Page 15 - Edtech

Edtech investment cooling in 2023 but growth outlook remains strong

A leading example is Byju's, a company that has come to epitomise the challenges facing this sector

Funding into edtech sector plunges 48% in 2023 due to decreased demand

Experts said that the demand-supply mismatch between teachers and course availability in offline education is expected to fuel the growth in the sector in the coming years

USA's PowerSchool acquires Indian edtech firm Neverskip for undisclosed sum

The deal will lead to the two companies creating a unified technology platform for school operations

Byju's and lenders postpone legal battle, aim for out-of-court settlement

The parties are working on reaching a forbearance agreement, and discussions are still ongoing

India among biggest edtech centres, tech, people impt: Anthology Global CEO

India is one of the biggest edtech centres in the world and is among the key markets of US-based Anthology, its recently-appointed CEO Bruce Dahlgren said. Anthology, a global edtech company, is operational in 80 countries and has 150 million consumers. It is present in India since 2000 and has three offices -- two in Bengaluru and one in Chennai. "I made it a point to ensure that I come to India in my first few weeks itself because of the importance of technology and the people here," Dahlgren, who is visiting the country for the first time after taking charge of the Florida-based company a few weeks earlier, told PTI. Without sharing details about its India presence, the company said they are among the global leaders in the edtech sector. Dahlgren said more than 25 per cent of its employees are Indian. "Much of the innovation and concepts around the future come from India. So, it's not just (for) development or a support or services it's actually about the innovation," he said,

Edtech giant Byju's CBO Prathyusha Agarwal, two senior executives quit

These exits come at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital

Byju's business head Prathyusha Agarwal resigns amid reorganisation

Agarwal had joined Byju's in February 2022 from Zee Entertainment Enterprises. Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company

Byju's top executive Cherian Thomas quits, joins Impending Inc as CEO

Thomas played an integral part in setting up the US operations at edtech giant Byju's and was also responsible for spearheading the business of Byju's owned educational gaming firm Osmo as its CEO

Unacademy's sacked teacher says firm acted under social media pressure

Unacademy sacked teacher Karan Sangwan on Saturday alleged that the firm terminated his service under pressure from trollers on social media who misinterpreted his generic remark to vote for educated candidates. In a video on his YouTube channel, Sangwan said he made the generic remark on his YouTube channel and not during his lecture at Unacademy. "Why did termination happen? There is a pressure which gets built and you burst under its load. You (Unacademy) could not deal with the pressure. Therefore, under pressure you had to take an action which you may have not desired to or you desired to...I don't know. I can't say anything about what your intentions were?" Sangwan said. Sangwan said that Unacademy acted against him without hearing him out. "You directly sent me a termination notice," Sangwan said, adding that to hide the pressure, Unacademy used the term "code of conduct" without defining a political statement. He said that Unacademy cited views expressed by a Twitter accou

In fresh round of layoffs, edtech giant Byju's lets go of 100 employees

His appointment coincides with a difficult period for Byju's, once heralded as the most valuable edtech company but now making headlines for the wrong reasons

Andhra Pradesh, edX join together to make students globally ready

The Andhra Pradesh government and edX, a leading e-learning platform have entered into an agreement to evolve a roadmap for bolstering existing varsity courses to propel state students to be globally ready by learning modern technologies. edX will collaborate with AP higher education department (HED) to create a roadmap for enhancing its online courses designed by top global institutions such as MIT, Harvard, Oxford, Cambridge and other universities. edX representatives met Chief Minister Y S Jagan Mohan Reddy at his camp office today. "edX may work with Andhra Pradesh HED to explore training and learning needs, identify learning gaps and curate MOOCs (massive open online courses) from within edX's existing online campus subscription catalogue with respect to the requirement of the current curriculum of both professional and conventional degree programmes," said an official press release. Both the entities are expected to jointly launch technologies and pedagogies for teaching and

Physics Wallah to cross Rs 2,400 cr in revenue in FY24, says co-founder

Where Byju's acquisitions were indiscriminate, PW's are measured, says co-founder

Anurag Tiwari appointed as National Academic Director for Unacademy Centres

Learning plarform Unacademy on Friday announced the appointment of Anurag Tiwari as the National Academic Director for Unacademy Centres. Prior to joining Unacademy, Tiwari served as the National Academic Director at Aakash Educational Services Ltd for 13 years. "An accomplished educator with over 18 years of experience in the education sector, Anurag brings a wealth of expertise and a proven track record to his new role," Unacademy said in a release. Founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015, Unacademy is a learning platform with a growing network of 91,000-plus registered educators and over 99 million learners. Unacademy Group comprises Unacademy, Graphy, UnacademyX, NextLevel, and Prepladder. "We are certain that his presence will further amplify our dedication to providing high-quality education to all learners and ensure we make a lasting impact on the educational landscape," Unacademy co-founder and CEO Gaurav Munjal said.

Hiring for fresh talent rises 3% in HY23, shows job market optimism: Study

Hiring intent for all categories of jobseekers increased to 73%: TeamLease

Byju's lenders accused of using bogus loan-default claims to gain control

The distressed-debt lenders are "playing hardball" to create leverage in negotiations to restructure the loan and causing problems for Byju's executives

Byju's misses August 3 deadline to rework $1.2 billion loan terms

Byju's said no deadline had been missed as "August 3 was merely a hopeful date that was likely to be scheduled for a sign off"

Byju's Aakash unit forced to rework board after breaching loan agreement

Davidson Kempner, which manages more than $38 billion, forced the changes in Aaksah's board as the borrower was in breach of some covenants on a $250 million loan

Troubled Byju's misses target to amend its $1.2 billion loan terms

The company failed to decide on revisions sought by lenders in the loan's terms, including part repayment and higher interest payment

As startups lay off staff to cut costs, employees head out for job hunt

Employees not just from edtech but also from commerce and digital media startups are looking out for new jobs amidst massive layoffs

Education ministry selects Oracle Cloud Infrastructure to modernise DIKSHA

The Ministry of Education has selected Oracle Cloud Infrastructure to modernise national education technology platform Digital Infrastructure for Knowledge Sharing (DIKSHA), the company said on Wednesday. The migration will help make DIKSHA more accessible and lower its IT costs. The platform supports 1.48 million schools across 35 states and Union Territories and is available in 36 Indian languages. "We have transformed and migrated DIKSHA onto Oracle Cloud Infrastructure (OCI)," said Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite Asia Pacific and Japan, at a briefing. Under the seven-year collaboration pact, OCI will help the ministry use DIKSHA to provide educational resources to millions of additional students, teachers and collaborators across the country. DIKSHA was built for school education and foundational learning programmes and represents one of India's largest and most successful Digital Public Infrastructure (DPI) ...