EdTech

Vietnamese edtech firm EQuest Education Group has announced the successful raising of $120 million through a combination of debt from creditor, and equity from its existing investor KKR’s Global Impact Fund.

Ruangguru, an Indonesia-based education technology company, has completed the acquisition of Mclass, an online learning platform in Vietnam that offers live teaching solutions to students. The acquisition is Ruangguru's strategic move to expand its reach and increase its capabilities in the region.

Explico, a Singapore based edtech startup, announced Wednesday that it has successfully secured $1.4 million in pre-series A funding. Key investors include Astonic Ventures Singapore, MAVIS TUTORIAL CENTRE, which is one of the largest local tuition centres and Singapore Asia Publishers, the well-known publishing house and a few angel investors.

TinyTap, an edtech subsidiary of Hong Kong-based gaming firm Animoca Brands, educational games, has on Tuesday announced that it has raised $8.5 million. The funding comes from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others.

With an aim to build India’s first business school focused on creating startup leaders, Indian education services provider Mesa School of Business (Mesa), has raised INR 34 Crores ($4.1 milllion) from Elevation Capital and notable angel investors.

Prep, the Vietnam-based online learning platform that specializes in standardized language test preparation, has on Tuesday announced that it has raised $1 million co-led by East Ventures and Cercano Management.

Maqsad, a Pakistan-based edtech, has announced a $2.8 million seed round led by Speedinvest and returning investor Indus Valley Capital.

In the interview, Yao also shared the trends driving innovation in the EduTech industry and how has COVID-19 sped up the acceptance of online learning and hybrid learning.

BytePlus, the enterprise arm of ByteDance that supports businesses in accelerating their digital transformation capabilities, has signed a Memorandum of Understanding (MoU) with EduSpaze, a leading Singapore-based education technology (EdTech) accelerator, to tranform Singapore's EdTech sector with machine learning.

South Korea-based edtech startup Mathpresso announced Tuessday it has completed a Series C extension round, which brings the round’s total to approximately $70 million. The newest round was participated by Signite Partners – a corporate venture capital arm of Shinsegae Group and YBM – one of Korea’s largest education management companies.