Brazilbased Descomplica 83m Softbank | Softbank Share Price
Descomplica’s mission is to make Brazil’s best online college. Quarterly earnings showed that Cogna Educao SA, Brazil’s largest academic institution, had 820,000 students enrolled in its Kroton higher training division. Descomplica assists these students to prepare for standardized assessments that will allow them to gain admission into universities and the authorities. Descomplica also offers undergraduate courses and has over 5 million monthly customers.
Softbank, Invus Group, and U2 guitarist The Edge were just a few of the notable buyers who poured cash into the corporation for this latest spherical. Descomplica now has the funding it needs to fulfill its goal of becoming Brazil’s largest online college.
Descomplica was founded in 2011 by three Brazilian entrepreneurs, Rodrigo Mazza and Gustavo Gouveia. The company was founded as a test-prep platform to help college students prepare for the Brazilian college entrance exam, also known as the vestibular.
Descomplica added undergraduate programs to its offerings in 2013. In the next twelve months, Descomplica launched a mobile app. Grupo A acquired Descomplica in 2015. However, the three founders still held a minority share of the company.
Descomplica received $50 million from Softbank Imaginative and prescient funds and other buyers in 2018. These funds were used by the corporate to expand its operations and hire new employees. They also opened a workplace in the USA.
Descomplica announced that it had raised $83 million more from Softbank and other buyers in 2019. The company plans to use the funds to acquire and develop new products, along with 33 additional programs, over the next 12 months.
Merchandise and Companies
Descomplica offers a variety of undergraduate and test-prep programs. You can find the corporate’s merchandise online and through its mobile app.
Descomplica offers test preparation programs to help college students prepare for the Brazilian college entrance exam, also known as the vestibular. Additionally, the corporate offers programs to prepare college students for the Brazilian authorities’ civil service exam.
Descomplica also offers undergraduate programs. Programs offered by Descomplica are available online and include video lectures, application assessments, and tutor suggestions.
Descomplica serves 5 million monthly customers. Descomplica’s merchandise is available in Brazil, the USA, and other countries.
What is the Brazilian college entrance exam?
Brazilian college entrance exam, also known as the vestibular or the vestibular, should be taken by all college students to ensure admission to a Brazilian college.
What is the Brazilian civil service examination?
To be eligible for certain Brazilian authorities jobs, college students must pass the civil service exam.
What is brazilbased descomplica
Descomplica, a Brazilian startup for test-prep, has received $83 million from Softbank and other buyers. The company plans to use the funds to acquire and develop new merchandise along with 33 programs in the next 12 months.