India Deal Monitor: Education Catalyst Fund backs GUVI and more updates

GUVI, an edtech startup incubated by IIT Madras and CIIE.CO-IIM Ahmedabad, Saturday said it has raised about $787,686 (Rs 6 crore) in its pre-Series A funding round from Education Catalyst Fund, an education-focused venture capital fund managed by CBA Capital.

Founded by SP Balamurugan, Arun Prakash and Sri Devi in 2014, GUVI is an integrated ed-tech platform that provides course contents in vernacular languages such as Tamil, Telugu, Kannada, Hindi, and Bengali besides English. The platform claims to have a presence in over 1,000 engineering colleges.

“We will use the capital raised in this round to scale up operations, introduce newer courses in more vernacular languages and expand our geographical presence for our blended (offline + online) learning program ‘Zen class’. During the lockdown, we are experiencing a huge surge in the number of people signing up to our online courses and we expect this trend to continue even after it,” GUVI CEO Balamurugan said.

During this current lockdown, GUVI said it has attracted over 1.5 lakh enrolments in technical courses in a period of 12 days adding that not only students but working professionals are also enrolling for their tech courses.

The startup further claimed to have upskilled more than 2.14 lakh engineers in the latest technology skills such as Python, Java, and Machine Learning, among others and has helped them gain placement in IT firms.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from April 23-26, 2020.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.