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Ed-tech unicorn LEAD Group eyes IPO within 12-18 months: Smita Deorah

The GSV Ventures- and Westbridge Capital-backed firm became a unicorn in 2022 and is now valued at $1.14 billion. The company currently services more than 8K schools and plans to add 3-4K schools

Ed-tech unicorn LEAD Group eyes IPO within 12-18 months: Smita Deorah
Updated On : 09 Feb 2025 | 8:57 PM IST

Edtech company Great Learning launches AI Mentor and AI Teacher

Since its rollout across select cohorts of learners over the past few months, the AI Mentor has made a significant impact, with over 400,000 coding hints generated

Edtech company Great Learning launches AI Mentor and AI Teacher
Updated On : 05 Feb 2025 | 8:29 PM IST

Hope 50% of our portfolio firms go public in 5 years: GSV Ventures CEO

He talks of India's edtech sector and the impact of artificial intelligence

Hope 50% of our portfolio firms go public in 5 years: GSV Ventures CEO
Updated On : 04 Feb 2025 | 10:49 PM IST

Cash-strapped Byju's executive, biz partner found in contempt of US court

Byju's manager Vinay Ravindra and company ally Rajendran Vellapalath failed to answer questions about their roles in stripping software, cash and other assets from Byju's US businesses

Cash-strapped Byju's executive, biz partner found in contempt of US court
Updated On : 30 Jan 2025 | 7:02 AM IST

Edtech startup Leap raises $65 mn in Series E round led by Apis Partners

Company provides services for studying abroad, has raised $200 million in equity since 2019

Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
Updated On : 29 Jan 2025 | 10:59 PM IST

Ed-tech firm upGrad to build Institute of AI Excellence in Maharashtra

Under the 'Educity' initiative of Maharashtra, upGrad will also establish an Urban University and Campus Hubs in partnership with three global universities -

Ed-tech firm upGrad to build Institute of AI Excellence in Maharashtra
Updated On : 24 Jan 2025 | 10:42 PM IST

EdTech woes: Why India's online & offline education platforms are crashing

India's EdTech sector, online and offline, is collapsing due to financial issues, safety concerns, and lack of student engagement, leaving many frustrated

EdTech woes: Why India's online & offline education platforms are crashing
Updated On : 24 Jan 2025 | 3:45 PM IST

NIIT MTS Q3 results: Net profit increases 9% to Rs 61.7 cr, revenue up 7%

NIIT Learning Systems on Wednesday reported a nearly 9 per cent increase in consolidated net profit at Rs 61.7 crore in the quarter ended December 31, 2024. It posted a net profit of Rs 56.7 crore in the year-ago period, according to a regulatory statement. Revenue from operations for the quarter under review came in at Rs 418.8 crore, up 7 per cent, from Rs 391.3 crore in the corresponding period of the previous fiscal. "In a tough economic environment, NIIT MTS' strong value proposition is resonating with clients and prospects, resulting in wallet share improvement and new client acquisition. Clients are starting to take advantage of NIIT MTS' innovative use of AI and technology in learning," said Vijay K Thadani, Vice Chairman and Managing Director, NIIT MTS. Seen sequentially, net profit and revenue saw a rise of 8.24 per cent and 5.38 per cent, respectively. The firm added two new global Managed Training Services (MTS) clients during the quarter, bringing its client tally to

NIIT MTS Q3 results: Net profit increases 9% to Rs 61.7 cr, revenue up 7%
Updated On : 22 Jan 2025 | 4:08 PM IST

Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal

The firm said the acquisition is a strategy to enforce stricter standards and an industry-first model code of customer acquisition

Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal
Updated On : 20 Jan 2025 | 4:02 PM IST

Over 2,000 startups in edtech sector shut shop in past five years

Edtech platforms, which experienced unprecedented growth during the pandemic-induced lockdown, are now grappling with a funding slowdown

Over 2,000 startups in edtech sector shut shop in past five years
Updated On : 14 Jan 2025 | 10:17 PM IST

Ed-tech unicorn PhysicsWallah expands offline presence to over 150 centres

PhysicsWallah offers two types of classes for students: Vidyapeeth, which are its offline centres, and Pathshala, which includes a hybrid model

Ed-tech unicorn PhysicsWallah expands offline presence to over 150 centres
Updated On : 09 Jan 2025 | 7:18 PM IST

Outlook 2025: Funding crash, layoffs shift edtech's focus on innovation

The ed-tech sector, however, was once referred to as the poster child of the country's startup landscape

Outlook 2025: Funding crash, layoffs shift edtech's focus on innovation
Updated On : 07 Jan 2025 | 10:48 PM IST

Chaudhry's Sparkl bags $4 mn from Zomato, Zerodha founders and others

Chaudhry, whose previous firm Aakash Educational Services (AESL) was bought by Byju's in 2021, has secured a seed investment of about $4 million for his new edtech venture Sparkl

Chaudhry's Sparkl bags $4 mn from Zomato, Zerodha founders and others
Updated On : 23 Dec 2024 | 2:16 PM IST

Less than 2% of higher edu institutes offer work-linked degrees: Report

Only 2 per cent of the higher education institutions (HEIs) offer work-linked degrees despite high demand, a TeamLease EdTech survey said on Tuesday. The survey also said that over 85 per cent of students interviewed endorsed work-linked degrees as the future. However, less than 2 per cent of HEIs currently offer such programmes, which underscores an urgent need for change, it said Around 80 per cent of students believe that work experience on their CVs will improve their chances of securing high-paying jobs, and 40 per cent of the respondents identify financial independence as a key driver behind their preference for work-linked degrees, the report added. Moreover, 66 per cent of students valued flexibility in learning schedules, and 56 per cent were drawn to on-the-job mentorship, it added. Such models resonate deeply with students' aspirations for learning that integrate seamlessly with their career goals, the report stated. These findings, it said, reveal a need for HEIs to a

Less than 2% of higher edu institutes offer work-linked degrees: Report
Updated On : 17 Dec 2024 | 8:12 PM IST

India emerges global leader in generative AI enrollments on Coursera

Indian learners prioritised practical applications of GenAI, moving beyond foundational courses to focus on workplace integration

India emerges global leader in generative AI enrollments on Coursera
Updated On : 10 Dec 2024 | 5:30 PM IST

NCLAT declines to lift stay on NCLT order barring Aakash from amending AoA

The National Company Law Appellate Tribunal has declined to lift the stay on the NCLT order, barring amendment of the Articles of Association of Aakash Educational Services, a subsidiary of the debt-ridden edtech major Byju. Disposing the petitions moved by Manipal Health Systems and Aakash Educational Services, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) on Friday asked them to file applications before the National Company Law Tribunal for vacating the order passed on November 20, 2024. A two-member bench granted them a week to file it and also directed the National Company Law Tribunal (NCLT) to decide it within three weeks thereafter. Moreover, the status quo would continue as directed by the Supreme Court in this matter, a 14-page-long NCLAT order said. An extraordinary general meeting (EGM) of Aakash Educational Services was scheduled to be held on November 20 to consider and approve alteration in the AoA, which was objected to by the minority ...

NCLAT declines to lift stay on NCLT order barring Aakash from amending AoA
Updated On : 07 Dec 2024 | 6:08 PM IST

Byju's woes continue: Content manager, biz partner face US court sanctions

Federal judge is considering imposing millions of dollars in sanctions on Byju's manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology

Byju's woes continue: Content manager, biz partner face US court sanctions
Updated On : 04 Dec 2024 | 7:04 AM IST

India leads globally in AI upskilling, says Udemy's Caoimhe Carlos

She says that the firm will hire its India head of customer success, ramp up the R&D centre to strengthen Udemy's core platform and build more AI features into its platform

India leads globally in AI upskilling, says Udemy's Caoimhe Carlos
Updated On : 03 Dec 2024 | 10:32 PM IST

After a prolonged winter, Indian edtech sector shows signs of recovery

Funding in the sector has increased by 153 per cent year-on-year (Y-o-Y), reaching $608.8 million across 68 deals in 2024 so far

After a prolonged winter, Indian edtech sector shows signs of recovery
Updated On : 02 Dec 2024 | 11:11 PM IST

Supreme Court bars Aakash from diluting rights of minority investors

Minority stakeholder Blackstone had appealed against the Karnataka High Court order that allowed Aakash to go ahead with the proposed amendments

Supreme Court bars Aakash from diluting rights of minority investors
Updated On : 29 Nov 2024 | 11:19 PM IST