Edtech

The Indian edtech sector is projected to reach USD 30 billion in size over the next decade from the current USD 700–800 million.

Although several Chinese education companies were fined in April, Zhangmen hasn’t received any warnings or penalties so far.

NetEase’s music service struck a deal with Sony to take on Tencent’s dominance in the sector.

China’s online education sector has been slowing down after students returned to school in the second half of 2020.

Shenzhen Dianmao Technology teaches kids to use its simplified Kitten language.

The year-old company competes with startups like Teacherr, ODA Class, eduZilla, SkoolApp, and Classplus among others.

Byju’s is raising about USD 150 million from UBS Group AG at a valuation of about USD 16.5 billion, making it the most valuable Indian startup.

According to the data collated by research firm Venture Intelligence, Indian edtech startups raised USD 616 million in the first quarter of 2021.