Bridging gaps in education
Softbank Group has joined India’s education market by leading a $150 million investment in local startup Unacademy. Th...
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Softbank Group has joined India’s education market by leading a $150 million investment in local startup Unacademy. The deal shows Softbank is willing to invest in startups while it focuses to raise cash to help weather the pandemic. Softbank was founded in 2015, and it offers online education programs to help students prepare for competitive tests such as the country’s civil services exam. The company is said to have currently over 350,000 paying subscribers. Much of India’s education has shifted online as a result of the pandemic. And so by bringing quality education to a vast network of students for the first time, Unacademy and Softbank hope to bridge the privilege gap in India.Â
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Bridging gaps in education
Softbank Group has joined India’s education market by leading a $150 million investment in local startup Unacademy. The deal shows Softbank is willing to invest in startups while it focuses to raise cash to help weather the pandemic. Softbank was founded in 2015, and it offers online education programs to help students prepare for competitive tests such as the country’s civil services exam. The company is said to have currently over 350,000 paying subscribers. Much of India’s education has shifted online as a result of the pandemic. And so by bringing quality education to a vast network of students for the first time, Unacademy and Softbank hope to bridge the privilege gap in India.Â
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