About iTutorGroup
iTutorGroup is a company based in Shanghai (China) founded in 2008 was acquired by Ping An in July 2019.. iTutorGroup has raised $315 million across 4 funding rounds from investors including Goldman Sachs, Ping An and Temasek. iTutorGroup operates in a competitive market with competitors including Tandem, Busuu, Speak, Lingoda and Verbling, among others.
- Headquarter Shanghai, China
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$315 M (USD)
in 4 rounds
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Latest Funding Round
$200 M (USD), Series C
Nov 18, 2015
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Investors
Goldman Sachs
& 8 more
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Employee Count
Employee Count
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Acquired by
Ping An
(Jul 12, 2019)
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Funding Insights of iTutorGroup
iTutorGroup has successfully raised a total of $315M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $200.0M
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First Round
First Round
(25 Apr 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series C - iTutorGroup | Valuation | GIC , Russia-China Investment Fund | |
| Mar, 2014 | Amount | Unspecified - iTutorGroup | Valuation |
investors |
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| Feb, 2014 | Amount | Series B - iTutorGroup | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iTutorGroup
iTutorGroup has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Ping An and Temasek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity fund.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iTutorGroup
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iTutorGroup
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Itutorgroup Comparisons
Competitors of iTutorGroup
iTutorGroup operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tandem, Busuu, Speak, Lingoda and Verbling, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A language learning app facilitating user-driven conversation exchanges.
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| domain | founded_year | HQ Location |
Social networking for language learning is enabled via mobile platform.
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| domain | founded_year | HQ Location |
Speak is recognized as an AI-driven language learning application.
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| domain | founded_year | HQ Location |
Online language tutoring is delivered via native speakers.
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| domain | founded_year | HQ Location |
Offering solutions for live video language learning
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| domain | founded_year | HQ Location |
Multiple languages are taught via online SaaS and app platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Itutorgroup
Frequently Asked Questions about iTutorGroup
When was iTutorGroup founded?
iTutorGroup was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is iTutorGroup located?
iTutorGroup is headquartered in Shanghai, China.
Is iTutorGroup a funded company?
iTutorGroup is a funded company, having raised a total of $315M across 4 funding rounds to date. The company's 1st funding round was a Series B of $100M, raised on Apr 25, 2012.
What does iTutorGroup do?
The company was founded in 2008 and is headquartered in Shanghai, China. It operates in the online education sector, focusing on language learning through platforms such as vipabc, TutorABC, and tutorJr for English, and TutorMing for Mandarin Chinese. Interactive training sessions and on-demand content from experts are provided, with big data analysis and algorithms used to match students, teachers, and digital materials.
Who are the top competitors of iTutorGroup?
Who are iTutorGroup's investors?
iTutorGroup has 9 investors. Key investors include Goldman Sachs, Ping An, Temasek, Qiming Venture Partners, and GIC.
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