Indian Edutech Startup Doubtnut Raises $31M Led By SIG, Lupa Systems Gurugram-based K-12 edtech startup Doubtnut said it has raised Rs224 crore in a Series B funding round from SIG and Lupa Systems. Existing investors Sequoia Capital India, Omidyar Network India, and Waterbridge Ventures also participated in the round.
Monk’s Hill-backed Edutech Startup ELSA Raises $15M In Series B AI-based English learning app ELSA has raised $15 million in its Series B round co-lead by VI (Vietnam Investments) Group and international investor SIG. Previous investors Gradient Ventures, Google’s AI-focused venture fund, SOSV, and Monk’s Hill Ventures also participated in this round. New investors are Endeavor Catalyst and Globant Ventures, which will facilitate ELSA’s expansion efforts in Latin America.
Chinese Edtech Startup Huohua Siwei Secures $400 Million In Series E Funding Round Huohua Siwei, a Chinese firm providing online education services for children aged 3 to 12, has announced the completion of its series E funding round that raised $400 million in total, as online tutoring grows in popularity due to coronavirus-related school restrictions.
Indian Edtech Unicorn Byju’s To Buy Blackstone-backed Offline Tutor Aakash Institute For $1b India’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion, according to a person with knowledge of the talks. The deal for what will be one of the largest edtech acquisitions in the world should close in the next two or three months, said the person, who didn’t want to be identified as the information is private.