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    • SoftBank-backed Unacademy explores merger with Byju’s-owned Aakash March 23, 2023 09:18 PM IST

      SoftBank-backed Unacademy explores merger with Byju’s-owned Aakash

      The deal, if it happens, will be a mix of cash and stock, with the merged entity exploring an IPO instead of Aakash alone seeking a public listing

    • SoftBank-backed Emeritus expects to be profitable in FY24 on bookings basis February 24, 2023 01:24 PM IST

      SoftBank-backed Emeritus expects to be profitable in FY24 on bookings basis

      Emeritus co-founders Ashwin Damera and Chaitanya Kalipatnapu expect their revenue to grow about 40 percent in 2022-23.

    • India is the most important market for us, edtech-focused GSV Ventures’ founder Michael Moe says February 23, 2023 07:55 AM IST

      India is the most important market for us, edtech-focused GSV Ventures’ founder Michael Moe says

      Moe's optimism about India's edtech sector contrasts sharply with the sector's overall sentiment, as investors have stayed away from it in the last ten months.

    • Tiger Global-backed Vedantu's loss widens to Rs 700 crore in FY22 January 31, 2023 05:59 PM IST

      Tiger Global-backed Vedantu's loss widens to Rs 700 crore in FY22

      Vedantu had reported a loss of Rs 616 crore in FY21. It spent Rs 489 crore on employees in FY22, 20 percent more than a year earlier.

    • Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch January 24, 2023 08:59 AM IST

      Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch

      Prepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months

    • Investors favour upskilling platforms as other edtechs struggle with funding winter November 30, 2022 11:42 AM IST

      Investors favour upskilling platforms as other edtechs struggle with funding winter

      Higher education and upskilling startups have raised $1.1 billion in private equity and venture capital funding so far this year, slightly less than the $1.25 billion raised in the first 11 months of 2021, according to data by Tracxn Technologies.

    • Masai School onboards Mithali Raj, Bhaichung Bhutia as investors, raises $10 mn in funding November 08, 2022 02:15 PM IST

      Masai School onboards Mithali Raj, Bhaichung Bhutia as investors, raises $10 mn in funding

      Masai School will use the funds to launch two new course categories and expand its existing skilling course in software development and data analytics

    • Byju's employees meet Kerala minister after 170 staff are 'asked to resign' October 25, 2022 05:22 PM IST

      Byju's employees meet Kerala minister after 170 staff are 'asked to resign'

      The alleged forced resignations come a couple of weeks after the edtech giant said it will layoff 5 percent of its workforce, or close to 2,500 employees, to cut costs as it aims to achieve company-level profitability by March 2023

    • PhysicsWallah forays into publishing, govt job prep segments with 2 new buys October 13, 2022 06:44 PM IST

      PhysicsWallah forays into publishing, govt job prep segments with 2 new buys

      PhysicsWallah has acquired three companies since it became a unicorn in June this year. In August, the company had acquihired edtech startup FreeCo to enhance its existing services

    • Byju’s lacklustre FY21 results put spotlight on edtech valuations in India October 12, 2022 10:48 AM IST

      Byju’s lacklustre FY21 results put spotlight on edtech valuations in India

      According to an industry expert, growth-stage companies should not value themselves at more than 10 times their forward revenue multiple. Many edtech unicorns have raised had raised multi-million dollar rounds in 2021 at sky-high valuations.

    • Veranda Learning Solutions gets nod to raise Rs 300 crore September 15, 2022 03:19 PM IST

      Veranda Learning Solutions gets nod to raise Rs 300 crore

      The fund-raising is through a mix of preferential offer of equity shares and convertible warrants both at a price of Rs 307 per share, said a statement of the company.

    • Moneycontrol Daily: Your Essential 7 June 24, 2022 06:12 AM IST

      Moneycontrol Daily: Your Essential 7

      A daily round-up of the most interesting articles to help jump-start the day.

    • Byju's-owned Aakash Educational Services eyes 60-70% growth this year; new centres, hiring on cards June 12, 2022 06:13 PM IST

      Byju's-owned Aakash Educational Services eyes 60-70% growth this year; new centres, hiring on cards

      AESL’s positive commentary assumes significance given that reopening of schools and colleges in the offline mode has hit the business models of many new-age edtech startups.

    • Edtech Unicorn LEAD announces ESOP liquidation plan of $3 million February 16, 2022 04:28 PM IST

      Edtech Unicorn LEAD announces ESOP liquidation plan of $3 million

      The current ESOP liquidation plan is a significant opportunity given that LEAD's valuation has doubled in the last nine months on the back of solid growth in its operating and financial metrics.