Page 29 - Edtech
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
 "India's 101st unicorn: Edtech startup PW raises $100 mn in Series-A funding")
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.
 "Top headlines: Physics Wallah becomes unicorn; I-T portal develops snag")
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?
 "As pandemic boom fades, can ed-tech startups survive?")
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
 "TMSEp187: Draft IT rules, ed-tech challenges, markets, fat-finger")
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.