Unacademy

With this round of layoffs, Unacademy's workforce strength is down to under 3,000 compared to 6,000 in the early part of 2022

The Softbank-backed start-up last laid off 350 employees in November

Firm will now function as an independent unit run by its current team; Unacademy will, however, hold 30% in it as an investor, has also infused some capital to help it run for next 12-18 months

Edtech major BYJU's on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services

Sponsorship estimated at Rs 60 crore per season; Saudi Tourism may extend partnership to other BCCI tournaments

Start-up's device assists people with no cooking experience by listing recipes, nutrition information

CEO Gaurav Munjal apologises to staff, says market challenges forced relook at commitment of no layoffs

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

Lido Learning's board of directors has passed a special resolution to file an application under section 10 of IBC, 2016

Heavy rainfall in Bengaluru continued to affect people's lives in the Silicon City, forcing the authorities to press tractors and boats into service to wade through the inundated roads

Unacademy recently said that it has been focusing on frugality as its core value

CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs

"No layoffs. We have moved some team members to other Businesses of the Group though. Team worked really really hard to ensure that we find a role for everyone," Munjal tweeted.

As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount

The Centre should privatise all PSBs, except the State Bank of India, a report by NCAER said. Read more on these in our top headlines

Founders have already taken salary cuts and this would be applied to the management as well

There will be no business class travel for any employee including top founders and top management and dedicated drivers for top executives will also be removed, says CEO

Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup

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

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