Page 23 - Edtech

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

Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

It has sacked over 1,100 employees, so far, amid funding winter

Edtech firm Vedantu lays off 385 employees in 4th job cut round this year

Layoffs have happened across sales, HR, and content teams which, according to the company sources, is part of an aggressive measure to reduce excess burn, thus prioritising profitability over growth

Byju's seeks easier terms on $1.2 bn loan as it struggles with losses

Byju's, valued at $22 billion, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors

Indian edtech major Simplilearn trains its sights on boot camps

The Indian edtech major is gearing up to compete with global majors in the space

upGrad-backed Harappa launches in US, to upskill 55,000 managers in 3 yrs

Harappa founders cite huge scope as 82% Americans are likely to quit their jobs because of a bad manager, while 44% managers feel they are unprepared for their jobs

What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree

In a studied contrarian move, the Ronnie Screwvala-led edtech company is on a hectic expansion spree

Amazon to shut down its edtech platform in India, refund customers

Edtech offering was launched last year to cater to students preparing for engineering colleges' JEE

Govt to support edtech industry in framing rules to curb misleading ads

The government on Monday asked edtech companies to eliminate unfair trade practices while extending support to the industry in formalising guidelines to curb misleading advertisements in the segment. In a statement, IAMAI said that the self-regulatory body Indian Edtech Consortium (IEC) met with the Consumer Affairs Secretary Rohit Kumar Singh to update him about the progress of the self-regulation. "...the Consumer Affairs Secretary agreed to support IEC to constitute a joint working group for laying down advertising guidelines for further sanitising the Edtech ecosystem," the Internet and Mobile Association of India said. It is pertinent to mention that on July 1, Consumer Affairs Secretary called a meeting of edtech companies, and warned them against indulging in unfair trade practices, including misleading advertisements. At that time, the Centre had also told the players that it will be forced to bring stringent guidelines if there is no self-regulation by the industry players

Byju's-owned Great Learning likely to cross Rs 1,000 crore revenue in FY23

The firm is expanding in regions such as India, North America, Latin America, Africa, and Southeast Asia and is also planning to acquire various companies in these markets