Page 26 - Edtech
Indian tech startups raise $6 billion in April-June quarter, Fintech rules
Number of deals dropped by 17% sequentially, more than half were larger than $100 million each
 "Indian tech startups raise $6 billion in April-June quarter, Fintech rules")
Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia
The international business is so critical that the firm's other co-founder Phalgun Kompalli, has shifted to the US to lead businesses within the brand there
 "Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia")
upGrad buys recruitment & staffing firm Wolves India for undisclosed sum
The Bengaluru-based Wolves India specialises in placing high-quality tech talent across startups, along with mid and large-sized organisations in India and overseas
 "upGrad buys recruitment & staffing firm Wolves India for undisclosed sum")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
 "Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
Voda Idea ties up with Pariksha to bring Agniveer course material on Vi app
Vi said that it is providing free access to the test prep material for Agniveer along with many other government job exams on the Vi jobs and education platform for one month.
 "Voda Idea ties up with Pariksha to bring Agniveer course material on Vi app")
Unacademy's lessons on frugality: Pay cut for founders, no biz class travel
Founders have already taken salary cuts and this would be applied to the management as well
 "Unacademy's lessons on frugality: Pay cut for founders, no biz class travel")
Byju's struggles to close $800-mn funding as investors balk amid tech rout
Investors including Sumeru Ventures and little-known firm Oxshott haven't transferred about $250 million of the targeted amount because of 'macroeconomic reasons'
 "Byju's struggles to close $800-mn funding as investors balk amid tech rout")
Unacademy to cut down expenses, will float IPO in two years: CEO
There will be no business class travel for any employee including top founders and top management and dedicated drivers for top executives will also be removed, says CEO
 "Unacademy to cut down expenses, will float IPO in two years: CEO")
Unacademy 'not efficient' in finances, will shut some businesses: CEO
Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup
Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low
The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya
 "Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low")
Start-up slowdown
Raising funds is becoming difficult
 "Start-up slowdown")
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
 "Fund-raising drive on track, majority of the $800 mn received, says Byju's")
Edtech startup Kreedo raises $2.3 million in pre-Series A funding
Founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan, Kreedo is on a mission to change the way early learning is delivered in budget private schools and preschools
 "Edtech startup Kreedo raises $2.3 million in pre-Series A funding")
Govt strictly warns edtech companies against unfair trade practices
The government on Friday warned edtech companies against indulging in unfair trade practices, including misleading advertisements, and said it will be forced to bring stringent guidelines
 "Govt strictly warns edtech companies against unfair trade practices")
Byju's lays off 500 and may drop more people in latest edtech crisis
Recently, over 800 employees of WhiteHat Jr, resigned after being asked to work from office
Byju's offers to buy US-listed edtech firm 2U for over $1 billion
Byju's made the offer of about $15 a share to 2U's board last week, said the person, who asked not to be named as the bid isn't yet public
Byju's group firm Toppr lays off 1,100 employees in a day to cut costs
Toppr's sacked employees said that they got a call from the company on Monday and were asked to resign, failing which they will be terminated without any notice period.
 "Byju's group firm Toppr lays off 1,100 employees in a day to cut costs")
BYJU's-owned WhiteHat Jr lays off 300 employees in latest round of job cuts
Online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned
 "BYJU's-owned WhiteHat Jr lays off 300 employees in latest round of job cuts")
Krishna Vedati named as Byju's president for global growth and strategy
He will report to co-founder and CEO Byju Raveendran and join the company's executive committee