Education in India: 70 Lakhs 2 Lakhs 14 Crores 58 Hours 81 Crores
Education in India: 70 Lakhs 2 Lakhs 14 Crores 58 Hours 81 Crores
Online Educatio
Education in India
Schools in India
2 Lakhs
Colleges in India
0.26
Lakhs
18
%
14
Crores
58
Hours
Mobile Penetration
81
Crores
US$ 40
billion
Unstructured Courses:
Quora
WikiPedia
Yahoo Answers
Forums
Modes
70
Lakhs
E-Learning
Structured Courses:
Massive Open Online
Courses (MOOCs)
Online facility by
universities (INSEAD)
Government
facilitations (NPTEL)
Coursera
For Profit MOOC
Tuitions, scholarships, tests, peer to peer evaluation,
forums and discussions,
Founded in 2012
Initial partnership with universities like Stanford
University, Princeton, the University of Michigan, and the
University of Pennsylvania
116 institutes partnered for course content
Workforce of 120 people
Available in 12 languages with a user base of 22 million
across 190 countries
US$ 85 Million of funding and US$ 1 million in revenues
till Dec 2013
Andrew Ng
Founder &
Chairman
Asso. Prof of Computer
Science at Stanford
University
Daphne Koller
Founder &
President
Rajiv Motwani Prof of
Comp Sci at Stanford
University
Richard C.
Levin
CEO
F. W. B. Professor of
Economics at Yale
University
Funding
Venture Funding
$16M
April 18, 2012
Kleiner Perkins
Caufield &
Byers
New
Enterprise
Associates
$6M / Series A
Jul 17, 2012
Investors:
New
Enterprise
Associates
Kleiner
$43M / Series B
Jul 10, 2013
Investors:
Learn
Capital,International
Finance Corporation, GSV
Capital, Laureate
Education, Inc.. Yuri
Milner, World Bank
$20M / Series B
Nov 24, 2013
Investors:
GSV Capital
Learn Capital
Signature Track
Introduced in January 2013
Signature Track securely links coursework to real identity via a verified certificate, which costs
between $30 to $100.
Almost a year later, Coursera had hit $4 million in revenues through 25,000 sales of verified
certificates among its 4.7 million students.
Specializations
To obtain a Specialization certification, a student has to earn a verified certificate in each of the
course listed under that Specialization. The final step is a capstone project.
Snapdeal and Shazam have partnered with The Wharton School, while Instagram will work with
University of California, San Diego and 500 Startups with University of Maryland