LIVE online learning platform, Vedantu has acquired Instasolv, a doubt-solving app for students from Class 6 to 12 for science, mathematics, IITJEE and NEET. This is Vedantu's first acquisition in an EdTech company and the move aims to strengthen its focus in the instant doubt-solving space and reinforce presence in Tier 2 and Tier 3 markets.

After a disruption in operational cycles due to the COVID-19 outbreak, reports now indicate that green shoots are beginning to appear for the startup sector. In the special show ‘Rising With Resilience’, CNBC-TV18’s Shereen Bhan spoke to Ajay Ranjan, global head of transaction banking at Yes Bank; Saurabh Srivastava, former chairman of NASSCOM and founder of India Angel Network; Sharad Sharma, co-founder of ISpirit Foundation; and Nitin Kamath, founder & CEO of Zerodha to discuss the recovery in the startup ecosystem.

Launched in 2019 by Bengaluru-based couple, Sneha and Bharath, Kutuki's interactive learning app is built on a proprietary story and rhyme-based curriculum focusing on language, life skills, stem and general knowledge.

The report shows that nearly 77 percent of startups consider growth a focus area over profitability and 42 percent of startups aim to turn EBITDA profitable in 2 years.