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edtech

Indian edtech Unacademy cuts 10% of jobs • ZebethMedia

Unacademy has eliminated 10% of its workforce, or about 350 roles, in its second round of layoffs this year as the Indian edtech warns of harsh economic conditions. In an email to employees on Monday, Unacademy co-founder and chief executive Gaurav Munjal said the startup is cutting jobs across several verticals, many of which it is either scaling back or shutting down. “I want to apologize to everyone sincerely since we made a commitment of no layoffs in the organizations,” he wrote in the email, seen by ZebethMedia. “But the market challenges have forced us to reevaluate our decisions. Fund has significantly slowed down and a large portion of our core business has moved offline,” he added. The Bengaluru-headquartered Unacademy, valued at $3.4 billion, cut 1,000 full-time and contractual roles in April this year. “This decision has not been easy and I take complete responsibility. You have contributed immensely to the success of Unacademy and the team will always be indebted to you. There is no easy way to do this and this is definitely not the kind of separation I would have wanted. We will do our best to help everyone in these difficult times,” he said, adding that those leaving the firm will get severance pay equivalent of their notice period and of additional two months, accelerated one year of vesting period and medical Insurance coverage for additional one year. Unacademy has been undertaken several cost-cutting measures in recent quarters as it rushed to improve its finances and cut several experimental businesses.  In June this year, Munjal said that he and other founders will take a pay cut and shut down “certain businesses.” Edtech firms are among the most impacted startups in the current market downturn. Online learning platform Byju’s, India’s most valuable startup, has also announced plans to cut thousands of jobs this year. The startup has also postponed its IPO plans, but it is looking to list its offline subsidiary, Aakash, at a valuation of over $3.5 billion, ZebethMedia reported last week. (More to follow)

5Mins makes your employees better, a few minutes at a time • ZebethMedia

If you’ve ever had to sit through corporate training videos while you feel your will to live slowly ebb out of every pore of your body, a new startup has some good news for you. Describing itself as “the TikTok of workplace learning,” 5Mins recently raised a round of funding in a bid to introduce a bit of workplace learning in an attention-deficit world. The company adds gamification, social features, and “intelligent personalization.” The platform claims to already have a sizable database of 15,000+ bite-sized lessons, saying it covers more than a hundred topics of content spanning a range of technical and soft skills. The company raised a $5.7 million round at a $16 million pre-money valuation. The round was led by AlbionVC with Chalfen Ventures, Edenred Capital, Portfolio Ventures and Blue Lion Global. It says that, since going to market in March 2022, it has racked up more than a 100,000 lesson views and that its recurring revenue has grown 20x. 5Mins was founded by Saurav Chopra — previously co-founder and CEO at leading employee engagement platform Perkbox. “Our mission is to help companies build a learning culture so their people can unlock their true potential and we have come a long way in a short period of time,” said co-founder and CEO Chopra in an interview with ZebethMedia. “We are building the first global learning superapp that companies of all sizes can use to upskill everyone, improve employee retention and drive innovation.” The company is aiming to level the playing field for employee learning and development, giving SMBs and mid-market companies the best possible toolkit to unlock their teams’ potential. The goal is to even out the talent development pipeline. “While SMBs and Mid-Market companies will never have the Talent Development budgets big corporates have, with 5Mins we provide them with the most effective L&D tools to keep their employees engaged and to retain them for longer,” says Chopra. “What was clear to me while scaling Perkbox and serving thousands of employers was that the no. 1 reason why employees leave a company is lack of growth and development and it was also one of the top criteria for picking a place of work, especially for Gen Z and Millennial employees. Without the right development tools at their disposal, SMBs and mid-market companies risk being left behind in the battle for talent.” For the next 18 to 24 months, the company is focusing on building its team, taking the company to more countries and verticals, and building a more robust set of metrics to see the efficacy of the platform on business outcomes. “We would love for 5Mins to become the daily learning companion for employees worldwide who feel motivated and empowered by the growth and development they see in themselves, because they use the platform. If we accomplish that, we believe we will have helped transform hundreds of thousands of companies and therefore society,” Chopra lays out his long-term vision for the company. “Given growth and development is one of the top reasons employees join or leave a company, we want employees to be able to pick companies not just on the basis of their Glassdoor scores but based on the growth they can expect to experience.” I was curious what the founder had learned from using his own product. “Like any time-crunched founder with a million things to do, making time for learning (prior to 5Mins) meant spending hours on evenings and weekends researching and learning from the best content relevant to our business, our teams and I. I would then curate and share this content with the team who may not have the time to watch it in entirety,” Chopra says. “With very high-quality content from leaders and coaches on leadership, growth, culture development and org design available in bite-sized format that can be shared instantly with our team, 5Mins has become an integral part of the learning journey for the entire business, helping us to grow as we grow the business.”

Duolingo’s owl will now shout fractions at you • ZebethMedia

Duolingo is launching its math app to the public, and months after a beta version joined the app store. The math app, named Duolingo Math, is the first subject expansion that Duolingo has made beyond its original roots of language learning and literacy. And yes, it has punny notifications and nudges from Duo, infamous owl-turned cube (along with other characters evolved into mathematical figures), per lead engineer Sammi Siegel. It is available on iOS today, while Siegel said Android is on the radar once the app hits product-market fit. “Our mission has always been to provide high quality accessible education and I don’t think that necessarily stops at language learning,” Siegel said in an interview with ZebethMedia. “We’ve seen the stats on math, education and losses over the pandemic.” The engineer, who has been at Duolingo for four years, teamed up with four other colleagues to build the app with the goal of getting rid of adult and child “math anxiety” alike. Upon downloading the app, users are able to choose between an elementary version, which gets into basic math concepts such as multiplication and division, or an adult version, dubbed brain training, which focuses on similar concepts. Brain training is optimized for training mental math skills. Think less about division for the sake of division, and more about how to quickly compute the tip on dinner as the waiter hovers over your shoulder. While the app originally was built for children, Siegel said that the team introduced the more difficult, adult-focused version of the app somewhat recently. “We’ve noticed in our metrics, [that] brain training is slowly starting to creep up over elementary, but I think it’s still a little too early to tell exactly where those trends are going to go,” Siegel added. In the future, Duolingo’s math app may start to show even higher level math, such as linear algebra or college-level math; while its elementary focused app is more about gaining confidence in the classroom. Siegel said that the app is designed to include bite-sized lessons, interactive exercises, streaks and the same kind of “delight and animation” that has helped Duolingo scale to millions and millions of users. Image Credits: Duolingo The app, similar to its flagship language learning app, is free to use. Siegel said it will stay free for now, unlike Duolingo which launched a subscription tier over the past few years. As I said last year, language learning is a skill that is benefited by cultural context and nuance, while math revolves around the goal of getting to the one right answer. Siegel notes that the app does have questions, such as equivalent fractions, where there are a variety of answers, and that it progresses in difficulty as a user goes through the questions. Both areas of education require methodical thinking and the ability to apply functions to get to answers. In Duolingo’s whimsical product eyes, it seems like the team thinks both subjects could benefit from motivation and attention – even if it takes an Owl to get there. Synergies aside, the expansion puts Duolingo square into competition with math-focused edtech companies such as Khan Academy, Brilliant.org, Photomath, Numerade and the recently acquired Symbolab. It’s thus complicated how this new bet lines up with the fact that CEO and co-founder Luis Von Ahn mentioned that the majority of the company’s investment will remain on language learning products for the next 3 to 5 years. As mentioned in the Duolingo EC-1, von Ahn has always said that he and his co-founder, Severin Hacker, were thinking about making Duolingo a math app before they eventually decided on language learning. “I love math, but if you learn math, math itself can’t make you any money,” von Ahn said in a previous interview. “You learn math to learn physics to become an engineer, whereas knowledge of English directly improves your income potential in most countries of the world.”

Sequoia India eyes $50 million investment in K12 despite market slump • ZebethMedia

Sequoia India is in advanced stages of deliberations to invest over $50 million in K12 Techno Services, a startup that offers a range of services to education institutions and also runs its own chain of schools, doubling down on a firm that it first backed over a decade ago, two sources familiar with the matter told ZebethMedia. K12 Techno Services — which has raised over $75 million in previous rounds, according to Tracxn — also engaged with TPG and Accel in recent weeks but has decided to move ahead with existing backer Sequoia India, one of the sources said. The round hasn’t closed, so the terms of the investment may change, sources cautioned, requesting anonymity sharing nonpublic information. It’s unclear if anyone other than Sequoia is also investing in the round. K12 Techno Services runs Orchids – The International School chain in over two dozen cities in India. It operates over 90 schools where it teaches a range of subjects from robotics to philosophy for an individual’s “360-degree development.” Orchids has served over 75,000 students, according to its website. It also offers integrated curriculum, platform for online classes, and other school management applications to over 300 schools through its arm called Let’s Eduvate. “Our comprehensive solutions are scale-able and adaptable that work effectively for all types of schools. They are efficacious for various school management activities as designed for the overall growth of students, hence for schools,” it describes on its website. Sparkle Box, another arm of K12, runs an e-commerce store for custom-made activity kits aimed at children. K12 didn’t respond to a request for comment Thursday, whereas Sequoia India declined to comment. The deal represents Sequoia’s aggressive and multi-faceted approach to tackling the edtech market in India, where over 300 million students go to school and participate in competitive college entrance exams. It’s one of the earliest backers of Byju’s, Unacademy and Doubtnut that serve students from kindergarten to those preparing to enter colleges. It’s also an investor in Eruditus, which offers higher education to students in dozens of markets. Edtech startups in India — and beyond — are some of the most impacted by the ongoing market downturn that has reversed much of the gains made in the 13 years long bull run. The edtech industry in the South Asian market has cut nearly 5,000 jobs this year.

DigestAI’s 19-year-old founder wants to make education addictive • ZebethMedia

When Quddus Pativada was 14, he wished that he had an app that could summarize his textbooks for him. Just five years later, Pativada has been there and done that — earlier this year, he launched the AI-based app Kado, which turns photos, documents or PDFs into flash cards. Now, as the 19-year-old founder takes the stage for Startup Battlefield, he’s looking to take his company, DigestAI, beyond flashcards to create an AI dialogue assistant that we can all carry around on our phones. “If we make learning truly easy and accessible, it’s something you could do as soon as you open your phone,” Pativada told ZebethMedia. “We want to put a teacher in every single person’s phone for every topic in the world.” Quddus Pativada, founder at DigestAI pitches as part of ZebethMedia Startup Battlefield at ZebethMedia Disrupt in San Francisco on October 18, 2022. Image Credit: Haje Kamps / ZebethMedia The company’s AI is trained on data from the internet, but the algorithm is fine-tuned to recall specific use cases to make sure that its responses are accurate and not too thrown off by online chaos. “We train it on everything, but the actual use cases are called within silos. We’re calling it ‘federated learning,’ where it’s sort of siloed in and language models are operating on a use case basis,” Pativada said. “This is good because it avoids malicious use.” Pativada said that this kind of product would be different from smart assistants like Apple’s Siri or Amazon’s Alexa because the information it provides would be more personalized and detailed. So, for certain use cases, like asking for sources to use in an essay, the AI will pull from academic journals to make sure that the information is accurate and appropriate for a classroom. Despite running an educational AI startup, Pativada isn’t currently in school. He took a gap year before going to college to work on his startup, but as DigestAI took off, he decided to keep building instead of going back to school. Growing up, he taught himself to code because he loved video games, so he wanted to make his own — by age 10, he published a “Flappy Bird” clone on the App Store. Naturally, his technological ambitions matured a bit over time. Before founding DigestAI, Pativada built a COVID-19 contact tracing platform. At first, he just made the app as a tool for his classmates — but his work ended up being honored by the United Arab Emirates’ government. Image Credits: DigestAI So far, the outlook is good for the Dubai-based company. Pativada — who says he feels skittish about the CEO label, and prefers to think of himself as just a founder — has raised $600,000 so far from angel investors like Mark Cuban and Shaan Patel, who struck a deal on Shark Tank for his SAT prep company, Prep Expert. How does a 19-year-old in Dubai capture the attention of one of thee most well-known startup investors? A cold email. Mark, we apologize if this admission makes your inbox even more nightmarish. “I was watching a GQ video of Mark Cuban’s daily routine,” Pativada said. “He said he reads his emails every morning at 9 AM, and I looked at the time in Dallas, and it was about 9 AM. So I was like, maybe I should just shoot him an email and see what happens.” While he was at it, he reached out to Patel, whose educational startup has done over $20 million in sales. Patel hopped on a video call with the teenage founder, and by the next week, he and Cuban both offered to invest in DigestAI. “We raised our entire round through cold emails and Zoom,” Pativada told ZebethMedia. “It sort of helped because no one can see how young I look in person.” Before he decided to eschew college altogether, Pativada applied to Stanford and interviewed with an alumnus, as is standard in the admissions process. He didn’t end up getting into the competitive Palo Alto university, but his interviewer, who works at Stanford, did end up investing in his company. Go figure. “Our goal is to work with universities like Stanford,” Pativada said. The company is also targeting enterprise clients. Currently, DigestAI works with some U.S.-based universities, Bocconi University in Italy, a European law firm and other clients. At the law firm, DigestAI is testing a tool that allows associates to text a WhatsApp number to quickly brush up on legal terms. In the long term, DigestAI wants to create an SMS system where people can text the AI asking for help learning something — he wants information to be so accessible that it’s “addictive.” “That is what AI is — it’s almost the best version of a human being,” Pativada said.

Revyze is building the TikTok of educational videos • ZebethMedia

Meet Revyze, a French startup that is developing a mobile app for iOS and Android at the intersection of education and social. In many ways, Revyze looks just like TikTok. But it is focused specifically on educational content for teenagers. “We talked with kids attending 30 or 35 different high schools,” co-founder Florent Sciberras told me. “We asked them: ‘What do you think about school and what’s the best way to learn?’ And they told us that nobody had ever asked them those questions.” In hindsight, the answer was quite simple and obvious. They said that they would rather learn from their friends than their teachers. “They said ‘because they talk like us and they are like us,’” Sciberras said. And that’s probably the reason why educational videos are so popular on YouTube and TikTok — the hashtag #LearnOnTikTok is massively popular for instance. But there is an issue with mainstream social platforms. They aren’t designed specifically for education. If you watch an interesting video on TikTok, the social app might recommend something completely different when you skip to the next video. You end up jumping from math to dancing cat to physics to magic tricks… Revyze aims to be the TikTok of education — a commmunity-powered app with a sharp focus on high school education. Essentially, Revyze wants to unbundle education videos from TikTok — a very large social platform — so that they get the attention they deserve. At first, the Revyze team focused on France’s baccalauréat, the exam that you have to pass at the end of high school. They built a quick version of the app, put together a Discord community to spread the word and shared a few videos on TikTok and Instagram. In just a few weeks, Revyze managed to attract 35,000 downloads. They reached the #2 spot in the top free apps of the App Store — right behind Doctolib. Image Credits: Revyze This summer, Revyze raised a $2 million pre-seed round (€2 million) from more than a hundred business angels, such as Nate Blecharczyk, Jean-Charles Samuelian, Charles Gorintin, Mathilde Collin, Lenny Rachitzky, Thomas France, Julia Bijaoui, Roxanne Varza, Arion (Jacques Attali’s fund), Olivier Dacourt, Varsha Rao and others. firstminute Capital, Kima Ventures, AirAngels, Nomad Capital and Ligature VC also invested. Now, the company wants to turn this small experiment into a massive social/education app. “Our goal is to reach 500,000 users by the end of the year and to expand to the U.S. within 6 to 12 months,” co-founder Guillaume Perrot told me. Building the community behind the app So what does Revyze feel like? When you open the app, you get a TikTok-like feed of videos. These videos fill the entire screen and you can skip to the next video with a simple swiping gesture. There’s a three-minute limit on video length. On the second tab, you can explore the video library more granularly. You can select a topic, such as math or literature, and even select a chapter in the syllabus. Revyze started with French high school students in their final year and is progressively expanding to other grades. And because we are talking about educational content, Revyze is paying close attention to the videos that are uploaded to the app. When a user submits a video, it isn’t instantly live on the platform. “Videos are validated by us and by the community,” Perrot said. “We want to make sure that it’s high-quality content, that it’s accurate and that it isn’t off-topic. Eventually, there will be a peer moderation system and after that we will add a bit of machine learning.” What do you get when you post on Revyze? A warm fuzzy feeling. In more technical term, you amass reward points just like on Stack Overflow. These reward points are called EDU. You get 20 points when you post a video, and you get one point when someone thanks you for the video. Some teens post videos because explaining a concept is the best way to know for sure that they understand it perfectly well. Others want to climb the leaderboard. In the long-term, if web3 is more than just a fad, Revyze could also turn EDU into a currency to reward the community for their contributions. But that’s not the next item on the roadmap. Up next, Revyze is going to expand to more countries and more educational systems. There are also a ton of opportunities when it comes to personalizing the app for each user. Revyze plans to algorithmically sort videos so that they are relevant to your level and your way of learning — an algorithm with a focus on learning outcomes instead of watch time. This way, users should waste less time skipping videos to they find relevant content. “We aren’t a social network,” Sciberras said. “Our goal is that you should spend as little time as possible in the app to learn as much as possible.” Image Credits: Revyze

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