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Edtech News

15 Apr 2024

Edtech Firm upGrad Created 55,000 Jobs In FY24

Interestingly, upGrad's free courses in GenAI, Data, AI/ML, and technology, witnessed over 1.4 lakh enrollments.

09 Apr 2024

Byju's Starts Paying March Salary To Employees

The company raised USD 200 million through rights issue to meet its operational requirements, including expenses related to employees' salaries.

15 Oct 2023

Govt Exams-Focused EdTech Adda247 Cuts 250-300 Jobs Across Verticals: Report

Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities. Meanwhile, edtech major Byju's has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”.

25 Jun 2023

81% Of Edtech Platform Users Face Refund, Trust Issues: Survey

The query around the kind of issues that edtech users face received nearly 12,000 responses comprising issues around teaching staff changes/ effectiveness issues, refund issues, and trust issues like false promises and transparency issues.

25 Jun 2023

BYJU's To File 2022 Earnings By September, Company Informs Investor

Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022. Board members representing Peak XV Partners, earlier known as Sequoia Capital India, Prosus and Chan Zuckerberg Initiative also stepped down, without publicly expressing their reasons

10 Jan 2023

'EdTech is less about tech, more about how it is used', says Piyush Chauhan

This clear disparity between rich and poor, educated and uneducated, is a painful reminder of India’s quest to bridge inequality in education that has existed for so long and because of numerous reasons. Additionally, it’s also an image of the country’s brightest minds fighting to change, as they join the mad rush up the professional and social class ladder.

Market techniques

16 Dec 2022

S Chand: Incorporating NEP and eyeing greater market share

Amid the cooling down of the edtech craze and the looming challenges of global headwinds, very few businesses are equipped to usher in the new era of learning, which requires innovation and operational efficiencies laced with financial viability. S Chand and Company Limited, one of India’s leading and oldest education content companies laid down a blueprint of how it intends to tackle the challenges and incorporate the changes during their Q2FY23 earnings.

07 Nov 2022

This edtech company FIRES nearly all employees from India team

Poland-based edtech platform Brainly claims to have a user base of more than 5.5 crore Indian students, parents and teachers who rely on the platform to accelerate learning through its doubt clearance classes.

26 Oct 2022

Sequoia India may invest $50 mn in homegrown edtech startup

According to a TechCrunch report on Tuesday, K12 Techno Services which has raised more than $75 million in previous rounds and also engaged with TPG and Accel decided to go with existing backer Sequoia India.

13 Oct 2022

Vedantu takes majority stake in test prep platform Deeksha for $40 mn

Deeksha is one of the leading K-12 test preparation players in Karnataka and according to Vedantu, this strategic partnership will further its hybrid education strategy.

Educational technology

23 Aug 2022

Imarticus Learning: A Decade-long Success Story!

With a vision to minimise this skill gap, Imarticus Learning started its journey in 2012 under the able leadership of Nikhil Barshikar and Sonya Hooja and eventually became the best edtech company of the present times.

22 Jul 2022

upGrad acquires edtech platform Harappa Education for Rs 300 crore

upGrad has acquired Harappa Education for Rs 300 crore. Harappa Education offers self-paced courses. upGrad has a learner base of over 3 million across over 100 countries.

01 Jul 2022

Centre warns edtech companies against unfair trade practices

The increase in fake review in the edtech space and ways to curb it were also dicussed during a meeting. IEC runs under the aegis of Internet and Mobile Association of India (IAMAI).

09 Jun 2022

Edtech startup PhysicsWallah becomes India's 101st unicorn, raises $100 mn

PhysicsWallah said it will utilise these funds raised for business expansion, branding, opening more learning centres, and introducing more course offerings.

03 Jun 2022

20k tech startups' employees fired globally in past few months

VC money is disappearing amid economic slowdown At least 20,514 people have lost their jobs at tech startups globally since April The VC firms are advising startups to focus on sustainable growth

03 Jun 2022

Sourav Ganguly joins hands with Noida-based edtech startup Classplus

Ganguly also took to social media to announce this initiative, upon completing 30 years in Indian cricket. In the 30-second clip, Ganguly is heard saying, "The first step towards achieving your dreams is having the right coach."

01 Jun 2022

Ashneer Grover advises VCs to ‘right-size’ themselves before guiding startups

The fact is VCs firms need to right-size their own teams by 80% The VC firms are advising startups to focus on sustainable growth Startups are facing the heat as the funding winter is here

Manish Maheshwari

27 May 2022

Ex-Twitter India head Manish Maheshwari quits 6-month-old edtech startup

Invact Metaversity had raised capital from more than 70 individual investors. Maheshwari earlier envisioned building a virtual-first curriculum and expanding into Europe and the US.

26 May 2022

Unacademy urges staff to focus on profitability at all costs to survive winter

Unacademy last week announced its foray into opening physical tuition centers Edtech platforms are seeing a significant dip in demand for online learning Edtech startup Lido Learning which is backed by top entrepreneur Ronnie Screwvala

Edtech Startups

18 May 2022

Layoffs, pivots, restructures: Edtech startups feel the pinch as schools open

Vedantu, White Hat Jr, Lido Learning and Unacademy, among other startups, have laid off employees. Vedantu has recently fired about 424 employees. Lido Learning shut shop early this year.

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