Page 22 - Edtech

Edtech startup NxtWave raises $33 mn, Greater Pacific Capital leads round

Nandan Desai, MD and Co-Head of India for GPC, to join NxtWave Board as part of deal; Existing investor Orios Venture Partners also invests in round

Byju's in funding talks with TPG, West Asian sovereign funds as debt weighs

Negotiations are ongoing and it's unclear if the prospective investors will go ahead with a deal, the people said, who asked not to be identified as the information is private

Edtech giant Byju's lays off nearly 1,000 employees across verticals

According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees

Edtech major Byju's lays off over 1,000 employees from engineering teams

The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date

Physics Wallah plans to hire 2,500 employees across verticals by March

Unicorn edtech firm Physics Wallah plans to hire 2,500 employees in the ongoing quarter across different roles, the company said on Monday. The development comes at a time when massive lay-offs have been announced by several edtech companies including Byju's, Unacademy, Vedantu, FrontRow etc in the past one year. "The hiring spree is aligned with the brand's ambitious growth goals as it continues to provide top-of-the-line learning opportunities to students. The new positions opened up at PW cut across different roles and responsibilities," PW said in a statement. The company at present has built a team of 6,500 employees, including over 2,000 teachers and educational experts. Physics Wallah said that it is hiring faculty members as well as professionals for allied roles like business analysts, data analysts, counsellors, operations managers, batch managers, teachers, and many more. "PW is a growing family and it brings us joy to see more students relying on our platform to learn

PhysicsWallah to hire 2,500 employees, partner with supply chain firm

Company hiring at a time when large Indian start-ups, especially in edtech, are laying off employees

Edtechs' Budget wishlist: Lower taxes, higher funding, greater incentives

Struggling with drying investment, dealing with cost cutting, the sector hopes Budget eases the pain

After criticism, Byju's introduces new process to verify customer consent

Technology-drive policy to check all sales thrice, says edtech giant

Asci report calls out edtech ads for uneven focus on marks, maths, science

Gender imbalance evident with spotlight on boys; preference for celebs over teachers

Edtech start-up UpGrad's chief executive Arjun Mohan steps down

The departure comes as the edtech company was trying to internally cut marketing costs and become profitable

Edtech giant upGrad's CEO Arjun Mohan steps down after 3-year stint

Company's consolidated net loss widened three-fold to Rs 627 crore in FY22

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