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EdTech

Tradition and technology

Areport by Omidyar Network India and Redseer says that the Indian Edtech sector is expected to reach $30 billion by 2025, from $2.8 billion in 2020.

Vedantu takes majority stake in test prep platform Deeksha for $40 mn

Live online learning platform Vedantu on Thursday announced it has bought a majority stake in test preparation platform Deeksha (Ace Creative Learning Pvt Ltd) for $40 million. Since 1998, Deeksha has created over 65,000 success stories through its 39 centers across three states.

Only 2 Indian startups turned unicorns in Q3 amid funding winter

Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period. Globally, the third quarter (Q3) produced 20 unicorns and 45 per cent of them were from the software-as-a-service (SaaS) segment. No new decacorns were added in this quarter.