Edtech
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Edtech unicorn upGrad CEO steps down

The aspects of growth and other metrics were just outcomes of giving customers what they aspired for,” he said. His last date of employment will be January 15.

published on : 11th January 2023
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Success is no copy-cat dream

Girard says we don’t want things, we want to be things. Many venture capitalists don’t want to think contrarily; they want to be contrarian.

published on : 8th January 2023
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Edtech funding drops 39 per cent in 2022, says report

Funding in the edtech sector has witnessed a significant drop, about 39%, in 2022 compared to last year.

published on : 9th December 2022
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Amazon to shut online learning platform Academy's operations in India; students to get refund

Customers will have access to full course material online for an extended period of a year, until October 2024.

published on : 24th November 2022
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Byju’s receives Rs 300 crore loan from Aakash

Unsecured loan provided by the subsidiary to the edtech giant at 7.5% interest rate 

published on : 28th October 2022
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Private engineering colleges to reach leading IT companies for developing industry-oriented course modules

Keeping this in mind, this year, the college is signing an agreement with Coursera, an online learning platform. This apart, the college has also entered into an agreement with L&T EduTech.

published on : 7th October 2022
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Unacademy eyes profitability by early next year

At a time when profits remain elusive for edtech companies, edtech unicorn Unacademy is confident of achieving profitability by early next year.

published on : 27th September 2022
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Is Byju’s widening losses a sign of trouble?

Edtech major Byju’s, which released its financial results for FY21 on Wednesday, is yet to make final payments for the billion-dollar tuition chain Aakash Educational Services deal.

published on : 16th September 2022
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BYJU's have to pay Rs 2,000 crores to clear Aakash acquisition deal on September 23

If BYJU's does not pay Aakash by September 23, the edtech major will need to knock at the Reserve Bank of India's doors for completing the transaction.

published on : 15th September 2022
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 KnowledgeHut upGrad to acquire three companies across categories

Edtech unicorn upGrad, is planning to acquire two to three companies in the next three months. It is looking for small companies such as UX skilling firm that is valued at Rs 5 crore.

published on : 22nd August 2022
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 KnowledgeHut upGrad to acquire three companies across categories

Edtech unicorn upGrad, is planning to acquire two to three companies in the next three months. It is looking for small companies such as UX skilling firm that is valued at Rs 5 crore.

published on : 22nd August 2022
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First ‘Made in India’ RT-PCR kit to detect monkeypox unveiled

Stating that the test kit is easy to use, the CMD explained that the RT-PCR assay has a uniquely formulated primer and probe for enhanced accuracy.

published on : 20th August 2022
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Edtech unicorn upGrad raises $210 million, now valued at $2.25 billion

The founder group -- Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli -- invested $12.5 million in this round to maintain their over 50% ownership in the edtech platform.

published on : 8th August 2022
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Massive layoffs, business restructuring: Is India’s edtech bubble bursting?

Even top firms that closed huge funding rounds are now struggling to raise a few million

published on : 31st July 2022
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Start-ups focus on profitability in the first half

In the first half of 2022, start-ups attracted private equity/venture capitalist deals of $5.1 billion, and also witnessed funding across segments- fintech, health tech and consumer-tech, the report s

published on : 23rd July 2022
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UpGrad buys Harappa Education for Rs 300 crore 

upGrad closed the transaction with Harappa shareholders -Bodhi Tree Systems and Co-Founders Pramath Raj Sinha and Shreyasi Singh. They will join the upGrad Cap table.

published on : 23rd July 2022
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Karti Chidambaram asks SFIO to probe BYJU’S finances

Apart from layoffs, BYJU’S is yet to file its financial results. Earlier, the company delayed payments to shareholders of tuition chain Aakash Educational Services which it acquired for $1 billion.

published on : 22nd July 2022
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Unacademy founders take pay cut, no free meals for staff

In an email to employees, the edtech giant founder and CEO Gaurav Munjal said, “Even though we have more than Rs 2,800 crore in the bank, we are not efficient at all.

published on : 12th July 2022
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Edtech company BYJU’S closes Aakash deal payments

The edtech giant also said that its fundraising is on track. “Our fundraising efforts are on track and the majority of the $800 million has been already received. The balance is also expected soon.”

published on : 5th July 2022
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BYJU’S group firm lays off 500 employees

The start-up has laid off around 300 employees. Earlier in April, close to 250 employees resigned when the company asked them to return to the office.

published on : 30th June 2022
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