Edtech

Education tech company PhysicsWallah to acquire stake in exam prep platform

The deal is currently in the final stages and if it goes through, it would mark the company's first acquisition post its public listing which happened in November last year

Simplilearn makes new appointments to fast-track global expansion

Simplilearn has appointed three senior leaders to strengthen marketing, business and finance functions as it accelerates global expansion and AI-led learning initiatives

PhysicsWallah gets ₹263 crore tax notice, says will challenge order

Edtech firm Physicswallah has received an income tax demand notice of Rs 263.34 crore for the assessment year 2023-24. The demand was raised after the Income Tax Department treated investments received by the company from investors during the period, including funds from SEBI-registered Category II Alternative Investment Funds (AIF), as taxable income, Physicswallah said in a regulatory filing. The company plans to challenge the assessment order. "Based on its preliminary assessment, the company believes that it has strong legal and factual grounds to file an appeal before the appropriate appellate authority," Physicswallah said. PhysicsWallah posted about a 33 per cent increase in consolidated profit to Rs 102.27 crore in the December quarter. Its revenue from operations also grew about 33 per cent to Rs 1,082.41 crore during the quarter from Rs 809.67 crore a year earlier. Shares of Physicswallah settled 7.87 per cent higher at Rs 86.81 crore on the BSE on Wednesday. The statut

Testing times for edtech sector: Deals and funding remain scarce

The latest deal is UpGrad's second offer in two months

UpGrad plans to acquire edtech platform Unacademy in all-stock deal

If the deal closes, upGrad's integrated model will be on a strong trajectory, said Ronnie Screwvala, cofounder of upGrad, on X

Over 66% parents, teachers say EdTech AI use amplifies risks: Report

The report found that 35 per cent of EdTech-using children were using GenAI for learning, while 51 per cent of EdTech-using teachers reported using GenAI for teaching and school-related activities

Physicswallah falls 4% after Q3 results; 20% down from IPO listing price

Physicswallah had reported a 33 per cent year-on-year (Y-o-Y) increase in its net profit to 102.3 crore compared to ₹76.7 crore in the year-ago period

Edtech company PhysicsWallah Q3 net profit rises 33% to ₹102 crore

The company's revenue from operations stood at Rs 1,082.4 crore, up 34 per cent year on year from Rs 809.7 crore in the year-ago period

Indian edtech firms step up expansion, driven by familiar demographics

As Byju's and Unacademy struggle, Indian edtech firms like upGrad, Simplilearn and BrightCHAMPS expand steadily across Southeast Asia and West Asia

Eruditus partners with foreign universities to set up campuses in India

Eruditus partners with seven global universities to launch campuses in India from 2026, offering internationally recognised degrees amid shifting student mobility trends

Myntra's Bansal, Flipkart's former exec Ranjan to launch edtech firm

Myntra co-founder Mukesh Bansal and ex-Google executive Peeyush Ranjan have launched Fermi, an AI-first STEM edtech platform targeting India and the US

Unacademy retreats from offline expansion as founder bets on digital growth

Gaurav Munjal plans to franchise or sell physical centres while folding Airlearn into the company's core online platform

Ed-tech firm LEAD Group targets partnering with 1,200 schools in 2026

With nearly 8,500 schools already on board, LEAD Group is planning its next growth phase ahead of a proposed FY28 IPO

Edtech firm Aakash seeks RBI clarity on funding used in rights issue

Edtech firm Aakash had approached National Company Law Tribunal (NCLT) in the interest of all stakeholders, as it was unable to utilise the funds received from TLPL

Delaware court reverses $1 billion judgment against Byju Raveendran

Court agreed that damages had not been determined and ordered a new phase to commence in early January 2026 to determine any damages related to claims against Raveendran

PhysicsWallah Q2 results: Net profit jumps 70% to ₹69.7 cr, revenue up 26%

PhysicsWallah reported a nearly 70 per cent rise in Q2FY26 net profit to Rs 69.7 crore, while revenue grew 26 per cent and adjusted EBITDA margin improved to 26 per cent in its first post-IPO results

Byju's parent company RP moves NCLAT against Aakash's rights issue

Think & Learn challenges Aakash Educational Services' decision to withhold shares worth ₹25 crore; NCLAT to hear the matter on December 16 amid related AWS appeals

Upgrad narrows loss for FY25 to ₹273 crore, revenue rises over 5%

Edtech firm Upgrad has reported a narrowing of loss to Rs 273.35 crore in the financial year ended March 31, 2025, according to a regulatory filing shared by market intelligence Tofler. The edtech firm had posted a loss of Rs 559.5 crore in the same period a year ago. When contacted, Upgrad said, "The profit before tax is a loss of Rs 273.75 crore, and adding back depreciation, interest, and other income, we have an EBITDA positive of Rs 15 crore." The revenue from operations of Upgrad increased by 5.5 per cent to Rs 1,569.3 crore during the reported fiscal from Rs 1,487.62 crore a year ago. On a standalone basis, Upgrad loss narrowed to Rs 333.25 crore while its revenue from operations grew 5.5 per cent to Rs 1,074.54 crore in FY'25 from Rs 1,018 crore in FY'24. The standalone total income of Upgrad increased by 4.4 per cent to Rs 1,119.62 crore from Rs 1,071.59 crore in FY'24. "Upgrad Education Private Limited operates as an online higher education company, reported its revenue

Proofs show lenders misled on $533 million claim: Byju Raveendran

Edtech firm's founder plans $2.5 bn defamation suit against GLAS Trust, RP

PhysicsWallah makes solid debut; analysts split on outlook; hold or sell?

PhysicsWallah stock made a solid debut on Dalal Street, listing at ₹145 on the NSE, a 33 per cent premium compared to the issue price of ₹109