Edtech

Adda247 lays off over 20% employees amid restructuring and IPO plans

The development comes at a time when Adda247, which has raised around $67 million to date, is preparing for a public listing over the next 12 to 18 months

SC upholds arbitral award in Aakash dispute, rejects Paramount's plea

Top court declines to interfere with Delhi High Court ruling affirming arbitral award directing Paramount Learning to pay dues to Aakash Educational Services

Edtech firm Adda 247 targets public listing within next 12 to 18 months

Adda247 eyes IPO in 12-18 months, focusing on profitability and skilling expansion as it prepares for public market debut

AI adoption to influence salary growth within 2-3 yrs: TeamLease Edtech CEO

As organisations increasingly recognise that artificial intelligence boosts productivity, employees using AI are likely to gain an edge in increments over the next 2-3 years, particularly in sectors such as technology, GCCs and BFSI, TeamLease Edtech founder and CEO Shantanu Rooj said. Companies in India are no longer treating AI skills as optional experimentation - they are moving into the core capability stack, Rooj told PTI. "Recent employer and workforce studies show that 92 per cent of Indian knowledge workers already use AI at work, and 80 per cent of leaders in India say they would prefer a less experienced candidate with AI skills over a more experienced one without them," he stated. At the same time, Rooj said national industry estimates suggest India's demand for AI professionals could cross 1 million by 2026, which means companies are now thinking about AI not just as a tool, but as a workforce strategy. "Organisations are set to increasingly move toward AI-influenced ..

Ed-tech start-up AITS raises $4 million in pre-Series A funding round

AITS raises $4 million to expand Rysen School across Tier-II and III cities, targeting 100,000 students with tech-driven learning and 100 new campuses in three years

AI-led innovations to contribute 40% to revenue in 3-5 years: LEAD Group

The ed-tech firm expects AI-led products to power future growth, with tools like Ms Curie and Fluento driving personalised learning across schools in India

PhysicsWallah set to acquire stake in test-prep platform Rojgar With Ankit

While the financial details are not known, according to sources the transaction is likely to be valued at around Rs 300-400 crore

UpGrad targets 50 offline centres in 1 year, 3 to open this month

Edtech firm plans to scale its offline footprint to 50 centres in 12 months, focusing on Tier-II and Tier-III cities amid rising demand for job-ready skills

Edtech firm PhysicsWallah rakes in ₹205 crore during Vishwas Diwas event

Edtech firm reports 36 per cent rise in collections and strong enrolment growth during its flagship 20-day Vishwas Diwas period

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