India Digest: Navneet Tech buys Genext stake; Kyt acquires DIY.org

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Navneet Tech Ventures has entered into an agreement to buy Mumbai-based tutoring platform Genext Students Private Limited. In another deal, extracurricular edtech startup Kyt Technologies has acquired San Francisco-based DIY.org.

Navneet Tech buys Genext sake

Navneet Tech Ventures has entered into an agreement to acquire Mumbai-based tutoring platform Genext Students Private Limited for an undisclosed amount, per an announcement.

Navneet Tech Ventures Private Limited, which is the wholly-owned subsidiary of Navneet Education Ltd (NEL), will hold a 51.80% stake in Genext Students Private Limited subject to the fulfilment of the terms of the agreement.

“With the fresh investment, Genext plans to create exciting tech products for the teacher community, strengthen the tech ecosystem and expand its reach to the heartland of India,” said Ali Asgar Kagzi, co-founder, Genext Students, said.

With a reach of more than 50,000 schools and institutes, 5 lakh tutors and over 1 crore students, Navneet will provide content, knowledge, and reach for Genext Students to grow aggressively.

Edtech startup Kyt acquires DIY.org

Extracurricular edtech startup Kyt Technologies has acquired San Francisco-based DIY.org, which was built and operated by Zach Klein, also the founder of Vimeo.

Existing students and teachers on Kyt will continue their live classes while the platform gradually moves users to DIY, it said in a blog post.

“With the acquisition of DIY, we are determined to continue growing exponentially. Over the next few months, we’ll be growing our team – hiring across key roles such as product, engineering, human resources, and marketing. We’ll also be partnering with many more curriculum and content creators around the world,” founders Bhavik Rathod and Tripti Ahuja said.

DIY offers access to 35+ courses, 3,500+ projects, and challenges across 160+ skills.

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.