Page 11 - Edtech

Germany overtakes Canada as premier study abroad destination: upGrad report

The 2024 Study Abroad Trends Report 3.0 find that study-abroad aspirants prefer countries in the European Union, prioritising education quality, affordability, and job opportunities

Intent to hire freshers improves by 6% for first half of 2024: Report

Intent to hire freshers in the first half of this year has improved by 6 per cent compared to the same period a year ago, as employers' confidence grows in the country, a report said on Tuesday. There is an increase of 6 per cent for the first half of 2024 compared to H1 of 2023 for freshers' hiring in India, TeamLease EdTech's Career Outlook Report HY1 (January-June) report said. "Employers played the conservative card for some time now and hiring had slowed down amidst global turmoil. However, our recent report reveals employer confidence in India's growth story. "Organisations are more confident about their future paths, which reflects in their high confidence to recruit fresh talent and strengthen their talent pool," TeamLease EdTech founder and CEO Shantanu Rooj said. The TeamLease EdTech's Career Outlook Report HY1 (January-June) report is based on a survey among 377 freshers and 149 employers conducted during July-September 2023. The report further revealed that the top thr

Edtech unicorn Emeritus: Now a case study by Harvard Business School

The case study follows the journey of Damera, an HBS alumnus, and Kalipatnapu, an alumnus of INSEAD, who shared a dream of making societal impact by bringing access to high-quality education

68% Indian companies intend to hire freshers in first half of 2024: Report

The intent to hire freshers in India has increased as compared to last year: TeamLease EdTech report

Physics Wallah founder waives off fee worth Rs 17 cr for 51,000 students

Edtech major Physics Wallah on Monday said its Founder Alakh Pandey has waived off fees for 51,000 underprivileged students for the 2023-24 academic year. The fee waiver was given for various courses spanning NEET, JEE, commerce, arts, and standard 9-12 coaching, under the company's Right to Education programme, the company said in a statement. "Physics Wallah's Founder and CEO, Alakh Pandey has given a full fee waiver on some of its paid batches to 51,000 students for the academic session 2023-2024 to support those from economically weaker sections of society," it said. The total cost amounting to the contribution in terms of waiving the fee is over Rs 17 crore, as per the statement. "We aim to encourage them and provide hope that we stand by them, and financial constraints won't hinder their Right to Education," Pandey said.

upGrad commits Rs 100 crore for 100 'connect and counselling' hubs

Initial reactions have been strong, with over 500 career counselling sessions in the first 30 days. The goal is for the 100 centres to counsel over half a million individuals on their career moves

Startup world gauges spillover effect of edtech firm Byju's web of crises

Byju's income grew to Rs 5,298.43 crore in FY22. But its losses widened to Rs 8,245.2 crore in FY22. Its total expenses for FY22 rose by 94 per cent to Rs 13,668.44 crore

Byju's pays Jan salaries; Raveendran says moving mountains to make payroll

"To be clear, this fight is only against a few vested interests who were trying to sabotage the company by impeding the rights issue," CEO Raveendran said in a letter addressed to the employees

Byju's fights back: Investors have no voting rights on CEO change

The edtech company responded to statements from select investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran

Byju's claims 'certain investors' are conspiring against company

Byju's is facing multiple challenges, including a cash crunch, delays in financial reporting and legal disputes with lenders

Key shareholders of Byju's call for EGM, want CEO Raveendran to quit

The current board of Byju's parent Think and Learn mainly consists of Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran

NIIT Learning Systems Q3 results: Net profit rises 23% to Rs 57 crore

NIIT Learning Systems on Wednesday posted a 23.27 per cent rise in its consolidated profit after tax at Rs 56.7 crore in the third quarter ended December 2023. The company had posted a PAT (profit after tax) of Rs 46 crore in the same period a year ago, NIIT Learning Systems said in a regulatory filing. The company's revenue from operations increased by 7.7 per cent to Rs 391.32 crore in the December 2023 quarter from Rs 363.29 crore in the corresponding quarter a year ago. "Business saw an uptick in sequential growth on the back of continuing addition of new customers and 100 per cent renewals despite compression of spends. We are making a strong commitment to investing in AI for improving effectiveness of learning interventions and are getting positive response from our customers," NIIT Learning Systems Limited (NLSL) Executive Director and CEO Sapnesh Lalla said. NIIT MTS added two new MTS (Managed Training Services) customers during the third quarter of FY'24. At the end of the

Ranjan Pai may invest additional $50-60 million in Byju's-owned Aakash

Pai may intend to make additional investments in Aakash to spur business growth and scale the business during the upcoming enrolment season

Cash-strapped Byju's to raise $200 mn after taking 99% valuation cut

Equity rights issue likely at post-money valuation of $230-250 million

Byju's to raise $200 million via rights issue from existing investors

Byju Raveendran said that Byju's is now less than a quarter away from achieving operational profitability

62% educators in India use GenAI to enhance educational delivery: Teamlease

The study carries insights from 6,313 educators, including primary school teachers, high school instructors, college professors, and educational professionals across the country

US lenders take Byju's to NCLT to initiate insolvency proceedings

The lenders said this was done after over 16 months of efforts on behalf of the Ad Hoc Group to restructure the loans

Ranjan Pai to own 40% in Byju's Aakash Institute, make it debt-free

Aakash Institute's board has approved the conversion of Ranjan Pai's $300 million investment, making him the principal shareholder and rendering the company debt-free

Focus on reducing losses, bring in efficiency: Byju's India CFO Golani

The company has taken various measures to improve the company's operating financial conditions including scaling down the underperforming businesses significantly

Edtech major Byju's to slash $22 bn valuation by 90% to raise fresh funds

The company is focusing on rebuilding its core business and will double down on recent attempts to jump on to the next big bandwagon in education