DEBORAH QUAZZO
Amazon’s Bazaar to challenge Meesho; AI & edtech
Amazon has started onboarding sellers from across the country and is asking them to list unbranded products, priced at Rs 600 or less. The platform will offer products like apparel, watches, shoes, jewellery and luggage.
When Byju’s made its presence felt, in absence; and other top stories this week
Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.
Ronnie Screwvala meets edtech founders to discuss impact of Byju's controversy
The founders aimed to change the narrative around edtech, shifting it away from being seen as a 'predatory space' to highlighting its positive aspects, according to a founder.
RBI diktat on commercial card payments; Google eyes WhatsApp Business territory
India’s central bank has asked Visa and Mastercard to stop card-based commercial payments made by corporations. This and more in today’s ETtech Top 5.
Edtech sector needs change with frugality: Ronnie Screwvala
Many entrepreneurs prioritise raising funds as their first step, when it should actually be fifth on their list of priorities, the executive chairman and cofounder of edtech firm UpGrad said at an event in Gurgaon.
Post Byju’s, investors worried about governance at startups: GSV Ventures' Deborah Quazzo
GSV Ventures has backed Indian edtech unicorns including Eruditus, Lead, PhysicsWallah as well as startups like Classplus. Deborah Quazzo also spoke about the lack of equilibrium between edtech founders and investors on valuations, which is delaying fundraises in the sector.
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Oyo may pause IPO plans; GSV Ventures' Deborah Quazzo on Byju's and edtech
Oyo's initial IPO attempt hit a snag in January 2023 when the regulator sent its papers back for revisions. Following this, the SoftBank-backed company resubmitted a toned-down version, aiming for a much smaller offering through a confidential filing. Oyo was among several companies asked to adjust their IPO plans.
US fund cuts edtech Eruditus’ valuation by 9% to $2.9 billion
The markdown has translated to a valuation of about $2.9 billion as of March 31, 2023, a drop from $3.2 billion in August 2021, a price at which the Mumbai-based startup had last raised equity-based capital from investors.
Upskilling companies see brisk business as K-12, test prep stall
Upskilling startup founders told ET that they are expecting to clock a strong rate of growth in the ongoing year even as a funding crunch has set in the broader edtech sector.
Edtech: M&A talks gain momentum amid a prolonged funding crunch
Even as the winter recedes from the capital, the chilly undercurrent of the funding winter was palpable at the GSV Emeritus India Summit, organised earlier this week at Gurugram, which saw participation from executives representing edtech startups and investors from across the country and overseas.
Ted Sarandos says Netflix is heavily invested in India; EV two-wheeler sales may miss targets
Netflix co-CEO Ted Sarandos told ET that the immediate priority for him is to focus on growth while creating new products after an eventful 2022 for the company. Stating that Netflix has gone beyond just wanting to be like HBO, Sarandon said it is similar to Thali in India – a little bit of everything.
Funding crunch healthy for startups as it’ll bring profitability to the fore: GSV’s Deborah Quazzo
Deborah Quazzo told ET during an exclusive interaction that the pace of investments has slowed down in both the US and India and is likely to remain muted for the rest of the year at least.
Edtech firm AntWalk raises $7.5 million in funding led by GSV Ventures
AntWalk will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D, and expand the sales and marketing team to widen its customer base
The rise of startup advisors and micro ecommerce sites
Homegrown startups such as Zoomcar and Wakefit.co are hiring top talent from India and around the world to help them unlock the next level of growth.
Startups bring in industry veterans as advisors to help scale up
Demand for such advisors in the startup ecosystem has soared three to four times since pre-Covid levels, executive search firms have said.
Edtech startup Classplus raises $65 million from Tiger Global, others
Edtech startup Classplus will use the funding from Tiger Global for expanding its product line, building more products for the educator community and expanding its engineering team, co-founder and CEO Mukul Rustagi says.
Edtech startup CoLearn gets $10 million in Series A funding
The CoLearn funding from investors Alpha Wave Incubation and GSV Ventures comes at a time when the Indonesia-focused edtech startup is looking to build presence in the world’s fourth largest education ecosystem.
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