Page 3 - Edtech

IPO-bound ed-tech firm Imarticus Learning acquires MyCaptain in ₹50 cr deal

Prior to MyCaptain, in April 2023, Imarticus Learning acquired Hero Mindmine, the training arm of Hero Group

Unacademy co-founders may step back, refocus on new edtech venture Airlearn

Gaurav Munjal and Roman Saini are set to step back from Unacademy's operations as the firm prepares a leadership shift and spins off its language platform Airlearn

Unacademy CEO Gaurav Munjal steps down; Sumit Jain takes charge

Gaurav Munjal's exit comes as Unacademy pivots to offline coaching and ramps up AirLearn, with Sumit Jain set to lead the next phase of growth

Prosus CEO Bloisi sets sights on $50 bn India portfolio with AI focus

With high-frequency sectors like food delivery and fintech at the core, Prosus plans new investments, acquisitions and AI integration to scale its India operations

Aakash accuses EY of conflict of interest, seeks Byju's-linked records

AESL has accused EY of conflict of interest for advising both AESL and Byju's during their failed acquisition and demanded disclosure of all related documents and communications

Byju Raveendran eyes return via AI model, says students will be compensated

BYJU'S CEO Byju Raveendran apologises for past service disruptions, pledges compensation to affected students, and outlines vision for AI-powered BYJU'S 3.0

Eruditus posts Rs 3,733 crore revenue in FY24, reduces losses by 83%

Revenue nearly 1.8x Physics Wallah, 2x upGrad

'Will rise again': Byju Raveendran promises comeback and company relaunch

Raveendran joined X on Friday to reveal the "truth" about the company and the events of the past two years

Indian edtech sector rides the AI wave as upskilling gains momentum

BrightCHAMPS, an edtech firm that delivers learning courses to students in the K-12 segment, found that 58 per cent of students globally are already integrating AI into their studies

Edtech firm MSM Unify plans $20 mn investment to expand biz in India

Global education firm MSM Unify on Wednesday announced a plan to invest USD 20 million (around Rs 173 crore) to expand business in India. As part of this initiative, MSM Unify said it has set up three major offices in Noida, Gurgaon, and Ahmedabad and employed 175 professionals. The company has already invested USD 4 million so far and is ramping up operations to hire an additional 175 professionals by the next financial year, it said in a statement. With an ambitious roadmap, the company is set to launch 250 student recruitment franchises across India, with the first three in Pune, Vashi (Maharashtra), and Anand (Gujarat). Sanjay Laul, Founder of MSM Group, said that India is at the forefront of global education and universities worldwide are not only recruiting Indian students but are also keen on setting up campuses here. "With our USD 20 million investment and 250 planned franchise locations, MSM Unify is creating India's largest student recruitment ecosystem, ensuring every .

Edtech firm Imarticus Learning to file DRHP in 4-5 months for IPO plans

Imarticus is currently in advanced discussions with investment banking firms, including IIFL, for its upcoming IPO

Edtech firm Simplilearn plans to relaunch fresher upskilling vertical

The Blackstone-backed firm had shut down its study abroad and fresher upskilling verticals in 2024 as they failed to generate the expected outcomes

Aakash Educational plans to invest up to Rs 1,000 crore in AI, digital push

New Delhi-based education provider, which started in 1988, is now ramping up its presence in smaller Indian towns, betting on the growing demand for quality coaching in Tier 3 and Tier 4 cities

PhysicsWallah to offer AI-powered NEET, JEE courses in five local languages

Announced at Vishwas Diwas, PW's annual flagship event, Project Bharat aims to bridge language barriers, especially in rural and non-Hindi/English-speaking regions of the country

US court finds Riju Ravindran, Camshaft, Think & Learn guilty of fraud

Think & Learn Pvt Ltd (Byju's) unlawfully orchestrated and benefited from a fraudulent scheme. Sham hedge fund Camshaft Capital facilitated the fraudulent scheme to defraud term loan lenders

Google's AI previews erode internet, US edtech firm Chegg says in lawsuit

Chegg is now considering a sale or take-private transaction as a result, the company's CEO Nathan Schultz said on Monday

NCLT Bengaluru approves appointment of new RP for debt-laden Byju's

Ajmera will replace former RP Pankaj Srivastava

Eupheus Learning narrows loss to Rs 9 cr, revenue at Rs 225 cr in FY2024

Edtech firm Eupheus Learning has posted a revenue of Rs 225 crore in the 2024 financial year driven by operational efficiency and growth following the rollout of the National Education Policy 2020, a top official of the company said. Eupheus Learning Co-founder and CEO Amit Kapoor told PTI the company expects to grow revenue by 10 per cent in the current financial year and continue to improve margins. "We introduced several operational efficiency mechanisms in the company which led to improvement in margin. Our revenue grew by about 8 per cent to Rs 225 crore. Our losses have halved from about 18 crore to Rs 9 crore," Kapoor said. The company provides services to around 10,000 schools in more than 725 cities, he said. Kapoor said that the ClassKlap, with threefold growth from FY'22 to FY'24, has become cash flow neutral and SchoolMitra accounts for almost 35 per cent of the company's revenue. Eupheus acquired ClassKlap and SchoolMitra in 2021 and 2022 respectively. These mileston

Byju's fallout lingers but edtech ecosystem bets on long-term benefits

Following Byju's crash-and-burn, both industry players and investors are moving away from a valuations game to larger issues of governance and sustainable growth

Ed-tech unicorn LEAD Group eyes IPO within 2-3 years: Smita Deorah

The GSV Ventures- and Westbridge Capital-backed firm became a unicorn in 2022 and is now valued at $1.14 billion. The company currently services more than 8K schools and plans to add 3-4K schools