Education
Blackstone backs India's Aakash Educational
The Blackstone Group has invested an undisclosed sum in New Delhi-based Aakash Educational Services with a view to building India’s largest digital omnichannel test preparation company.
Huaxing, Hillhouse lead $50m round for China's Hetao 101
Hetao 101, a Chinese online education platform dedicated to computer programming for children, has raised $50 million in Series B funding.
VIG acquires Korean education business
VIG Partners has agreed to pay KRW165 billion ($137 million) for a controlling stake in D.Share, an online-offline English language education provider in Korea.
KKR buys majority stake in India's EuroKids from Gaja
KKR has acquired a majority stake in Indian education services provider EuroKids International, facilitating a full exit for local GP Gaja Capital with a 6x return.
India's VC-backed Vedantu raises $42m Series C
Indian online tutoring service Vedantu has raised $42 million in a Series C round led by Tiger Global Management and WestBridge Capital.
LGT acquires India impact investor
LGT Group has acquired a majority stake in Indian impact investor Aspada from an investment arm of Open Society Foundations, a George Soros-founded charitable institute.
Chinese calligraphy tuition platform raises $28m
Hexiaoxiang, a Chinese online education service that teaches calligraphy to kindergarten and primary school children, has closed a Series B funding round worth RMB200 million ($28 million).
KKR joins round for Chinese online education platform
KKR and GGV Capital have led a $85 million funding round for Huohua, a Chinese online education platform specializing in mathematics and science.
Kaizen commits $10m to Vietnam's Yola
Indian education-focused GP Kaizen Private Equity has made its first investment in Vietnam, committing $10 million to English training company Yola.
Alibaba leads Series D for China education start-up
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
Ping An invests in PE-backed Chinese online education start-up
Ping An Insurance has made a strategic investment in iTutorGroup, a Chinese online education platform that previously raised four rounds of funding, the most recent at a valuation of $1.6 billion.
QIA leads $150m round for India's Byju's
Indian educational technology developer Byju’s has raised $150 million in a funding round led by Qatar Investment Authority, the sovereign wealth fund of Qatar.
India's Unacademy secures $50m Series D
Indian education platform operator Unacademy has closed a $50 million Series D round from a group of investors including Sequoia Capital India.
Advantage buys Japanese niche education businesses
Advantage Partners has acquired two Japan-based education assets – vocational training provider Abitus and Tokyo Central Japanese Language School (TCJ).
Gaorong-backed GSX Techedu loses ground after $208m US IPO
GSX Techedu, operator of Chinese online education platform Baijiahulian, raised $207.9 million in its US IPO, but a flat first day of trading was followed by a 4.6% decline on day two.
Chinese O2O language training provider files for US IPO
Meten International Education Group, a Chinese online-to-offline (O2O) English language training provider that mainly caters to adult students, has filed for a US IPO. DG Capital is the primary PE investor in the company.
Wu Capital leads round for Chinese vocational training business
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.
Chinese online education player Baijiahulian files for US IPO
Baijiahulian, a Chinese online education platform that provides after-school tutoring services for primary and secondary school students, has filed for a US IPO. The company’s backers include Gaorong Capital.
Deal focus: Gaosi Education stresses its B2B credentials
As China's mainstream online tuition players battle for the hearts, minds and wallets of end users, Gaosi Education found a niche targeting the B2B market. It recently raised $140 million to accelerate expansion
Australian online tutoring start-up gets $14m Series A
Cluey Learning, an Australian start-up that provides personalized online tuition services for elementary through high school students, has raised A$20 million ($14 million) in Series A funding from Allectus Capital and Thorney Investment Group.
Primavera backs Chinese maths-focused education platform
Primavera Capital Group has led a RMB300 million ($45 million) Series D round for online mathematics education platform Yangcong 345, with participation from Beijing Kunlun Technology and existing backer Legend Capital.
Warburg Pincus leads Series D for China's Gaosi Education
Gaosi Education, which provides tutoring services to schools and other educational institutions in China, has raised $140 million in Series D funding led by Warburg Pincus.
ADB, Kaizen back Philippines education business
The Asian Development Bank (ADB) and education-focused Kaizen Private Equity have invested PHP1.6 billion ($31.5 million) in Phinma Education Holdings, the tertiary education arm of Philippines-based conglomerate Phinma.
Australia's BGH closes in on Navitas buyout
Australian education services provider Navitas has agreed to a A$2.1 billion ($1.5 billion) buyout offer from BGH Capital, AustralianSuper, and Rod Jones, the company’s co-founder and CEO.