After a tremendous success of Byju, an Indian education technology enabled startup counted as one of the largest, Capital vendors’ interest inclined more towards edutech startups.
Next emerging educational technology called Testbook and Eruditus raised a significant amount of funds that will serve witness to their interest.
Byju gets $30 Mn
Byju, Think and Learn Pvt. Ltd, talk about their first round of funding of $30 million from the Verlinvest (based on Brussels family).
Matrix Partners also invests in edutech startup, Testbook
While In our earlier article, it was already mentioned that Testbook, Edtech Startup has got investment from Matrix partners, the very next announcement by Matrix partners India about their hidden investment in education technology startup called Testbook to wonder about the truth that investors are leaning towards edutech space.
Eruditus acquired $8Mn from Bertelsmann
When counting for emerging educational technology driven startups, Eruditus can never be ignored. It also raises a fund of $8 million from Bertelsmann. In its announcement, Eruditus executive of education programmes conveyed that USD 8 million (Rs 52.36 crore) of funds has been raised from its second round of funding (series B funding) from the investor Bertelsmann India Investments (BII).
The startup is keenly looking for a prospective success through perfect utilization of these funds and intends to intensify its relationship with Ivy League by spreading remarkable footprints all over the world.
Cofounders seek to consolidate some business schools
In this context, cofounder of the company Chaitanya Kalipatnapu and Ashwin Damera take their steps forward and consolidate with some of the top business schools including Harvard Business School, Tuck, Wharton, etc. Company’s foremost concern behind this activity is to welcome their professional development programs in India, Middle East, as well as in Asia.