ONLINE TEST PREP
Unacademy launches app to learn Spanish; Indian languages to follow
Unacademy's chief executive, Gaurav Munjal, announced in a post on the microblogging platform X (formerly known as Twitter) that their new app has surpassed 10,000 users and 100 paid customers. With over 5,000 downloads on the Google Play Store, the app is set to compete with the language learning app Duolingo.
What's gone horribly wrong with the US college admission system
Applicants have more anxiety than ever. Elite schools have more power than ever. Something had to give.
Google-backed Adda247 hires Bimaljeet Singh Bhasin as CEO of Skilling and Higher Education Business
Adda247 appointed Bimaljeet Singh Bhasin as CEO to lead skilling and higher education business growth, with support from Google, Westbridge, and Info Edge. Bimal's vast experience will help expand offerings for over 40 million users preparing for various exams.
Coaching institute Allen fires 70 sales hands from NExT
Some of Allen's employees affected by the move told ET that the layoffs happened across centres in Chennai, Bengaluru, Delhi, Hyderabad and Panchkula. The offline teaching operations of Allen NExT have also come to a halt, they added.
The Netflix model may just save India’s online learning apps
Byju’s rapid decline has put a big dampener on that excitement. Yet, online education is still a viable proposition in the world’s most-populous nation, though it’s the test-prep market that has real demand, not K-12 or coding.
Byju’s CEO says will tide over crisis in 45-60 days; BNPL startup ZestMoney to shut down
Amid the ongoing cash crunch at Byju’s, founder and CEO Byju Raveendran told senior executives that he is aiming to address the crisis over the next 45-60 days.
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Byju's targets to reach break-even by March, hive off Epic
Byju's had earlier set the target to become profitable by March 2023. Byju's booked a loss of Rs 4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal.
Manipal Group launches test-prep app for NEET PG, NExT
The company has invested about Rs 60 crore in the development of MedAce and expects to invest another Rs 50 crore over the next year to develop the platform further, MaGE managing director and CEO Ravi Panchanadan told ET.
Edtech firm Unacademy’s COO Vivek Sinha resigns
Sinha had joined the company in 2020 after a decade with organisations such as Reliance Energy, Lodha, MobiKwik and Oyo.
Shaping Destinies: How online IELTS coaching paves the way for study abroad success
The International English Language Testing System, or IELTS, is the most popular standardised proficiency test recognised worldwide by academic institutions and immigration departments. It tests a candidate’s proficiency in reading, writing, speaking and listening in English.
Byju’s weighs IPO of its test prep subsidiary Aakash by mid-2024
The announcement on the IPO for Aakash, which Byju’s acquired in 2021 for $950 million, has come amid the company reportedly facing a $40 million loan repayment deadline.
ETtech’s top stories this week: Razorpay, Byju’s, ONDC vs Zomato and Swiggy
From exclusives and scoops to in-depth analysis, read ETtech’s most important stories from the week gone by.
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.
PhysicsWallah, Utkarsh Classes form JV; firms to jointly foray into new test-prep categories
The companies said in a statement that under the partnership, Utkarsh Classes will continue to lead expansion of the government test preparation category and launch offline centres in 32 cities where PhysicsWallah has already established its offline centres under the Vidyapeeth brand, which provide JEE and NEET preparation offerings.
How Indian corporates are embracing online assessments?
The growing need for quality talent becomes a challenge for Indian industry.
What are English Language Tests and exactly how important are they?
Most courses and even some scholarship programs specify a certain score or band as a minimum requirement; failing to meet this might hinder your Visa and other processes. However, before you blindly launch yourself into prep, it’s important to note which formats are accepted in the places you’re applying to and pick one that you’re comfortable with.
Vedantu acquires test prep platform Deeksha for $40 million
The acquisition will give Vedantu access to almost 40 offline centres across Telangana, Andhra Pradesh and Karnataka, and to Deeksha’s 13,000 students
Ed-tech firm Veranda Learning acquires CA Test prep platform JK Shah Education for Rs 337.8 crore
The said transaction will be completed in two phases, with the first phase seeing the payment of 76% of the outstanding capital together for INR 337.82 Crs. The entire transaction will be funded through a combination of Debt and Equity, both the companies said.
Physics Wallah makes two new acquisitions
The acquisitions have come at a time when Physics Wallah is eyeing new acquihires this year, as it looks to expand geographically, strengthen its leadership team and foray into newer test preparation categories.
upGrad acquires Noida-based test prep provider Exampur
Noida-based learning platform Exampur aims to reach Rs 70 crore (nearly $7.5 million) in revenue this fiscal.
Test prep platform Toprankers raises $4 million in funding led by Sixth Sense
Toprankers will use the funds to introduce new categories in the test prep segment such as study abroad programmes, tutoring courses, career counselling programmes, and finance and commerce test preps.
Beijing preps COVID-19 hospital spaces, though new cases low
State media reported Tuesday a 1,000-bed hospital at Xiaotangshan in the northeastern suburbs built for the 2003 SARS outbreak has been refurbished in case it's needed.
Digital SAT from 2023; here’s how you can conquer the test and make your way to top universities
SAT is not restricted to the US; in recent times, many universities across Canada, Singapore, Europe, as well as India have started recognizing SAT scores for admission purposes. Insights on how to prepare for SAT and tips to ace it.
Mumbai court restrains Unacademy parent from using PrepLadder app
The order came on a petition by Medical Joyworks, a Sri Lankan startup which said that PrepLadder had been systematically replicating, altering, and presenting as their own its proprietary information, know-how, and technology.
Kota’s coaching institutes have a new rival: Edtech giant Byju's test prep ambitions
Education sector analysts that ET consulted say Kota institutes have been steadily losing market share to players such as Aakash, FIITJEE and PACE. They are also facing stiff competition from smaller outfits in other states.
Planning to study in the US? The SATs have changed and this is what it means for you
It is discontinuing the SAT Subject Tests and the SAT optional Essay. Most importantly, the SAT is moving online. Students outside the U.S. can still take SAT Subject Tests in May and/or June 2021.
Unacademy acquires test preparation startup Coursavy
This is Unacademy’s fourth acquisition this year, after Kreatryx, PrepLadder and more recently CodeChef.
Unacademy buys PrepLadder for $50m in cash & stock deal
The entire 250-member team of the postgraduate medical entrance exam preparation platform will join the Unacademy Group, including founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal.
Gray Matter Capital invests in online test-prep platform for government jobs MadGuy
MadGuy Labs was among the Top Performing Start-ups in the first cohort of Gray Matters Capital’s Mobile EdTech Accelerator Program – GMC Calibrator
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