Page 19 - Edtech

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

Edtech unicorn PhysicsWallah appoints Sumit Rewri as PW OnlyIAS CEO

Under Rewri, an engineer who worked at TCS till 2014, OnlyIAS with a team of more than 200 people, has become a leading choice for UPSC aspirants

Skilling the smart way: Selecting the right online course for your career

Companies are looking for managers, communication specialists, creative thinkers, and data specialists

Not looking to raise funds right now, says Physics Wallah co-founder

Reports surfaced recently that the company was planning to raise $250 million in fresh funding, seeking a $3.3 billion valuation. However, Maheshwari denies that

Why India's education technology start-ups are in the deep freeze

They will continue to tread on thin ice amid a long funding winter unless they fundamentally revise their business models

Edtech major Byju's to raise $700 million in fresh funding round this month

The latest funding round comes as Byju's is aiming to repay a huge $1.2-billion term loan it had secured in November 2021

Cyberabad police crackdown after data of 670 mn people stolen: What we know

Last week, the Police arrested a Faridabad resident Vinay Bhardwaj, who was allegedly involved in stealing, holding and selling personal and confidential data

Edtech giant Byju's appoints GE and Vedanta executive Ajay Goel as CFO

The edtech giant hired has hired Goel to the company's financial operations, long-term business strategies, and path to profitability

BlackRock slashes edtech giant Byju's valuation by about 50% to $11.5 bn

While BlackRock has slashed Byju's valuation by nearly 50 per cent, Invesco has cut Swiggy's stake value by over 23 per cent

Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year

Byju's acquired AESL in 2021 for about $1 billion. Since then, Byju's said AESL's revenue and profits tripled