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CoLearn launched its online platform in August 2020 and has scaled to reach 3.5 million students. It has set up a technology team in India and aims to double its size by the end of 2021. People with experience in data science, product and engineering roles will be hired across India, Indonesia and the United Arab Emirates.
“Despite having the world’s fourth largest education ecosystem with 50 million students, three million teachers and half-a-million schools, the quality of education in Indonesia has remained much below its real potential for several decades,” Abhay Saboo, co-founder and chief executive officer at CoLean, said in the statement. “The scope for motivating students and ensuring they can thrive in a globalized world is what drives us at CoLearn.”
Apr 19, 2021
According to Gajendra Jaiswal, Founder – Edulyte Marketplace, “We are thrilled to announce that Yashendra who has wide exposure in building edtech is joining Edulyte Marketplace. His experience in the education industry will help us at a critical time when the start-up is looking to perfect its go to market strategy, build a strong management team and to expand its offerings.”
In his words Yashendra Mishra commented, “It gives me immense pleasure to start my journey with an organization that is going to transform edtech& online learning space. As we aspire to reshape the future of online learning, I look forward to building a world class Edtech business which will last forever.”
Hero Group forays into edtech with Hero Vired
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Hero Vired, led by Akshay Munjal, has partnered with MIT and New York-based Codecademy to develop skill sets of those who have completed schooling.
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Although the Covid-19 pandemic adversely impacted the traditional education sector, it fuelled the growth of and funding for the edtech industry.
Bengaluru:Hero Group has launched a new edtech startup, Hero Vired, aimed at tapping students who have completed schooling.
“India faces a unique employability paradox where there s a shortage of highly skilled professionals, and yet graduates find it difficult to secure suitable jobs due to lack of skill sets that are imperative for the industry,” said Akshay Munjal, founder and chief executive officer of Hero Vired, part of the $5 billion Hero Group.
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BYJU S to acquire Aakash Educational Services in $1B deal
BYJU S, the world s leading ed-tech company has announced its strategic partnership with Aakash Educational Services Limited (AESL). According to sources, the deal is worth close to USD 1 billion (about 7,300 crores) making it the biggest acquisition by Byju s to date.Â
Founder and CEO Byju Raveendran said the union will bring together the best of offline and online learning. I am happy to have Aakash Educational Services Limited (AESL), a market leader and the most trusted name in the test prep services, onboard with us. Our complementary strengths will enable us to build capabilities, create engaging and personalized learning programs. The future of learning is hybrid and this union will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students,â he said.Â
Startup salaries swell amid pandemic-induced funding boom
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Engineers, data analysts, developers and product managers with three-to-seven years experience are being hired at 50% higher salaries by startups flush with funding.
ETtech
The slug of capital comes with an expectation to grow faster that requires quality talent, which in turn comes at a higher cost. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Increased demand for technology talent, following an accelerated focus on digital adoption by businesses due to the Covid-19 pandemic, is making hiring expensive, especially for early-stage startups, multiple founders and recruiters told ET.
Engineers, data analysts, developers and product managers in the three-to-seven-year experience bracket are often being hired for up to 50% higher salaries than industry levels by startups flush with investor capital.