Page 7 - Edtech

Edtech firms LEAD School, Vedantu lay off nearly 100 workers each

In continuing layoffs at edtech platforms in India, industry leaders Vedantu has asked 100 more employees to go and LEAD has also laid off a similar number of staff in the ongoing funding winter

Navneet Education hits 3-yr high on strong Q1; stock soars 28% in 2 days

The advent of new educational policy would bring changes in the curriculum of the school syllabus and will directly impact the company's business positively, acting as a strong growth driver.

Ronnie Screwvala-led upGrad taps Bharat to help learners get govt jobs

upGrad is planning to expand its operations in rural India with various programmes including upskilling the talent present there for job opportunities in the private sector

upGrad acquires edtech platform 'Harappa Education' for Rs 300 cr

Higher education platform upGrad on Friday announced it has acquired online learning institution Harappa Education for Rs 300 crore (about $38 million)

Edtech startup Creative Galileo raises $7.5 million in Series A funding

The latest round brings Creative Galileo's total funding to $10 million, including a pre-series A round of $ 2.5 million announced in October 2021

Karti Chidambaram wants govt to probe edtech giant BYJU's finances

Congress MP Karti P. Chidambaram on Thursday said he has written a letter to the Serious Fraud Investigation Office (SFIO) to investigate the finances of edtech major BYJU

Edtech platform 'Creative Galileo' raises $7.5 mn at $40 mn valuation

Edtech platform for kids Creative Galileo has raised USD 7.5 million, about Rs 60 crore, in a funding round from a clutch of investors including Kalaari Capital, the company said on Thursday

Centre pulls up edtech firms for mis-selling courses, IEC responds

Self-regulatory organisation India Edtech Consortium (IEC) on Saturday said it is committed to protecting consumer interest and has resolved 100 per cent complaints received till June

Indian tech startups raise $6 billion in April-June quarter, Fintech rules

Number of deals dropped by 17% sequentially, more than half were larger than $100 million each

Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia

The international business is so critical that the firm's other co-founder Phalgun Kompalli, has shifted to the US to lead businesses within the brand there

upGrad buys recruitment & staffing firm Wolves India for undisclosed sum

The Bengaluru-based Wolves India specialises in placing high-quality tech talent across startups, along with mid and large-sized organisations in India and overseas

Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

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

Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

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

Voda Idea ties up with Pariksha to bring Agniveer course material on Vi app

Vi said that it is providing free access to the test prep material for Agniveer along with many other government job exams on the Vi jobs and education platform for one month.

Unacademy's lessons on frugality: Pay cut for founders, no biz class travel

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

Byju's struggles to close $800-mn funding as investors balk amid tech rout

Investors including Sumeru Ventures and little-known firm Oxshott haven't transferred about $250 million of the targeted amount because of 'macroeconomic reasons'

Unacademy to cut down expenses, will float IPO in two years: CEO

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 'not efficient' in finances, will shut some businesses: CEO

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

Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya

Start-up slowdown

Raising funds is becoming difficult