Page 19 - Edtech

Edtech giant Byju's 'skips' interest payment on $1.2-billion loan

Files suit against Redwood, alleging predatory tactics

Byju's announces plans for Aakash IPO in 2024 amid funding crunch

Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm

Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan

Byju's has to make an interest payment on the loan by June 5

Skill-Lync partners with TN Skill Development Corp to train 10,000 students

Ed-Tech platform Skill-Lync on Wednesday announced that it will train 10,000 students in partnership with the Tamil Nadu government. The company has so far trained up to 3,640 students from 364 colleges under the 'Naan Mudhalvan' programme, launched by the Tamil Nadu government, it said in a statement. Through this partnership, Skill-Lync provides its customised 19 professional course called Industry 4.0, which upskills students on emerging technology and helped optimise manufacturing across the industry. This partnership is accomplished in three phases, Faculty Development Programme (FDP), online learning and offline training, under which it has trained the students across Tamil Nadu in 105 colleges. "Our partnership with the Tamil Nadu government for Naan Mudhalvan scheme is a significant milestone. This allowed us unprecedented scale to improve the employability of engineering students by providing them with industry-relevant technologies. "Our vision of enabling students with

Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding

Scaler says it has merged Delhi-based coding instructor with itself for growth and expertise in business

upGrad Abroad to hire 500 freshers in 3 months to expand business

Edtech player upGrad's arm, upGrad Abroad, on Monday said it plans to add 500 members in the next three months to further expand its business footprints. The fresh recruits would be made across multiple sub-departments including sales, marketing, technology and product, upGrad Abroad said in a statement. This recruitment will mainly be fresh talent directly from college campuses and universities to accelerate employability. We have built a strong business model that is minimising geographical barriers not just for our learners but also for the back-end teams. Hence, it's critical for us to get more of such young employees on-board who are keen on international exposure and can work in sync with the brand's mission of easing the skilled talent mobility for several global economies," upGrad Abroad President Ankur Dhawan said. The vertical also expects to break even this year and cross Rs 500 crore of annual gross revenue during 2023-24. "We are building strong business pockets across

Physics Wallah to invest Rs 120 cr in 3 yrs to boost tech skilling platform

Edtech unicorn Physics Wallah plans to invest Rs 120 crore in the next two-three years to boost its technology skilling platforms, the company said on Friday. PW Skills plans to invest the corpus in development of technology and the platform, content including vernacular courses, onboarding industry experts and bolstering the ecosystem to provide jobs. PW co-founder Prateek Maheshwari said PW Skills aims to address the prevalent issue of inaccessibility and steep pricing of most technology and upskilling courses. He said that the courses often lack a focus on practical training and the teaching of basics, emphasising jargon instead. "There is a significant gap in training availability in vernacular languages. PW Skills is committed to bridging these gaps by investing Rs 120 crore in the next 2-3 years to bolster our offerings by providing quality content, taught from the basics by industry professionals, at highly competitive prices," Maheshwari said. The company is also planning

Litigants' claims in US court over loan to entity 'bewildering': Byju's

Edtech giant says creditors claim about hiding $500 million 'entirely incorrect'

Edtech major Byju's sued by an agent connected to its $1.2 billion loan

The lawsuit was filed by Glas Trust Company and investor Timothy R. Pohl against Byju's Alpha, Tangible Play, Inc. and Riju Ravindran

Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn

Byju's started negotiating its credit agreement after it breached investor protections on the debt by missing a deadline to disclose annual financial results

Ronnie Screwvala-led edtech unicorn upGrad records 10 mn enrolled learners

upGrad is evolving to become Asia's largest integrated learning, skilling, and workforce development and placement company

Edtech giant Byju's may soon raise $1 billion from ADQ and Oaktree

Once edtech giant closes it, this will be one of the largest funding rounds

Physics Wallah to invest Rs 100 cr in a bid to boost UPSC test preparation

Ed-tech platform Physics Wallah said it plans to invest Rs 100 crore towards strengthening its UPSC vertical, and launched the first centre for for UPSC test preparation in Rajinder Nagar area here

Edtech firm Cuemath lays off 100 employees; founder returns as CEO

Edtech companies laying off employees to conserve cash and focus on profitability

Homegrown edtech startup Teachmint lays off over 70 employees: Report

Led by edtech startups, over 25,000 employees have been laid off by nearly 100 startups in India including BYJU'S, Unacademy and Vedantu

Allen Career Institute appoints Nitin Kukreja as chief executive officer

Last year, Bodhi Tree invested $600 million in Allen Career Institute, and Kukreja's appointment as the CEO

Alakh Pandey is scaling up tech to solve education in rural India

Pandey's edtech firm PhysicsWallah is on a mission to reach every corner of the country and connect with over 250 million students by 2025

EdTech startup Byju's seeks to reassure workers after office raid

More than 70 investors have invested in Byju's and they have conducted thorough due diligence, he said. "We are confident that the authorities will also come to the same conclusion," he added

PhysicsWallah to invest $10 mn in its school-integrated programme

Online ed-tech platform PhysicsWallah is planning to invest USD 10 million (about Rs 82 crore) in phases in its school-integrated programme Vidyapeeth School, which is currently available in 39 schools, a top company official has said. "Vidyapeeth School Centre is a school-integrated programme, which is designed to integrate the concepts and skills required for CBSE exams, along with JEE, and NEET preparation into regular classroom instruction, thereby minimising the need for separate coaching classes for the students," PhysicsWallah Vice President Imran Rashid told PTI. Currently, the programme is rolled out in 39 schools across 34 districts spread across 10 states in the country, including Uttar Pradesh, Uttarakhand, Bihar, Assam, Jharkhand, Maharashtra, Gujarat, Madhya Pradesh, Rajasthan and Haryana, he added. "We are planning to invest USD 10 million in phases, of which USD 5 million will be spent in setting up infrastructure in the schools and the rest USD 5 million will be ...

More investments for Byju's? Abu Dhabi's 10X AD, Apollo conduct talks

This comes as the edtech company is looking to raise at least $400 million to $600 million from investors