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Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba

TechCrunch

Zuoyebang offers online courses, live lessons and homework help for kindergarten to 12th grade students, and claims about 170 million monthly active users, about 50 million of whom use the service each day. In comparison, there were about 200 million K-12 students in 2019 in China, according to the Ministry of Education (link in Chinese).

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India’s higher education startup Sunstone raises $35 million

TechCrunch

Sunstone, a higher education startup that collaborates with academic institutions to help upskill their students for employability, has raised $35 million in a new financing round as it looks to expand to more Indian cities. Piyush Nangru (left) and Ashish Munjal co-founded Sunstone in 2019. “Take MBA, for example.

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Chegg Donates $50K to Stevens Institute of Technology, Fueling Student Innovation

American Entrepreneurship

Chegg CEO Nathan Schultz emphasized the companys dedication to modernizing education and fostering student-led innovation. The iSTEM program is a shining example of how innovation in education can empower students to turn bold ideas into reality. Marshall Anthony Jr.,

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Udacity raises $75M in debt, says its tech education business is profitable after enterprise pivot

TechCrunch

Online education tools continue to see a surge of interest boosted by major changes in work and learning practices in the midst of a global health pandemic. “We’re seeing tremendous demand on the enterprise and government side,” said Gabe Dalporto, Udacity’s CEO who joined the company in 2019. Education is in session.

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Kahoot drops $50M on Drops to add language learning to its gamified education stable

TechCrunch

The popular startup, which lets people build and share educational games, has picked up Drops, a startup that helps people learn languages by way of short picture and word-based games. This could be one reason why it’s kept costs low: in 2019 it reported gross revenues of $7.5 million (€6.3 million), with cash conversion of 40%.

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Three choices to make this International Anti-Corruption Day

Young Leaders of the Americas Initiative

According to Transparency International’s 2019 Latin America Barometer , 77% of survey respondents in Latin America and the Caribbean are ready and willing to tackle corruption. Make sure your employees are educated about your company’s policy toward bribes, whistleblowing, and other related issues. By Kaelyn Vitale . They are right.

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One woman’s path to financial empowerment leads the way

Young Leaders of the Americas Initiative

2018 YLAI fellow Kenishia Mais is the founder of ThrivingDollars , a financial education platform empowering young adults with the tools and resources they need to make smarter decisions, create their ideal financial lives, and gain the freedom to pursue more of what they love.