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News on Medial
VCs conservative on edtech, content firms: Coursera CEO
Livemint
·
1y ago
Medial
The downfall of Byju's, India's leading edtech startup, has had a ripple effect on the tech industry, causing caution among venture capital and private equity funds. Coursera CEO Jeff Maggioncalda mentioned in an interview that the edtech industry in India and China is facing challenges. He also stated that content creator-based edtech startups are struggling to attract investors due to a lack of differentiation and distribution. Despite the challenges, Coursera expects consistent global growth and aims to be profitable by the fourth quarter of 2022. Maggioncalda also mentioned the importance of regulations for the industry's future in India.
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Coursera bets on generative AI courses to drive growth, with India leading in enrollments: APAC MD
Economic Times
·
9m ago
Medial
Coursera, the edtech platform, is experiencing significant growth in enrollments for its generative AI (genAI) courses, with India leading the charge. India currently has 26 million registered learners on Coursera, second only to the US. However, India surpasses the US in enrollments for genAI courses. Coursera offers over 500 genAI courses and expects to continue growing its India learner base to around 28-29 million by the end of the year. The company is also actively seeking acquisitions to enhance its content offering and expand into new markets.
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AI may not impact higher education segment much: Eruditus’ Ashwin Damera
Money Control
·
2y ago
Medial
Damera's remarks about the disruptive effects of AI coincide with the growing discourse on the influence of generative AI models such as ChatGPT in the global edtech sector. Prominent companies like Byju's, Coursera, and Khan Academy are embracing these models to enhance their services
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Singapore-based Eruditus plans to shift HQ to India for IPO
Livemint
·
1y ago
Medial
Indian edtech firm Eruditus is planning to change its domicile from Singapore to India in preparation for an IPO, according to the company's CEO. Eruditus offers online courses from various universities, competing with Coursera. The move is driven by the allure of India's high stock market valuations and ample liquidity. While the company has begun preparations for an Indian IPO, the actual listing is expected to take place in at least two years. The decision to shift domestic jurisdiction offers companies better access to capital and a more favorable regulatory environment.
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Down rounds continue as VCs worry about exit opportunities, claims report
Business Today
·
2y ago
Medial
VC investors are cautious about investing in late-stage startups due to concerns about valuations and exit opportunities, particularly affecting Series D and higher-level deals, as noted in a KPMG report. Indian startups like BYJU'S and OYO have faced valuation markdowns of nearly 50% after the 2021 funding boom. IPO plans of firms like boAt, PharmEasy, and Snapdeal have been deferred, with the IPO market remaining inactive. The report suggests that startups are focusing on operational efficiency and profitability to enhance market appeal. Despite reduced funding, sectors like gaming, edtech, agritech, and fintech continue to attract investor attention.
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ChatGPT effect: Coursera sees signups for AI courses every minute in 2023
Economic Times
·
1y ago
Medial
According to Coursera CEO Jeff Maggioncalda, the platform has been adding a new user every minute to its artificial intelligence courses in 2023. This surge in signups indicates a growing interest in upskilling to tap into the potential of generative AI. Coursera aims to offer AI courses in collaboration with frontrunners like OpenAI and Google's DeepMind. The company currently offers over 800 AI courses and provides personalized tutoring through its AI assistant called "Coach."
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Attracting global VCs to bridge late-stage funding gap: DIFC Innovation Hub CEO
VCCircle
·
3m ago
Medial
The DIFC Innovation Hub, led by CEO Mohammad Alblooshi, is seeking to attract global venture capital firms to address the late-stage funding gap in Dubai's startup ecosystem. While early-stage funding is abundant, growth-stage capital is lacking, necessitating efforts to draw international investors to the region. The hub, hosting over 1,240 tech firms, offers regulatory support and aims to unlock local capital, positioning Dubai as a hub for fintech and AI innovation.
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Phenomenal AI in talks with VCs for capital ahead of product rollout
VCCircle
·
1y ago
Medial
Phenomenal AI, a startup specializing in artificial intelligence (AI), is in talks with venture capital firms to secure funding for its video content creation platform. The company is aiming to raise $20 million for its first round of funding. Phenomenal AI uses generative AI technology to develop its platform. The successful funding will enable the company to further develop and roll out its product.
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Former Cleartrip CEO taps VCs to roll out quick commerce venture
Economic Times
·
11m ago
Medial
Former CEO of Flipkart-owned Cleartrip, Ayyappan R, is planning to launch a quick-commerce retail venture that aims to deliver premium products within 20-30 minutes. Talks for seed funding with venture capital firms Accel and RTP Global are underway. The venture, dubbed "Costco for India," will cover various retail categories, including FMCG, health and fitness, and fashion, and will operate on a subscription model. India's quick-commerce market is expected to reach around $22 billion in gross merchandise value (GMV) by 2027.
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AI needs to encourage students to think and not give away too much: Coursera's Jeff Maggioncalda
Money Control
·
2y ago
Medial
Jeff Maggioncalda, the CEO of Coursera, emphasized the importance of encouraging students to think critically rather than relying solely on artificial intelligence (AI) to provide answers. He suggested that AI should strike a balance, providing guidance while not giving away too much. Maggioncalda highlighted the significance of nurturing students' ability to problem-solve and think independently in the learning process.
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AI will change the quality, accessibility of digital education: Coursera CEO
Economic Times
·
1y ago
Medial
According to Jeff Maggioncalda, CEO of Coursera, access to digital education will play a crucial role in unlocking India's economic potential. He believes that generative artificial intelligence (GenAI) can bridge the gap between average and high performers, making the world a more equal place. COVID-19 has paved the way for online education and remote work opportunities, offering a unique advantage to the people of India. Furthermore, AI will not only create the need for upskilling but also improve the quality and affordability of education. Coursera aims to assist businesses in training employees through its GenAI academy and help organizations reskill and redeploy their staff through its career academy.
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