Page 28 - Edtech
Edtech sector in crisis as Covid curbs ease; hybrid model offers hope
After two boom years, it is struggling with falling demand but exploring hybrid models as a way out
 "Edtech sector in crisis as Covid curbs ease; hybrid model offers hope")
Sourav Ganguly joins hands with Noida-based edtech startup Classplus
Ending all speculations after sending a cryptic tweet, BCCI President Sourav Ganguly joined hands with Noida-based edtech startup Classplus to promote thousands of educators and content creators.
 "Sourav Ganguly joins hands with Noida-based edtech startup Classplus")
Byju's CEO set to focus on global biz, COO Mrinal Mohit to handle India mkt
BYJU'S in March announced a new partnership with QIA, the sovereign wealth fund of Qatar, to launch a new edtech business and state-of-the-art research centre in Doha
 "Byju's CEO set to focus on global biz, COO Mrinal Mohit to handle India mkt")
Cuemath raises $57 mn in funding led by Alpha Wave; valuation doubles
The valuation of the edtech startup has doubled to USD 407 million (about Rs 3,155 crore), post the fresh fundraising, the company said.
 "Cuemath raises $57 mn in funding led by Alpha Wave; valuation doubles")
Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global
Founder may look at the US and Middle East, has been meeting investors and potential acquisition target firms there, say sources
 "Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global")
Edtech firm Simplilearn bolsters top leadership with two key appointments
Mohit Yadav, IIM-Indore alumnus with 12 years in sales across verticals, joins as VP-growth; project management exec Sujoy Ghosh takes over as VP-product
 "Edtech firm Simplilearn bolsters top leadership with two key appointments")
Funding may dry up for next 12-18 months: Unacademy CEO tells employees
Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees
 "Funding may dry up for next 12-18 months: Unacademy CEO tells employees")
Unacademy CEO Gaurav Munjal says funding winter can last up to 18 months
In a letter to employees, Unacademy's co-founder and CEO Gaurav Munjal said that "we must learn to work under constraints and focus on profitability at all costs"
Vedantu lays off 424 employees as it expects a scarcity of capital
Citing headwinds, CEO Vamsi Krishna says capital will be scarce in upcoming quarters
 "Vedantu lays off 424 employees as it expects a scarcity of capital")
Vedantu lays off another 424 employees, blames 'scarce capital'
The decision comes just days after Vedantu had announced that it had let go of another 200 people.
Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth
Several players such as Byju's, upGrad, and Lido to almost double headcount by end of the year
 "Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth")
Edtech leads investments in education sector; $1.1 bn poured in 2020
With Covid-19 changing how education is imparted, education sector received the highest-ever annual investment in this year
 "Edtech leads investments in education sector; $1.1 bn poured in 2020")
How pandemic has brought changes in edtech sector
The Covid-19 crisis has been a major catalyst in enhancing the learning process not just for students and educators, but for investors as well
 "How pandemic has brought changes in edtech sector")
Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund
Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $16.5 billion.
 "Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund")
Byju's raises $200 mn in fresh funding; valuation surges to $12 bn
BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising
Edtech major Byju's introduces period leaves for staff, trainees
This new policy is a significant step in prioritising employees' happiness, work-life integration, flexibility, and workplace sensitivity, a statement said.
Most valued edtech firm Byju's starts two-teacher model to improve learning
Under this model, one teacher uses strong visuals and storytelling to explain topics in-depth, the other solves instant doubts, pays individual attention and makes sessions more engaging
 "Most valued edtech firm Byju's starts two-teacher model to improve learning")
India's leading edtech firms announce formation of self-regulatory body
The India EdTech Consortium (IEC) under the aegis of IAMAI, will ensure that every learner shall have access to quality and affordable education
 "India's leading edtech firms announce formation of self-regulatory body")
The new child language: Coding fever grips India with pent-up demand
Byju's-acquired WhiteHat Jr, Vedantu, Toppr are among edtech start-ups leading the charge
 "The new child language: Coding fever grips India with pent-up demand")
How Byju's learnt its way into 'Deccacon' club through the pandemic
Byju Raveendran leveraged the lockdown and related restrictions to strengthen and expand his edtech company into the 'Deccacon' club
 "How Byju's learnt its way into 'Deccacon' club through the pandemic")