Ed Tech

On September 20, PhysicsWallah raised $210 million valuing it at $2.8 bn. The firm could potentially become India's first ed- tech player to debut on the domestic bourses.

Byju’s seeks to calm investors as crisis escalates

On a call with investors, Byju Raveendran acknowledged his failure in installing processes that could have helped close the accounts on time and said its systems are being improved with the help of a newly appointed finance chief and general counsel, according to people familiar with the discussion.

Byju’s in funding talks with TPG, sovereign funds as debt weighs

Negotiations are ongoing and it’s unclear if the prospective investors will go ahead with a deal, the people said, who asked not to be identified as the information is private.

NCPCR summons Byju's CEO over charges of course hard-selling, student exploitation

Byju Raveendran has been asked to appear in person before the NCPCR at 2 pm on December 23.

Ed-tech players eye hybrid route, mergers for business sustainability: experts

The future of the ed-tech industry in the post-Covid world is a combination of online and offline learning, with the omnichannel model being more sustainable even going forward, therefore, ed startups along with the unicorns are eyeing the hybrid retail model, TeamLease EdTech founder and CEO Shantanu Rooj told PTI.

We are building a company to outlast many others: Ronnie Screwvala of UpGrad on Bits to Billions

Founded by Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli, upGrad is one of India's leading unicorns in the higher education and upskilling space. Screwvala says he is building a company that will outlast several of its peers as startup “winter” deepens. On this episode of Bits to Billions, Screwvala and Kumar also speak about why upGrad will weather the edtech storm and how upskilling and higher education thrive in a bleak job market

If self-regulation fails, stringent guidelines will be formulated: Centre to Edu-tech firms

Rohit Kumar Singh, Secretary, Department of Consumer Affairs, said in a meeting held with the India Edtech Consortium (IEC) – a self-regulating body that runs under the aegis of the Internet and Mobile Association of India (IAMAI): “If self-regulation does not curb the unfair trade practices, then stringent guidelines would require to be formulated for ensuring transparency.”

Study-abroad platform Leap raises $75 million in Series D led by Owl Ventures

Vaibhav Singh, in a virtual interaction with Moneycontrol, said the company plans to use the fresh funds for innovation in existing products and growing partnerships with educational institutions abroad. In addition, the company also plans new product launches and geographical expansion abroad.

Startup layoffs cross 10,000 mark as companies restructure, attempt to reduce cash burn amid funding winter

This comes after a year of aggressive hiring by startups and high employee costs as tech salaries skyrocketed in 2021. Startups led the tech hiring and talent war in a year that saw immense investor interest and multiple rounds of fundraises by these companies.

Allen launches digital arm to take on multi-billion dollar edtech firms

The company's move into the online space comes at a time when edtech firms such as Unacademy and Byju's are going the opposite way by launching physical centres as competition grows in the offline space

Government cautions against predatory edtech tricking parents into paying for 'free services'

This comes after Parliament member Karti Chidambaram called for regulation of edtech companies

IIM-Nagpur completes campus placement 75 days ahead of schedule, average compensation up by 13.24%

IIM-Nagpur witnessed a visible increase in the average and median package offered in this year's campus placement season.

Ed-tech firm upGrad to acquire Talentedge for Rs 400-500 crore

Ed-tech firm upGrad in closing more big-ticket acquisitions in India as well as abroad that will be announced over the next one to two quarters

Byju's nears acquisition of Tynker, a US-based coding platform for kids

Byju's has been on a funding and acquisition spree this year, spending over $2 billion to buy half a dozen companies across segments- from offline education to upskilling to school education.

Byju's acquires online test preparation platform Gradeup, to rebrand it as Byju’s Exam Prep

The ed-tech company said that Gradeup will be rebranded as Byju's Exam Prep and will help it grow its presence in the online competitive examination preparation category.

Ronnie Screwvala: 'I can’t twiddle my thumbs with the growth ambitions that we have'

"The overriding aspect (to take away from the book) is: give thinking and respect to soft skills... understand that without that balance (of expertise and soft skills), you won’t be able to torpedo yourself in the world that is going to be with us."

Hello World | The problem with gamifying learning

The shiny new app that you or your children seem to be doing so well on may not really be helping you truly learn even as it gives you a sense of confidence.

Setting Sail | Here's why Ronnie Screwvala thinks a unicorn is an artificial thing

In the latest episode of the Setting Sail podcast hosted by Moneycontrol's Priyanka Sahay, Screwvala talks about the growth expected in the ed-tech segment, his vision for upGrad, his startup and how the second wave of the pandemic is impacting the corporates in India.

Can Byju’s Aakash deal revive the Ed-tech sector? 

The coronavirus-led lockdown was a blessing for Byju’s and every other player in the Ed-tech space. 

PlayShifu raises Rs 124 crore in Series B round, valued at Rs 500 crore

Founded in 2016 by Vivek Goyal and Dinesh Advani, PlayShifu makes educational toys powered by Augmented Reality.

Coursera to allow remote working till January 2022, offers $1,000 allowance for ‘office setup’

Employees will also receive $1,000 or the local equivalent in the UK, India, Canada, Bulgaria, and the UAE to create a productive home environment.

Inside India's online education boom

Critics say most companies are overvalued and long-term growth is a big question, but industry insiders say it is just the beginning of something big.

Startup Corner | Byju’s small city aspirations may partly explain its $8 billion valuation

At $8 billion, Byju’s is the most valued ed-tech firm in the world, and the third most-valued startup in India after Paytm and Oyo

Startups | At $5.5 bn valuation, Byju’s is making investors sit up and take note

Byju’s valuation is making news. The sheer size of India’s education market and growth prospects could be the key factor at play

Digging Deeper: India's ed-tech space is more than Byju's

The world is becoming a smaller place each day, and with it, the dreams of children everywhere in the world are becoming bigger. And edtech is helping them realizing these dreams.