iTutorGroup - About the company
iTutorGroup is an acquired company based in Shanghai (China), founded in 2008 by Eric Yang. It operates as an Online education platform providing interactive language training and on-demand learning from experts. iTutorGroup has raised $315M in funding from investors like Goldman Sachs, GIC and Qiming Venture Partners. The company has 551 active competitors, including 41 funded and 15 that have exited. Its top competitors include companies like Tandem, Busuu and Verbling.
Sectors and market segments that iTutorGroup operate in
iTutorGroup serves in the EdTech market segments.The primary business model of iTutorGroup is:Company Details
Online education platform providing interactive language training and on-demand learning from experts. Includes vipabc, TutorABC, and tutorJr for English-language learning, TutorMing for Mandarin Chinese language learning platforms. Uses big data analysis and advanced algorithmic to match students, teachers, and digital content.
- Website
- itutorgroup.com
- Email ID
- *****@itutorgroup.com
Key Metrics
Founded Year
2008
Location
Shanghai, China
Stage
Acquired
Total Funding
$315M in 4 rounds
Latest Funding Round
Investors
Ranked
8th among 551 active competitors
Employee Count
904 as on Mar 31, 2026
Exit Details
Acquired by Ping An (Jul 12, 2019)
iTutorGroup's acquisition details
iTutorGroup got acquired by Ping An on Jul 12, 2019 at an acquisition amount of $1.6B.
Click here to take a look at iTutorGroup's acquisition in detail
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iTutorGroup's funding and investors
iTutorGroup has raised a total funding of $315M over 4 rounds. Its first funding round was on Apr 25, 2012. Its latest funding round was a Series C round on Nov 18, 2015 for $200M. 5 investors participated in its latest round. iTutorGroup has 13 institutional investors.
Here is the list of recent funding rounds of iTutorGroup:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 18, 2015 | $200M | Series C | - | - | ||
Mar 10, 2014 | Undisclosed | Series B | - | - | - | - |
Feb 17, 2014 | $100M | Series B | - | - | - |
View details of iTutorGroup's funding rounds and investors
iTutorGroup's founders and board of directors
Founder? Claim ProfileThe founders of iTutorGroup is Eric Yang.
Here are the details of iTutorGroup's key team members:
- Eric Yang: Co-Founder & CEO of iTutorGroup and founder of 3 other companies, TutorGroup, LiveH2H and TutorMing.
View details of iTutorGroup's Founder profiles and Board Members
iTutorGroup's employee count trend
iTutorGroup has 904 employees as of Mar 26. Here is iTutorGroup's employee count trend over the years:
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iTutorGroup's Competitors and alternates
Top competitors of iTutorGroup include Tandem, Busuu and Verbling. Here is the list of Top 10 competitors of iTutorGroup, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | App-based language learning platform | $8.66M | 74/100 | ||
2nd | Busuu 2008, London (United Kingdom), Acquired | Mobile-based platform providing social networking solutions for learning languages | $11.2M | 62/100 | |
3rd | Verbling 2011, Walnut (United States), Acquired | Offering solutions for live video language learning | $7.26M | 61/100 | |
4th | Provider of online language, intercultural, business coaching, and mentoring programs | $10.9M | 60/100 | ||
5th | Online tutoring for learning foreign languages | $83M | 60/100 | ||
6th | Online corporate language learning solution | - | 58/100 | ||
7th | One on one language tutoring platform | $3.15M | 55/100 | ||
8th | iTutorGroup 2008, Shanghai (China), Acquired | Online education platform providing interactive language training and on-demand learning from experts | $315M | 55/100 | |
9th | Lingumi 2015, London (United Kingdom), Acquired | Pre-school English language learning through the interactive device | $7.68M | 55/100 | |
10th | Educational apps for English and Japanese language learning | $1.8M | 54/100 |
Looking for more details on iTutorGroup's competitors? Click here to see the top ones
iTutorGroup's Investments and acquisitions
iTutorGroup has made no investments or acquisitions yet.
News related to iTutorGroup
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Tutoring firm settles US agency's first bias lawsuit involving AI softwareReuters•Aug 11, 2023•iTutorGroup, EEOC
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Tutoring Firm Settles EEOC’s First Bias Lawsuit Involving AI SoftwareInsurance Journal•Aug 11, 2023•iTutorGroup
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China’s Ping An Insurance acquires stake in edtech firm iTutorGroupDeal Street Asia•Jul 12, 2019•Ping An, iTutorGroup, Alibaba, Temasek and 9 others
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Insurance giant Ping An is looking to buy ed tech startup iTutorGroup for USD 500 millionKrASIA•Jun 12, 2019•Ping An, iTutorGroup, Temasek, Alibaba Capital Partners and 7 others
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iTutorGroup Announces Appointment of Sung-Min Chung as Group CFOPR Newswire•Jan 14, 2019•iTutorGroup
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Rosetta Stone Hires Seasoned Technology ExecutiveRosetta Stone•Aug 21, 2018•Rosetta Stone, iTutorGroup
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