Page 21 - Edtech

Byju's seeks more time from lenders to renegotiate $1.2 billion debt

Byju's is scrambling to appease creditors and investors already concerned about mounting losses at the once high-flying startup

Healthcare edtech start-up Virohan raised $7 mn from Blume Ventures

Company's omnichannel platform trains students in allied healthcare programmes

Byju's founder raising funds to buy back as much as 15% of firm: Report

Raveendran is in the midst of overhauling the company's strategy and cutting marketing spend with a goal to be profitable by March

Amid funding crunch, edtech startups tread an alternative path to success

According to data from Tracxn, a market intelligence platform, investments in the edtech sector took a plunge from $4.1 billion across 322 deals in 2021 to $2.5 billion in 2022 across 164 deals

After many rocking years, we needed a rocky year: Byju's CEO Raveendran

He said 2022 was the year of learning for all tech businesses, of every kind. "We had our share of learnings and growing, too. This was the year of introspection and action.

No question of mis-selling, sales team doesn't have rights: Byju's to NCPCR

Says that by design, every sale is unapproved until it is verified by a triple-layered audit mechanism that reaches out to the interested customer through SMS, audio and video calls

Byju's to undertake affordability test of parents before selling courses

The child rights organisation will meet with Byju's officials again on Monday for additional information and documents from the company

S Chand to sell its entire stake in iNeuron to PhysicsWallah for Rs 14 cr

Education content company exits second edtech investment, after dropping out of Testbook Edu Solutions

Byju's denies buying student databases after NCPCR Chief's allegation

Edtech major Byju's strongly denied reports by NCPCR that the company is allegedly buying phone numbers of children and their parents and threatening them to buy its courses

Byju's allegedly buying contacts of children, threatening parents: NCPCR

The child panel took action based on a news report that the company's sales team was engaging in dishonest behaviour to persuade parents to purchase their courses for their kids

Indian-origin edtech chief Priya Lakhani on new UK panel for future tech

Priya Lakhani, an Indian-origin CEO of an artificial intelligence (AI) education technology company is among five leading industry experts appointed to a new UK government panel to accelerate the development and deployment of emerging technologies in the UK. Lakhani, the founder of CENTURY Tech which develops AI-powered learning tools for schools, colleges, universities, and employers across the world, was on Sunday named on the new panel as part of a vision to create the "Silicon Valleys of the 21st century" in the UK. Lakhani, who was awarded an OBE (Order of the British Empire) by the late Queen Elizabeth II in 2014 for her work in the field of technology, is a member of the government's advisory body called the AI Council. "I want British firms to lead the world in turning fantastic science into new products and services and we need to make sure the government is doing everything we can to encourage innovation and competition, said UK Chancellor Jeremy Hunt, as he announced the

Is Byju's experiencing growing pains?

Creditors of India's most-valued unicorn Byju's are pressuring it to sell off its US assets to repay loans. Is the edtech major still facing the growing pains of a start-up or spiralling downhill?

BYJU's problems to continue in 2023 as lenders seek $1.2 bn loan repayment

No end to BYJU's troubles as after sacking employees, alleged harsh and "abusive" work culture, reports on "working capital crisis" emerge with lenders asking the edtech unicorn to repay part of loan

Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

Online education company for IT services Pluralsight lays off 400 employees

Online education company for IT professionals, Pluralsight, which was recently valued at more than $1 billion has announced to lay off 20 per cent of its global workforce, about 400 employees

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

upGrad strengthens domestic leadership with 2 strategic appointments

upGrad Strengthens Its Domestic Leadership with Two Strategic Appointments

upGrad's acquisition of test-prep provider Exampur may hit roadblock

Disagreement over valuation of Noida-based company which wants more from the deal, says source

Indian startups see huge 35% drop in funding, edtech among worst performers

As the funding winter deepens amid growing layoffs, India saw a massive 35 per cent drop in funding this year, from $37.2 billion in 2021 to $24.7 billion (till November in 2022)

G20 presidency gives India opportunity to showcase its ed-tech leadership

Given India's achievements in the digital world and Ed-tech, it can not only push education widely among the learners in India with inclusivity but also help other developing countries