Paytm Education Brings Focus On Learning And Exams With Fee Payments, Financial Services

Paytm has announced its entry into the Indian education market, with Paytm Education. The platform, which will compete in the lucrative $101.1 Bn education market, is said to offer a full bouquet of services across payments (in-app and educational centres), commerce (coaching, scholarships, test preparation, admission forms etc.), financial support (student insurance, educational loans, EMIs, smart cards) and academic services. Paytm Education is looking to tap all areas in partnership with educational institutions, both private and government. It’s going after private entrance tests as well as public university tests, and government jobs,…

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Facebook may actually benefit adult mental health

It is a common belief that using social media platforms can adversely affect people’s mental health, but new research has shown that using these networking sites can reduce an adult’s risk of experiencing depression or anxiety. Social media may improve the mental health of adults by helping them maintain social relationships, new research finds. Facebook’s reputation has sunk in recent years for a variety of reasons, including its role in the 2016 elections and the recent data breach. In addition, studies have suggested that social media can cause psychological distress, loneliness, and depression.…

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Budget 2019: New education policy to focus on research

Rs 400 crore allocated for setting-up world-class education institutes The Centre on Friday allocated Rs 400 crore for setting up world-class education institutes and announced ‘Study in India’ programme that will aim at attracting foreign students to the country. Presenting the first Budget of the NDA government in its second term, Union Finance Minister Nirmala Sitharaman said the government will bring in a new national education policy to transform India’s higher education system to one of the best in the world. The policy proposes major changes in both school and…

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[Funding alert] Education financing startup Propelld raises Rs 15 Cr from Stellaris Venture Partners and India Quotient

Propelld, a Bengaluru-based fintech startup that enables student education loans, on Monday, announced that it has raised Rs 15 crore from Stellaris Venture Partners and India Quotient. Existing investor India Angel Network Fund (IAN Fund) also participated in the round. Other investors in the round include Raghunandan G, founder of Taxiforsure and Ramakant Sharma, founder of Livspace, who participated as members of Stellaris’ Founder Network. Bibhu Prasad Das, Founder, Propelld said, “We are expanding the education credit market by creating tailor-made loan products with inputs from our institute and NBFC partners,…

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Lifestyle goods resale marketplace StockX raises $110M, pushing valuation past $1B

Detroit-based StockX,  which provides a way for people to resell luxury and lifestyle goods including streetwear, bags, watches and shoes, is now valued at over $1 billion based on its most recent raise of $110 million, just revealed by the New York Times. Alongside the raise, StockX is bringing on a new CEO – ecommerce vet and former eBay SVP Scott Cutler. Cutler replaces co-founder Josh Luber at the helm of the company, but he’ll continue to be the “public face” of the company according to the NYT, which is not unusual for…

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PM pitches for corporate investment in agriculture

“Agriculture is the backbone of rural economy. But we need to change the old ways of thinking,” Prime Minister Narendra Modi said. “We need to think beyond partisan lines to hand-hold the farmer. The corporate world has no investment in agriculture beyond making tractors. There needs to be more investment in food processing, building warehouses, facilitating the movement from seed to the market. We need to have a futuristic vision for agriculture,” Modi said in his reply on the motion of thanks on the President’s address in the Lok Sabha…

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