admin Intensification e-learning procedures have opened new doors of opportunity for investment in the education sector. On Tuesday, SoftBank announced an investment valued at 215 million dollars in Kahoot-a Norwegian education start-up. A 9.7% stake has been claimed by SoftBank against the multimillion dollar investment. Kahoot, the Oslo based start-up, plans to invest the capital generated in new partnerships, joint ventures and acquisitions. This additional capital was accumulated by selling a fresh set of 43 million shares to SoftBank- at the price of 5 dollar per share. This investment is made to enhance growth of the e-learning startup.
E-learning at Kahoot!
Kahoot was founded in 2012 as a game-based learning platform that allows users to both create and participate in multiple choice quizzes. The market it caters to is diverse- comprising of both schools that seek to engage in e-learning methods as well as business ventures looking to create presentations and training sessions for their employees and clientele. This is an effective business model as it is able to capture a wide market share by focusing on a two-pronged approach. Earlier this year, Kahoot had investment inflow from US and European institutional investors. Twenty eight million dollars were raised to fuel growth during this June investment streak.
An Opportune Time for Growth
In an interview to CNBC, Kahoot CEO Eilert Hanoa was quoted saying that digital tools have evolved into the ‘most important toolkit’ neededto ‘create engagement’. He also expressed a desire to list the company on Oslo Stock Exchange – planning to launch an initial public offering by 2021. This investment and expansion strategy is extremely well-timed as the world embraces remote learning techniques during the ongoing pandemic crisis. As schools, colleges and universities disband their conventional modus operandi, e-learning is being embraced in an unprecedented way. The flourishing e-learning market is booming with fresh investment and expansion opportunities. The global pandemic has made these exploitable opportunities conspicuous. The share valuation of Kahoot- like many other remote learning platforms- has witnessed an unparalleled 150% hike since January. Kahoot is currently valued at approximately 2.2 billion dollars.
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