Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Online education solutions provider Aurus Network has raised a Rs 18-crore series A round in equal partnership with IDG Ventures and Kalaari Capital, which it will invest in its flagship product SuperProfs.com.
SuperProfs offers live online lectures, or classroom solutions, to students through its teachers and professors. “With the new round of funds, we will invest in R&D, mobile technology and expand our product offerings to include more courses like IIT, and IAS study material at SuperProfs,” said Piyush Agrawal, chief executive officer at Aurus Network.
The company currently has about 25,000 registered students and 100 professors on its platform. “We are a curated marketplace in the online education space and our objective is to get only the most qualified and credible professors on our platform. Our focus is not on volume, but on the quality of teachers,” Agarwal added. Original post at ET Telecom