Erudition

Assessment of India's EdTech Sector 2023: Featuring Byju's, Eruditus, Lead, PhysicsWallah, Unacademy, Upgrad & Vedantu - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 11, 2023

The "Assessment of India's EdTech Sector 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Assessment of India's EdTech Sector 2023" report has been added to ResearchAndMarkets.com's offering.
  • India has one of the biggest higher education systems globally and enrolls over 70 million students.
  • Also, over the past 20 years the country has created an additional capacity for over 40 million students.
  • The unicorns in the sector include Byju's, Eruditus, Unacademy, PhysicsWallah, Lead, Upgrad, and Vedantu.

Prosus N.V.: Press Related to TENCENT

Retrieved on: 
Tuesday, November 1, 2022

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to article published on 31 October 2022 by Asian Tech Press.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to article published on 31 October 2022 by Asian Tech Press.
  • The Group continues with its open-ended share repurchase programme announced in June this year which is funded by the sale of small numbers of ordinary shares in Tencent Holdings Limited (Tencent) held by the Group (Tencent Shares) regularly and in an orderly manner.
  • Prosus is a global consumer internet group and one of the largest technology investors in the world.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Prosus N.V.: Termination of Agreement to Acquire BillDesk

Retrieved on: 
Monday, October 3, 2022

Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.
  • Prosus has been a long-term investor and operator in India - investing close to US$6 billion in Indian technology companies since 2005.
  • Prosus remains committed to the Indian market and growing its existing businesses within the region.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Prosus to acquire remaining stake in iFood from Just Eat

Retrieved on: 
Friday, August 19, 2022

Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.

Key Points: 
  • Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.
  • iFood has performed exceptionally well since Prosus first invested in the business through Movile, founded by Fabricio Bloisi, in 2013.
  • Today, iFood is a leading platform business which includes food delivery, grocery, quick commerce, and fintech.
  • We first invested in iFood nearly a decade ago and during this time Fabricio and team have built a world-class food delivery business.

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme

Retrieved on: 
Monday, June 27, 2022

This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.

Key Points: 
  • This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.
  • Classifieds, as well as core payments, remain profitable, with trading profit of profitable ecommerce businesses increasing 17% to US$493m.
  • With strong operational execution, good consumer traction, and improving profitability in core operations, the Group increased investment to pursue opportunities for each segment.
  • A detailed breakdown of the Net Asset Value of the Prosus portfolio, based on market consensus estimates, is on the Prosus website here .

Prosus: Disposal of JD.com Shares Received From Tencent Holdings Limited

Retrieved on: 
Monday, June 27, 2022

Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Key Points: 
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
  • The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil.
  • Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to improve peoples everyday lives.
  • For listed companies where we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch, and SimilarWeb.

Online Education Platform Outlier.org Named To GSV EdTech 150

Retrieved on: 
Tuesday, January 25, 2022

Founded by the co-founder of MasterClass, Aaron Rasmussen, Outlier.org was chosen from over 3,000 venture capital and private equity-backed private companies revolutionizing the world of education technology for its cinematically stunning for-credit courses, purposefully priced to combat the student debt crisis. GSV estimates that together, these 150 companies reach roughly 3 billion people -- almost half of the global population -- and generate approximately $20 billion in revenue.

Key Points: 
  • "We're honored to be a part of the GSV EdTech 150 as access to affordable education continues to be a critical issue that is solvable," said Outlier.org CEO & Founder Aaron Rasmussen.
  • "Today, we announce the annual GSV EdTech 150," said Luben Pampoulov, Partner at GSV Ventures.
  • North America specifically the United States is the most represented region accounting for 56% of the GSV EdTech 150.
  • 11% of the GSV EdTech 150 hail from India, whose market is experiencing explosive growth with five EdTech unicorns that include BYJU's, Eruditus, Unacademy, Upgrad, and Vedantu.

Open English Named To GSV EdTech 150

Retrieved on: 
Friday, January 14, 2022

Open English was chosen from over 3,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people -- almost half of the global population -- and generate approximately $20 billion in revenue.

Key Points: 
  • Open English , a leading online English learning platform in Latin America, today announced that it has been named to the GSV EdTech 150, a list of the worlds most transformational growth companies in digital learning curated by female-led, multi-stage venture capital firm GSV Ventures.
  • Today, we announce the annual GSV EdTech 150," said Luben Pampoulov, Partner at GSV Ventures.
  • North America specifically the United States is the most represented region accounting for 56% of the GSV EdTech 150.
  • 11% of the GSV EdTech 150 hail from India, whose market is experiencing explosive growth with five EdTech unicorns that include BYJUs, Eruditus, Unacademy, Upgrad, and Vedantu.

Prosus Prices New 5-Year, 10-Year and 30-Year Tranches USD Bonds and 4-Year, 8-Year and 12-Year Tranches EUR Bonds

Retrieved on: 
Thursday, January 13, 2022

The offerings are expected to close on 19 January 2022, in each case subject to customary closing conditions.

Key Points: 
  • The offerings are expected to close on 19 January 2022, in each case subject to customary closing conditions.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
  • Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve peoples everyday lives.
  • Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ).

NovoEd Named to GSV EdTech 150

Retrieved on: 
Wednesday, January 12, 2022

"Today, we announce the annual GSV EdTech 150," said Luben Pampoulov, Partner at GSV Ventures.

Key Points: 
  • "Today, we announce the annual GSV EdTech 150," said Luben Pampoulov, Partner at GSV Ventures.
  • Excitingly, more companies are serving all sectors than ever before, with 9% of the GSV EdTech 150 serving all three major sectors.
  • North America specifically the United States is the most represented region accounting for 56% of the GSV EdTech 150.
  • 11% of the GSV EdTech 150 hail from India, whose market is experiencing explosive growth with five EdTech unicorns that include BYJU's, Eruditus, Unacademy, Upgrad, and Vedantu.