By Sharon Lewis and Monika Ghosh Edtech startup StudyFree announced as winner of global pitch competition After narrowing down from over 5000 applications across 86 global emerging markets through local events and five regional summits, over 70 startups attended the Seedstars Summit on April 3, to pitch in competition for the top prize. The Summit […]

With the Series G funding, Yuanfudao’s valuation reaches US$7.8 billion China-based online education unicorn Yuanfudao bagged US$1 billion amid pandemic-induced rapid market growth, according to a company statement on March 31. The Series G funding round was led by Hillhouse Capital and existing investor Tencent Holdings. The current infusion of funds has pushed Yuanfudao’s valuation

This is the edtech portal’s second acquisition in two years Elearning platform Unacademy, headquartered in Bengaluru, acquired New Delhi-based online competitive exam prep platform Kreatryx for an undisclosed amount in a cash and stock deal, the company announced in a statement on March 31. Post-acquisition, Kreatryx will continue to be run independently by Founder Ankit