Indian edtech startup LearnVern raises funding

Photo by Josh Appel on Unsplash

Ahmedabad-based edtech startup, LearnVern, on Monday said it has raised over $1 million in fresh funding from undisclosed international investors.

The year-old startup is an online learning platform providing job-oriented courses in vernacular languages, upskilling students.

According to the company, the funding will be used to upgrade the technology stack of the learning platform, while also creating more courses in different languages, in a bid to engage a higher number of students.

At present, LearnVern claims to have over 5.5 lakh registered students learning from 37 different courses across domains of software development, information technology, graphic design, mechanical engineering, civil engineering, digital marketing among others.

“We are looking to scale and reach out to over 4 Crore students studying in colleges across India. India’s newly launched National Education Policy 2020 talks about Vocational Education and Vernacular as the 2 most important transformational changes, which we had envisioned as the requirement of India’s students and launched our solutions to meet that need,” said Niral Modi, founder and chief executive at Learnvern.

Modi added that the platform will look at new technology enhancements, including video conferencing, peer-reviews and forums to deliver an immersive experience to students on the platform.

The company is also looking to deploy Artificial Intelligence-based tools to ensure students get matched to an employer’s job requirements, after completing their course.

Learnvern is currently working with more than 500 large and medium employers to enable direct recruitment.

Edtech companies raised $2.1 billion in 2020, the highest among all sectors, against $426 million in 2019, according to data from Venture Intelligence.

Further, top Indian edtechs including BYJU’s and Unacademy have taken to consolidate the market even further. Unacademy which surpassed the $1billion valuation, last year, reportedly acquired close to six startups in the test preparation space in 2020 alone. Recently, BYJU’s made one of the most expensive acquisitions in the Indian edtech space, acquiring education institution, Aakash.

The article was first published on livemint.com

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.