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<ul><li><keyword id="8080458" type="UNKNOWN" weightage="20" keywordseo="WhiteHat-Jr">WhiteHat Jr</keyword> is the latest venture of former Discovery Networks CEO, <keyword id="327937" type="PERSON" weightage="20" keywordseo="Karan-Bajaj">Karan Bajaj</keyword>.</li><li>This edtech startup helps children between the age of 6 and 14 build market-ready apps, games and animations online, by using the fundamentals of coding.</li><li>The idea is to train children from an early age and instill in them a spirit of creation. </li><li>Following the initial success of the venture, Bajaj is confident it will do well in global markets too and will soon come up with a plan to take WhiteHat Jr to other countries.</li></ul> Barely a year after launching <keyword id="6345492" type="UNKNOWN" weightage="20" keywordseo="edutech-startup">edutech startup</keyword> WhiteHat Jr, former Discovery Networks CEO and founder Karan Bajaj is firming up plans to take it international. Based in Mumbai, this edutech startup helps children between the ages of 6 and 14 build market-ready apps, games and animations online, using the fundamentals of coding. Within a year of its launch, Bajaj shares that WhiteHat Jr received a phenomenal reception from parents in India and is therefore hopeful that the global market will accept the product too. Since an edutech platform like this doesn’t really exist anywhere else currently, it is expected to do well even outside India. He adds that starting December, they will start pushing the startup internationally. The idea for starting WhiteHat Jr came to Bajaj when he was reading about the Industrial Revolution and how Mathematics hadn’t been a part of school curriculum till then. “After the Industrial Revolution, every school had to create a new curriculum but it took them 10 years to implement that. I realized something similar is happening now. Today, consumer tech is at the center of every household but the school curriculums are extremely basic. Nobody is teaching children coding from an early age,” explains Bajaj. Why parents are invested in the idea As a part of WhiteHat Jr’s curriculum, a six and a half year old Venkat Raman Patnaik developed a reward management system app that keeps a record of a ‘to-do’ list for school children, along with reward points that they earn for it. Similarly, 7-year-old Hirranyaa Rajani created a sign language app for the hearing impaired that benefits those with hearing impairment and those who want to learn sign language. Bajaj says that parents are welcoming WhiteHat Jr wholeheartedly because they are seeing the world changing in front of their eyes. With more and more automation disrupting the industry, a lot of jobs are getting redundant. “With automation, conventional occupations are getting disrupted. And more and more parents are aware of that,” says Bajaj. The startup has been witnessing 100% month-on-month growth since its launch in November 2018. “Between November and March, we were forming the product in beta and launched in April. After that, we doubled every month. We also raised our Series A funding very quickly in June, so the response we’ve been getting indicates that parents are quite aware of everything,” he adds. While their current curriculum caters to children between the ages of 6-14, Bajaj says they will soon launch a curriculum for 9-12 grades too. How WhiteHat Jr works The model of WhiteHat Jr is simple. It is a web-based system, much like a virtual classroom, and the teacher to student ratio is 1:1. The kids have to book a session online which then connects them to the teachers. There is also a coding platform where the participants can practice coding. Each session is around 45 minutes to an hour long. The sessions encourage children to develop apps, games and animation. “We are sending the top 1% of these kids to the US for a week-long mentorship with Silicon Valley entrepreneurs. We also have an in-house team that helps them think on how to take a product and make it more market-ready,” says Bajaj. Currently, around 3,000 students and 350 teachers are on-board. It is also heartening to see children from non-metro cities are coming on board too. The metro to non-metro ratio is about 55:45. The future of WhiteHat Jr In November, when Bajaj started the company, he raised a seed funding of $1.3 million. He has just raised a Series A of $10 million. “Right now we are running a positive cash flow business, so there’s no immediate need for more funding right now,” explains Bajaj. The entity’s marketing and growth strategy would be linked to acquiring more users. “Right now we’ve only been doing B2C digital marketing but next we want to enter school channels and build more alliances. Till now, we’ve only done performance marketing but the outpouring of demand has been significant,” he adds. Bajaj further adds that they might consider an ad campaign after their next round of funding and has a plan to go global. “Taking the organization global is an important part of the plan because nobody has ever heard of a six-year-old creating apps and products that are disruptive and market-ready. So I think it has a great potential globally too where parents have already seen consumer tech to be the centre of their households. The idea that their kids can be a part of a technologically-driven future or create that future is a resonant idea globally. Starting December, we're going to push for international markets, but those plans are still being defined,” Bajaj says.

Former Discovery CEO Karan Bajaj’s edutech startup WhiteHat Jr to go global soon

As per a recent <keyword id="2325711" type="ORGANIZATION" weightage="20" keywordseo="Nasscomm">NASSCOMM</keyword> report, India continues to harbour the third largest startup base, marginally behind the UK. 
 Titled "Indian Startup Ecosystem Maturing - 2016", it states that the ecosystem is poised to grow by 2.2X to reach more than 10,500 <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> by 2020. 
 
The report released on the sidelines of Nasscom Product Conclave 2016 in Bengaluru on Wednesday predicted continued growth in the number of startups in 2016, with Bengaluru, NCR, and Mumbai continuing to lead as the major startup hub for the nation. 
 
In terms of vertical growth, investors are looking at domain like Healthtech, Fintech, and Edutech. With a total funding of approximately $4 billion, close to 650 startups were funded signifying an aware and healthy growth of the ecosystem. 
 
R Chandrashekhar, president, Nasscom, said, "Technology startups are creating a new identity for India and its technological prowess. They are defining the way the world operates making life better and easier for people and businesses alike. Our startup report is a testimony to the potential of the startup landscape and the scope of growth and opportunity that India presents. Nasscom has always been working towards creating a heterogeneous bond between all stakeholders and craft a conducive and innovative environment for start-ups to grow." 
 
According to the report, the number of tech startups in India is expected to grow by 10-12% to over 4,750 startups by the end of 2016. 
 
Interestingly, over 1,400 new startups emerged in 2016 denoting that that the ecosystem is becoming prudent with both investors and startup founders focusing on profitability and optimising the overall spend. With this impetus, India will become home to over 10,500 startups by 2020, employing over 210,000 people reveals the report. 
 
Furthermore, incubators and accelerators are playing a substantial role in strengthening the startup community throughout India. The report highlights the significant rise in number of accelerators to improve startups' outcomes and provide them with a support that they require. 
 
With impetus from the government and corporates, there is a 40% increase in the number of active incubators and accelerators in 2016 with over 140 active incubators, helping entrepreneurs experiment with new ideas by offering them functional expertise and resources. 
Over 30 new academic incubators have been established under the government's 'Startup India Standup India' initiative this year. With the country showing signs of increased interest in entrepreneurship, Tier-II/III cities have established 66% of the new incubators. 
 
The report reveals an increased interest from student entrepreneurs this year. Growth of 25% has been witnessed in 2016 with over 350 startups founded by young students. Median age of startup founders has reduced marginally from 32 years in 2015 to 31 years in 2016. 
 
Talking about investments, the report states that investors are increasingly looking at opportunities in startups in areas other than online retailing. The sentiments are high for ventures in verticals like Fintech, Healthtech, Edutech, data analytics, B2B commerce and artificial intelligence.

Welcome to India, The Third Largest Startup Base in the World

<keyword id="6355629" type="COMPANY" weightage="20" keywordseo="google">Google</keyword> on Wednesday expanded its programme for startups to support startups working on the solutions to solve real-life challenges towards the new normal post COVID-19 landscape in India. <keyword id="9416148" type="UNKNOWN" weightage="20" keywordseo="google-for-startups">Google for Startups</keyword> has opened applications for the new batch of <keyword id="9416150" type="COMPANY" weightage="20" keywordseo="google-for-startups-accelerator">Google for Startups Accelerator</keyword>, with a special focus on health-tech, fin-tech, edu-tech, agri-tech, retail and SaaS startups, the company said in a statement. The next batch will commence in August 2020 and the last date of applications is June 30. This will be the fourth class of startups mentored by Google, which has so far closely mentored over 60 startups in India to date. "We have been working very closely with over 250 Startups founders over the last two months, holding consults with our network of experts, mentors and VCs to help solve for the immediate challenges faced by the founder community," informed Paul Ravindranath G, Programme Manager, Google for <keyword id="9416146" type="COMPANY" weightage="20" keywordseo="startups-accelerator-india">Startups Accelerator India</keyword>. In addition to the fresh call for applications, Google for Startups also announced the launch of 'Emerging stronger: Playbook' for startups to face the Covid-19 Challenge. "We have captured the work of these last two months into a handy playbook which we hope will benefit the larger ecosystem," Ravindranath added. Beyond the Accelerator, Google for Startups will continue to offer support to startups via its partner programme and mentor network.

Google launches program to support Indian startups creating solutions for post COVID-19 world

<ul><li><keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword> has raised $50 million in a series D round of funding. </li><li>The startup has investors like Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures.</li><li>The Indian <keyword id="6379645" type="UNKNOWN" weightage="20" keywordseo="Online-Education">online education</keyword> space has players like Byju’s which has also reported profitability.</li></ul>Indian online education startup Unacademy has raised $50 million in a series D round of funding from investors like Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. The investment, which will go towards bringing on board more educators and better the product, also saw the founders Gaurav Munjal and Roman Saini participate in the round. “In the last few months, we have taken bigger strides toward achieving this mission. We have more than 400 top educators from across the country taking live classes every day on Unacademy Plus. This is available to every student, irrespective of their location,” said Munjal. Unacademy plus is the startup’s subscription plan which has more than 50,000 learners. The startup, which was founded in 2015, has over 13 million learners. “We are seeing unprecedented growth and engagement from learners in smaller towns and cities, and are also very humbled to see that top-quality educators are choosing Unacademy as their primary platform to reach out to students,” said Munjal. This also shows the growth trajectory of Indian online education space. Online education industry in India is expected to hit 9.6 million by 2021 user base, which was 1.6 million in 2016, as per a KPMG report. In fact, a survey by education startup GradeUp also shows that students are counting on online teaching for competitive exams — JEE, NEET, GATE, SSC and banking exams. Meanwhile, the big player in Indian <keyword id="1974983" type="ORGANIZATION" weightage="20" keywordseo="Edutech">edutech</keyword> space remains Byju’s – which had recently reported profitability with an increase in the number of paid users. Its revenue has tripled to reach ₹14.3 billion in the financial year ending March 2019, though it has not shared the net profit numbers. This volume of numbers has also brought in the renewed interest of investors, who are betting on the Indian education technology space. Interestingly, Sequoia is a common investor between Byju’s and Unacademy. See Also: <a href="https://www.businessinsider.in/indian-students-prefer-online-coaching-for-jee-neet-gate-ssc-and-banking-exams/articleshow/69956565.cms">Indian students prefer online coaching to offline classes</a> <a href="https://www.businessinsider.in/mukesh-ambani-reliance-jio-and-byju-feature-in-meeker-report/articleshow/69770325.cms">Mukesh Ambani’s Jio and a startup Byju's are in global spotlight as India’s internet users exceed that of US</a>

Unacademy raises $50 million as Byju’s success draws top dollars into online education in India

<ul><li>India’s largest online tutoring startup Byju’s is expected to become 4th most valued startup in the country after Paytm, Ola Cabs and OYO Rooms. </li><li>The company’s valuation is expected to be raised to ₹254 billion ($3.5 billion) by the end of the funding round with the company adding $200-300 million to its portfolio. </li><li>The company has successfully got blue- chip investors including the private equity giant General Atlantic. </li></ul>India’s largest <keyword id="23248" type="PERSON" weightage="20" keywordseo="Online-learning">online learning</keyword> startup Byju’s (Think &amp; Learn Pvt Ltd) is all set to be the 4th most valued Indian startup. It’s in the middle of a new funding round that’s <a href="https://www.livemint.com/Companies/kNyn82lsWEVRP34pbxyRsK/Byjus-may-achieve-4th-rank-in-Indias-startups-class.html">expected to raise</a> ₹14.5 million to ₹ 22 million ($200-300 million) from new investors including General Atlantic, a private equity giant. The influx of new funds are expected to increase the company’s value to ₹245 billion ($3.5 billion) making it the fourth highest valued company in the league after digital payments company Paytm, cab service provider Ola and budget hotel chain OYO Rooms. Sources close to these developments have said that private equity has inflated the valuation of the start up to an amount higher than what was expected at first. The secondary valuation is expected to happen at a lower amount since the existing investors, such as Sequoia Capital, may release a certain part of its shares or consider exiting the company altogether. Last month, the edutech startup closed the funding round gushing <a href="https://entrackr.com/2018/10/byjus-4th-most-valued-indian-startup/">$100 million</a> with the valuation reaching $2 billion mark already. It looks like the overpowering interest of the investors in the startup has lead to a valuation higher than anticipated post the closing round. Byju’s story so far Byju’s has been one of the fastest growing tech <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> in India. The company raised around $30 million from Verlinvest followed by $40 million from Tencent Holdings Ltd in July 2017, as reported by<a href="https://www.livemint.com/Companies/kNyn82lsWEVRP34pbxyRsK/Byjus-may-achieve-4th-rank-in-Indias-startups-class.html"> Mint.</a> So far, the startup has exceeded the investor expectations with its growth trajectory. The company that was originally just an offline teaching centre in Bengaluru, slowly expanded its operations online with the launch of its first app in 2015. The tutoring startup also plans to come up with apps for younger students soon. The company also acquired Vidyartha, TutorVista and Edurite last year as a mark of its growth and is ready with its fourth acquisition Math Adventures this year. By the end of FY18, the <a href="https://www.livemint.com/Companies/kNyn82lsWEVRP34pbxyRsK/Byjus-may-achieve-4th-rank-in-Indias-startups-class.html">expectation</a> is that Byju’s is only going get more lucrative. The company also claimed to have exceeded ₹100 crore monthly revenue this June and is looking forward to reach a mark of ₹1400 crore as the overall revenue. Byju Raveendran, Chief Executive, communicated to the <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms">Economic Times</a> that it is the fourth consecutive year that the startup has crossed 100% growth. Currently, the startup has a user base of 15 billion which includes a segment of paid users seeking education through online platforms. (Photo credit: <a href="https://www.startupstories.in/">Startup Stories India</a>)

India’s largest online learning service is all set to become the 4th highest valued Indian startup with a ₹254 billion valuation

<ul><li>The education and skilling ecosystem will accelerate job creation and put India on the fast-track to greater economic growth. </li><li>TiE Delhi-NCR is hosting the 6th Annual <keyword id="8020615" type="UNKNOWN" weightage="20" keywordseo="India-Education-Entrepreneurship-Day">India Education Entrepreneurship Day</keyword> (IEED) on 30th August, 2019.</li><li>The event will see entrepreneurs, mentors and influencers all under one roof.</li></ul>The Indian education and skilling ecosystem has a huge role to play in accelerating India’s aim to be a $5 trillion economy by 2025. This will further accelerate job creation and put India on the fast-track to greater economic growth. In light of the same, TiE Delhi-NCR is hosting the 6th Annual <keyword id="1020702" type="PERSON" weightage="20" keywordseo="India-education">India Education</keyword> Entrepreneurship Day (IEED) on 30th August, 2019. IEED is a leadership conference that looks at setting conversations around Vision 2025 for the industry. With an audience of 300+, #IEED brings together the brightest minds of the country with ideas focused on a wide range of subjects. It aims at initiating conversations that matter to the education and skilling sector, and have the power to foster learning and inspiration. From busting myths on the jobs ecosystem to evaluating the role of tech platforms in transforming the jobs ecosystem, the event will see participation from key industry leaders. The event will also give a platform to <keyword id="1974983" type="ORGANIZATION" weightage="20" keywordseo="Edutech">edutech</keyword> <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> to network and build more business opportunities. “The education sector has the potential to steer a country into a prosperous, tech-enabled future. Recognizing its importance, multiple new-age educational startups are cropping up across the country. Yet, there is a lack of cohesion in terms of quality and clear business models to sustain in the ever-changing environment. IEED will present these startups with a platform where they can exchange new ideas and gain a wider perspective about the flourishing education sector. We believe that creating an enabling environment for startups in the education sector through this platform will go a long way in preparing them amply for the future,” said Geetika Dayal, Executive Director – TiE Delhi-NCR. The event will see entrepreneurs, mentors and influencers like Vineet Kaul (VP, Paytm Education), Sandeep Sinha (Co-Founder and Managing Partner, Lumis Partners), Akshay Chaturvedi (Founder, Leverage Edu), Ayush Jaiswal (Co-Founder, Pesto), Charu Noheria (Co-Founder, 3RDFlix), Jairaj Bhattacharya (Founder, ConveGenius) and Kinner Sacchdev (Co-Founder, Knorish), among others.

Education has a big role to play in India’s $5 trillion economy dream

<ul><li>Bengaluru needs to turn into a deeptech hub too </li><li>Bengaluru is the only Indian city to be among the top 30 global startup ecosystems of today. It jumped two ranks up in the world’s top 30 startup</li><li>The city is known for its Edtech and Fintech startups but has been facing challenges due to weak environment policy in India.</li></ul> Bengaluru might be India’s <keyword id="6357722" type="LOCATION" weightage="20" keywordseo="silicon-valley">Silicon Valley</keyword> but it is in dire need of a strong framework to develop and commercialise “deep tech” like smart cities, robotics, autonomous systems, <a href="https://startupgenome.com/reports">said</a> the Global Startup Genome Report 2019. <a href="https://startupgenome.com/gser2019">Startup Genome</a> is an independent research firm that provides data and insights to startups. Bengaluru is the only Indian city to be ranked among the top 30 global startup ecosystems ranked by the report. It jumped two ranks this year in the world’s top 30 startup ecosystems list, according to the report. There are 30 global cities that it said have the potential to become the “next” hubs including Bengaluru. Bengaluru is home to a number of unicorns and is known for its edtech and fintech startups. However, it has been facing several structural bottlenecks. “A weak policy environment in India, as well as relatively low levels of research production, means that <keyword id="6355033" type="LOCATION" weightage="20" keywordseo="bangalore">Bangalore</keyword> might face more challenges in deep tech startup sub-sectors — those requiring tangible IP — than it did in Software, the report explained. It further said, “Potentially, this might become a significant hindrance in the ecosystem, threatening its future growth,” said the report. The city is also facing challenges due to “quality” of funding. The past growth “Bengaluru, Sydney, Stockholm, and Berlin stand out for their relatively low levels of Funding Quality, driven by lack of local, experienced VCs compared to other ecosystem”, said the report. Edtech and fintech hub India has witnessed exponential growth in co-working spaces over the last year which has fueled expansion in fintech and edutech hubs in India, with about 42% of startups based in Bengaluru. A recent India FinTech Report 2019 by global innovation platform MEDICI says that India is the second biggest Fintech Hub after the US with over 2,000 startups nourishing in the zone. Almost every top ecosystem has a strong national regulatory environment that encourages IP commercialization, according to the report.Here, too, Bangalore, along with Beijing and Shanghai was an exception. “Bangalore has all of the ingredients to create a world class tech ecosystem - investors, engineers, clients, experts - and the potential to build high-quality global startups at a fraction of the cost.” <a href="https://startupgenome.com/reports">said</a> Varun Chawla Founder, 91springboard in the report.

You Searched For "Edutech startups" and got 7 results

Former Discovery CEO Karan Bajaj’s edutech startup WhiteHat Jr to go global soon

Samarpita Banerjee

Welcome to India, The Third Largest Startup Base in the World

Anushree Singh

Google launches program to support Indian startups creating solutions for post COVID-19 world

IANS

Unacademy raises $50 million as Byju’s success draws top dollars into online education in India

Sanchita Dash

India’s largest online learning service is all set to become the 4th highest valued Indian startup with a ₹254 billion valuation

BI India Bureau

Education has a big role to play in India’s $5 trillion economy dream

BI India Bureau

Here’s what Bengaluru needs to do in order to keep its crown as a global startup hub

Preeti Soni

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