Page 15 - Edtech

Edtech ConveGenius builds SwiftChat conversational AI platform on AWS

Amazon Web Services (AWS) India on Thursday announced that edtech social enterprise ConveGenius has built a conversational artificial intelligence (AI) chatbot on its platform for government schools and low-free private schools. The conversational AI chatbot platform -- SwiftChat -- aims to improve learning outcomes for school students using more than 53 conversational AI chatbots that deliver personalised learning content in 13 regional languages to over 100 million students across India. ConveGenius has built SwiftChat Conversational AI Platform on AWS, a release said. "Using the SwiftChat platform, which holds 124 million student profiles across 19 million devices, government schools can create omnichannel chatbots to deliver personalised learning, like curated videos and read-along content, through a single AI-enabled chatbot conversation," it said. Besides the personalised learning, SwiftChat offers teacher training and data-driven decision-making for school administrators, ..

Byju's elevates Arjun Mohan as CEO of India business, Mrinal Mohit quits

Arjun Mohan, a member of the founding team who most recently served as the Chief Business Officer, has rejoined the company after a stint at Ronnie Screwvala-led UpGrad

Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees

According to the new timeline provided in an email to sacked employees, employees can now expect to receive their outstanding payments by November 17, as against the earlier September 15 deadline

Manipal Global Education forays into edtech, plans Rs 100 cr investments

Manipal Global Education has entered into the edtech space with the launch of Manipal MedAce in which the organisation plans to initially invest over Rs 100 crore in the development of content for the platform, a senior official of the said on Thursday. Manipal Global Education Services (MaGE), Managing Director and CEO, Ravi Panchanadan told PTI that the institution is leveraging its expertise and resources for the foray in the edtech sector starting with learning modules for medical courses and test preparation for medical aspirants. "With MedAce we've combined our 60-year expertise in delivering top tier medical content using the latest digital technology in a user-friendly manner," Panchanadan said. The Manipal MedAce app will have learning modules for MBBS students and test preparation modules for NEET PG aspirants. He said that Manipal has invested Rs 50-60 crore initially in the development of the MedAce and the company estimates investments of another Rs 50 crore over a per

Lenders allege Byju's hid $533 million in obscure 3-year-old hedge fund

Byju's denied the charge, saying its credit agreement with lenders did not prohibit or restrict the usage, movement or investment of funds

Byju's hid $533 mn in hedge fund once run from Miami IHOP, allege lenders

"Byju's has gone to great lengths to conceal the whereabouts of borrower's $533 million for the admitted purpose of hindering and delaying" creditors, they argued in Miami-Dade County court filings

Byju's changing fortunes: From buying spree to selling crown jewels

The valuation of the company led by Byju Raveendran jumped to $15 billion by April 2021. Raveendran used the funds to acquire some 20 companies worldwide

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

The lenders are evaluating Byju's proposed amendment and have reportedly asked for more information about the loan repayment proposal

Byju's puts Epic, Great Learning on sale to raise $800 million-$1 billion

Byju's is hoping to earn between $400-$500 million from the sale of Epic, which is a US-based kids' learning company

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