Even top firms that closed huge funding rounds are now struggling to raise a few million
Vedantu, after laying off 200 employees, had shared it's plan of hiring 1,000 employees this year.
Earlier, Byju’s had said that it will be launching 500 offline tuition centres by the end of this year.
Online tutoring platform Vedantu is likely to acquire Ronnie Screwvala-backed edtech start-up Lido Learning, which was on the verge of shutting down due to lack of funds.
The education statutory bodies like AICTE, UGC, etc have also issued advisories with regard to questionable practices by certain universities in the name of online degree programmes.
Under this programme, the top leadership and eligible active employees who have completed the vesting period will be able to liquidate their vested ESOP shares, according to a statement.