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Jan 24, 2023 08:30 AM ISTPrepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months
Jan 20, 2023 11:19 AM IST Byju Raveendran said that the company is experiencing continued momentum in demand for its core business, which is online K-12 learning, even as some of the company's closest competitors are witnessing slower growth following the pandemic.
Jan 20, 2023 10:04 AM IST In a chat with Moneycontrol, Bjyu’s founder Byju Raveendran and co-founder Divya Gokulnath exuded confidence about turning profitable on a company level over the next quarter. They also spoke about exiting some branding contracts to optimise costs.
Jan 20, 2023 09:11 AM IST Byju's currently has three large branding partnerships with the BCCI (Board of Control for Cricket in India), ICC (International Cricket Council), and FIFA (Federation Internationale de Football Association) that will be up for renewal, but the company will not renew any of them, according to co-founder and CEO Byju Raveendran.
Jan 17, 2023 09:21 PM IST Raveendran also claimed that by the end of this quarter or by the next quarter FY24, Byju's will turn profitable on a company level
Jan 16, 2023 06:17 PM IST The change in sales strategy for Byju's follows the company's meetings with the National Commission for Protection of Child Rights (NCPCR) in December, where the company was asked by the child rights' body to make necessary changes to its sales tactics amid complaints of mis-selling and over-selling.
Jan 16, 2023 01:30 PM IST At least six doctor-teachers have decided to file a legal complaint against Unacademy's PrepLadder over nonpayment of dues after the company backed out of conciliation in an ongoing case filed by one doctor-teacher in December
Jan 11, 2023 06:44 PM IST The new funding round was a mix of long-term debt capital from venture debt firms Alteria Capital and Stride Ventures and working capital finance from banks such as Standard Chartered Bank, HDFC Bank, and ICICI BankLEAD plans to use the funding for financing the company's organic and inorganic growth.
Jan 10, 2023 05:47 PM IST upGrad will not be replacing Mohan and Mayank Kumar, co-founder and managing director of upGrad will be taking over Mohan's responsibilities, according to a person with direct knowledge of the matter.
Jan 10, 2023 04:51 PM IST The latest round of layoffs and Relevel's move to shut down its core business further highlights the predicament of the job guarantee vertical, which was struggling since August last year
Jan 10, 2023 12:00 PM IST The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.
Jan 10, 2023 09:22 AM IST A few have laid out 'soft' mandates to investment banks to look for buyers, they said, requesting anonymity, the report added.
Jan 10, 2023 09:04 AM IST This comes as B2C K-12 online edtech startups in India have been suffering post-pandemic with demand falling, while those operating in the B2B edtech segments witnessed tailwinds of growth with schools more open to adopting innovation.
Jan 09, 2023 11:51 AM IST Virohan will use the funds to expand to more than 200 new campuses across India and is aiming to train over 7,000 students
Jan 06, 2023 06:41 PM IST The acquisition comes days after the school edtech unicorn reported a net loss of Rs 397.1 crore in FY22, which was more than triple of its losses in the previous fiscal
Jan 05, 2023 11:24 AM IST Leap Scholar's expenses grew more than 7 times to Rs 121 crore during the year, which led to the firm reporting a widening loss of Rs 80.3 crore for FY22
Dec 30, 2022 06:30 PM IST Byju Raveendran's comments on how users like Byju's courses come at a time when the company has been heavily criticised in the media about allegedly mis-selling and over-selling its courses, even to poor families in the country.
Dec 28, 2022 06:22 AM IST The startup superstar has gone from hero to zero rather rapidly. Will the picture be somewhat different in 2023? Coming soon to a screen near you
Dec 26, 2022 11:46 AM IST Compared to last year's total of 542, only 244 new unicorns have been created globally so far in 2022, while only 23 new unicorns have been minted in India this year, compared to 44 in 2021.
Dec 20, 2022 09:32 PM IST "They're targeting first-generation learners. We'll initiate action & if need be will make report & write to govt," the NCPCR Chief said.
Dec 20, 2022 09:59 AM IST Edtech was a sector with a lot of promise but it appears to be at risk of flaming out. Will it? What will it take to fix the mess? Pramath Sinha gives his view on the problems and the way ahead
Dec 19, 2022 01:46 PM IST While educational content has been available on YouTube for several years, this will allow creators to provide viewers with a more comprehensive, structured learning experience.
Dec 13, 2022 10:37 PM IST Amid the slowdown in the Indian market, many edtech players expanded abroad and acquired paying customers in North America, SEA, and Middleeast.
Dec 13, 2022 09:44 AM IST At present, educational services and products are in the 18 percent GST slab. The newly formed self-governing industry body, the Indian Edtech Consortium (IEC) weighed in on the demand and said the government should consider shifting educational products and services to a tax slab of 5-12 percent.
Dec 06, 2022 12:43 PM IST “Revenue growth in FY22 over FY21 was 2.5x, and in FY23 over FY22 could be about 2x. We will aim to double our business in the next year also. In terms of profitability, we are on track,” Mehta told Moneycontrol.
