Saying “MOOCs have taken India by storm” would be an understatement.
Since the start of the higher education “eLearning” craze in 2006, MOOCs and other web-based open education initiatives have taken off and developed into an industry of its own.
A report released by the University of Pennsylvania’s Wharton School of Business brings good news for MOOCs.
Two trending articles in online learning this week as summarized by MOOCS.com
New York Times – ‘Coursera, an Online Education Company, Raises Another $43 Million’
The industries top MOOC, Coursera has raised another $43 million in funding from domestic and international venture capital investors. Their current investment partners included Kleiner Perkins, NEA, and now the International Finance Corporation (World Bank). With the new funding, Coursera is expected to double their current employees from ~50 to over 100. The new funding will fuel growth in areas such as mobile applications and its Signature Track certification offerings. Since starting just over a year ago, Coursera has signed on 83 educational institutions and offers over 400 free college-level courses to more than four million students around the world.