This Week in Deals — November 2022
Between November 1, 2022 and November 30, 2022; we saw 10 companies in the Indian EdTech space getting funded or acquired. Companies came from diverse segments such as Upskilling, Teaching Tech, and Early Education.
Who Got A Slice?
Eight Times Eight (Pre Seed, $5 Million): Eight Times Eight provides live chess classes to students. They plan to launch a chess kit with a chess board, a workbook, and animated chess videos. The startup raised $5 Million round from undisclosed investors.AlmaBetter (Seed, $2.7 Million): AlmaBetter offers programmes in data science, software development, and blockchain. The $2.7 million round was led by Kalaari Capital.Simplilearn (Growth, $45 Million): Simplilearn provides online training across technologies and applications in data science, artificial intelligence and machine learning, cloud computing and other digital disciplines. The $45 million round was led by GSV Ventures , with participation from Clal Insurance and DisruptAD.Bullspree (Seed, $1 Million): Bullspree is a gamified learning platform for stock market education. The round was raised from Desai Family Office, Pai Ventures, and IVY Growth.Crio (M&A, Undisclosed): Crio.do offers a platform for project-based learning for developers. The company was acquired by Skill-Lync for an undisclosed amount.ClassLogic (Seed, $100K): ClassLogic is an integrated platform with classroom management solutions, learning management solutions, ERP, fee management, and marketing tools. The company raised its $100K seed round from Mumbai based angel investors.Edmingle (Pre Series A, $1 Million): Edmingle is a SaaS platform for small and medium-sized training and coaching businesses. It raised the Pre Series A round from IAN. Keiretsu Forum, SucSEED, and Mumbai Angels Network.Fullstack Academy (M&A, USA, Undisclosed): Fullstack Academy offers web development, cybersecurity, data analytics, DevOps, and product management bootcamps. The company was acquired by Simplilearn.Hunar (Undisclosed): Hunar is a women oriented skill learning platform with courses in fashion, food, photography, and interior design. The company onboarded Shilpa Shetty Kundra as an investor and brand ambassador.Suraasa (Seed, $1.2 Million): Suraasa is a skill-tech and career-tech startup focusing on upskilling teachers. The company raised its $1.2 million Seed round from Inflection Point Ventures. NB Ventures, SuperMorpheus, Vinners, and SucSEED.ClassMonitor (Pre Series A, $1.25 Million): ClassMonitor provides home learning kits for young students. The company raised the $1.2 million round from Lead Investor Frontline Strategy Funds; Khimji Family (Muscat), and Sarvann & Calega Family Office.
In other news, Amazon shut down its India EdTech business, Amazon Academy.
Watch this space for more on Education, EdTech, and everything in between.
This Week in Deals — November 2022 was originally published in LoEstro Advisors on Medium, where people are continuing the conversation by highlighting and responding to this story.
