Lucrative tutoring

The Austrian online tutoring company Go Student has secured a further financing round of 300 million euros. This means that the start-up is now valued at three billion euros, said GoStudent. The company had already collected 205 million euros last June and thus achieved the status of “unicorn”, ie a valuation of over one billion euros. The current financing round is led by the new investor Prosus. The Dutch investment company is one of the world’s largest technology investors. Other donors include the Telekom Innovation Pool (Deutsche Telekom), Softbank and the Chinese Internet company Tencent. Last year GoStudent expanded into 16 countries including Canada and Mexico. The workforce was increased by 1,000 employees and 10,000 tutors. The number of tutoring units booked each month has increased tenfold.

Reference-www.sueddeutsche.de

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