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HT Media invests Rs51cr in edtech startup betterU

HT Media is investing CAD$ 10 million ( approx Rs 51 crore) in Canada-based edtech startup betterU, which has operations in countries like India and China. The media group announced the development in its stock-exchange filing and said that betterU is in the process of seeking approval from Canada's TSX Venture Exchange which is expected by March 1, 2018. HT Media said that the investment will be made in 8 quarterly tranches of CAD$ 1.25 Million each, during the deal tenure of 2 years. Incorporated as betterU Education Corporation, the ed-tech startup aggregates courses for K-12, skills development, higher education and self-interest. It also provides courses for professional development. betterU has tied up with education providers, such as BSE Varsity, Udemy, EdX, and Merit Nation, to name a few, and offers their courses to customers in developing countries like India…

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