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The high-school STEM platform is live in India and the US and is currently free, as the founders test a mastery-first approach to AI-driven learning, Ranjan tells Moneycontrol
Founder and CEO Vivek Sinha told Moneycontrol the funds will be used to expand Emversity’s university-embedded skilling model from 40 campuses to over 200, enter engineering, procurement and construction and manufacturing, and strengthen employer-linked workforce pipelines.
In an internal email to employees, accessed by Moneycontrol, founder Gaurav Munjal outlined the shift as part of a wider cost reset and operating overhaul following the collapse of months-long acquisition talks with rival upGrad.
Sources told Moneycontrol that Munjal and Roman Saini were in talks to raise about $17 million for the new venture from Peak XV Partners and Blume Ventures, and a dozen marquee founders.
UpGrad's Ronnie Screwvala confirmed to Moneycontrol that the deal to buy Unacademy is off.
The decision comes amid valuation markdown concerns and ongoing acquisition talks with upGrad.
This comes as the edtech firm negotiates a potential all-stock sale to UpGrad, reported first by Moneycontrol, while restructuring its leadership and grappling with a sharp markdown
The development comes days after a Delaware bankruptcy court entered a $1.07-billion default judgment against Raveendran for failing to appear and produce documents, holding him personally liable for fund movements linked to Byju’s Alpha and a separate hedge-fund transfer.
Ankur Dhawan joined UpGrad in 2020 and was elevated to Chief Product and Technology Officer earlier this year.
The move follows Unacademy’s leadership transition, with co-founder Sumit Jain heading test prep, and Gaurav Munjal and Roman Saini set to lead AirLearn independently.
Once on the brink of collapse, Arpit Mittal’s YellowClass has re-emerged as SpeakX — an AI-powered spoken English platform that turned profitable within a year. Now, with a fresh infusion from WestBridge Capital, Elevation Capital and Goodwater Capital, the company wants to become synonymous with English speaking in India.
The round is part of a larger ongoing fundraise, with the company preparing for an external tranche that will include a 'significant secondary component' to offer exits for some early investors, including Chinese backers such as TAL Education and Legend Capital
The move comes four months after Gaurav Munjal stepped back from day-to-day roles, as Unacademy advances its succession plan and sharpens focus on unit economics
The structure includes a $130 million facility and a $20 million scale-up option. MARS Growth Capital — a joint venture between Liquidity Group and MUFG Bank — will provide up to $100 million, with HSBC covering the remaining $50 million.
The former Meta executive had joined the coaching major in 2022 to lead its digital arm, Allen Digital, and drive its online business.
Founded in 2024 by IIT Roorkee alumni Ritesh Singh Chandel and Sonu Kumar, along with seasoned math educator Rushabh Kothari, Arivihan claims to be India’s first fully automated AI tutor platform
The system was powered by 1,30,000 curated question-and-answer pairs and fine-tuned using techniques such as supervised fine-tuning (SFT), reinforcement learning (RL), and rejection sampling, co-founder Prateek Maheshwari revealed.
Gupta will lead Coursera’s regional operations, focusing on collaborations with governments, universities, and businesses to scale adoption of its AI-powered learning tools and job-relevant micro-credentials
As the UK, US, and Australia impose stricter admission and visa rules for international students, Leap is witnessing strong growth in alternative corridors like Germany, Ireland, New Zealand, and the UAE, with Dubai searches alone rising 30–40% month-on-month.
Bengaluru is now the world’s second-largest AI talent hub with over 6 lakh AI/ML professionals, the report showed.
A third US subsidiary, educational gaming firm Osmo, is also up for sale but is yet to find a buyer
Several study abroad platforms report a surge in queries as the US pauses new student visa interviews and tightens social media vetting, prompting Indian students to reconsider their plans ahead of the Fall intake
What started as a SaaS platform for teachers is now a company dealing with hardware, building its classroom kits in-house in partnership with contract manufacturers like Zetwerk
Munjal, who has been contemplating stepping away since last year, is said to have formally communicated his intent to the board in March this year.
Byju’s cloud service suspension affects app functionality, blocks access to paid content, and limits full website availability across platforms
