexico by May this year.
An Indian edtech startup’s bold ambitions, and Flash Coffee’s plans to hire 2,000 employees after scoring US$15 million
Byju’s plans to expand to international markets in the second half of next month as the Indian edtech giant, valued at over $13 billion, looks to accelerate its growth, TechCrunch has learned and confirmed. The Bangalore-based startup, which acquired 33-year-old tutor Aakash for nearly $1 billion earlier this week, plans to launch in the U.S., UK, […]
This growing edtech startup from India aims to change how working professionals experience higher education and lifelong learning in Southeast Asia.