Page 9 - Edtech
Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others
Funds raised by the education technology startup will be used to improve overall product service, accelerate growth and build new technologies, the company informed.
 "Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others")
Consumer Affairs Ministry to hold meeting with edtech firms amid complaints
Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".
 "Consumer Affairs Ministry to hold meeting with edtech firms amid complaints")
Beauty start-up Purplle raises $33 mn in funding, gets unicorn status
It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.
 "Beauty start-up Purplle raises $33 mn in funding, gets unicorn status")
Edtech customers face infra, refund issues; 96% seek regulation: Survey
The survey was conducted across 323 districts between April 1 and May 31, 2022 and received 27,000 responses
 "Edtech customers face infra, refund issues; 96% seek regulation: Survey")
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?
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
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"
 "Unacademy CEO Gaurav Munjal says funding winter can last up to 18 months")
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.
 "Vedantu lays off another 424 employees, blames 'scarce capital'")
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")
