Page 27 - Edtech

Edtech company Byju's pushes back payments for $1 billion acquisition

Blackstone, which owned 38 per cent of Aakash, opted to defer payments due until this year, one of the people said

Edtech firms build brick-and-mortar centres across India to woo students

Several are adopting a hybrid model of offline and online education to stay afloat, as students head back at school and colleges post pandemic

BYJU's rejigs global team as part of expansion plan as edtech space shrinks

Edtech major BYJU's on Tuesday named Krishna Vedati as President of Global Growth and Strategic Initiatives, along with rejigging top leadership at K-12 creative coding platform Tynker

Edtech platform MasterClass cut 20% of workforce amid worsening environment

MasterClass CEO David Rogier said the decision was taken to "adapt to the worsening macro environment and get to self sustainability faster"

Edtech company Unacademy appoints Navneet Sharma as chief business officer

Sharma will be responsible for formulating new avenues of growth for the digital and hybrid models for the test prep business

Edtech platform Unacademy lays off 2.6% employees due to poor performance

Edtech platform Unacademy on Saturday said that a small fraction of its workforce (2.6 per cent) has been asked to go as part of performance improvement programme (PIP)

Edtech unicorn Upgrad doubles valuation with $225-mn funding round

India's UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch's Lupa Systems LLC

Edtech firm Toprankers raises Rs 31 cr Series A from Sixth Sense Ventures

Edtech venture Toprankers has raised $4 million (about Rs 31.3 crore) in Series A funding from consumer fund Sixth Sense Ventures.

Simplilearn to add 800 staff this year in India, international markets

The hiring is a part of the company's plans to strengthen its teams in India and overseas markets to address the burgeoning demand for reskilling and upskilling, Simplilearn said in a statement

Byju's-owned Aakash eyes 60-70% growth in FY23; new centre, hiring on cards

Test preparation major Aakash Educational Services (AESL), owned by Byju's, is confident of growing at 60-70 per cent this year, with its business momentum driven by market demand

Teaching is still my first love: Alakh Pandey, CEO & founder PhysicsWallah

He is gearing up to launch educational content in nine languages, including, Bengali, Marathi, Tamil, Telugu, Gujarati and Malayalam

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others

Funds raised by the education technology startup will be used to improve overall product service, accelerate growth and build new technologies, the company informed.

Consumer Affairs Ministry to hold meeting with edtech firms amid complaints

Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".

Beauty start-up Purplle raises $33 mn in funding, gets unicorn status

It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.

Edtech customers face infra, refund issues; 96% seek regulation: Survey

The survey was conducted across 323 districts between April 1 and May 31, 2022 and received 27,000 responses

India's 101st unicorn: Edtech startup PW raises $100 mn in Series-A funding

Firm valued at $1.1 billion in funding round led by Westbridge and GSV Ventures

Top headlines: Physics Wallah becomes unicorn; I-T portal develops snag

The Income Tax Department's new-look tax return filing portal, developed by Infosys, again developed snags on Tuesday - a day that marked the first anniversary of its unveiling.

As pandemic boom fades, can ed-tech startups survive?

Most schools and colleges are now open. With existing funds depleting and no word on new capital, ed-tech startups are clueless about their future. How can ed-tech startups come out of this crisis?

TMSEp187: Draft IT rules, ed-tech challenges, markets, fat-finger

What's the impact of draft IT rules on social media? Can ed-techs survive the post-pandemic era? What should investors track as RBI MPC meets? What is a fat-finger alias freak trade? All answers here