Byju’s is the most popular educational platform in India. In total, the startup has already raised $ 1.3 million. The platform saw a significant increase in both free and paid users during March: the total traffic from the website and applications grew by 150% which guaranteed an influx of 6 million new users.

According to the open sources, the startup is now attracting $ 400 million with a valuation of $10 billion. If the team manages to close the round with the declared amount, Byju’s will become the second most expensive startup in India.

So what does this mean? Another Indian project is attracting crazy money with an incredible valuation, but this can be explained quite simply: The educational project named Byju’s attracted 6 million new students in just a month during the coronavirus pandemic! With the transition of the world to online edtech, the vertical got a second wind. I think that in the near future we will see major changes in the entire education system, universities, schools, etc. are under threat, because campuses are no longer limited to fences and territories, the battle for students and influence goes to the network and as they say — “change or die. ”

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2. Edtech unicorn startup ApplyBoard from Canada has raised $75M At $1.4B valuation (Source)

Robinhood is an investment application that allows users to sell and buy American stocks, options, ETFs and cryptocurrencies with zero commission. The company’s activities are regulated by the SEC — the Securities and Exchange Commission.

The lead investor in the F-round of the company was the Sequoia Capital fund. As for now, the total investment of the company has reached $ 1 billion, and the cost of Robinhood has reached $ 8.3 billion. Financing will be used to scale the company and launch new products.

This year alone, more than 3 million new accounts were registered in the application, approximately 50% of them are newcomers to investing. Only in March, the company’s revenue amounted to $ 60 million — 3 times more than in February.

So what does this mean? Everyone wants to buy and sell shares, but at the same time pay little or no commission at all. Robinhood is a very convenient tool for trading in a new way, without large commissions, brokers and other attributes of the old disgusting past. And the control by the SEC guarantees the security of invested funds, which is very important in the current crisis. Old players with their outdated model and exorbitant commission appetites will have to change their approaches. The trend towards simple and convenient applications with an intuitive interface where the purchase and sale of shares is transformed from a complex task into everyday life, will continue growing.

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Comments given by Gabil Tagiev, CEO Rocket DAO, business angel