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  • Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch Jan 24, 2023 08:30 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

  • Byju’s to open 300 physical tuition centers this year as it bets big on hybrid learning Jan 20, 2023 11:19 AM IST

    Byju’s to open 300 physical tuition centers this year as it bets big on hybrid learning

    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.

  • Davos 2023: Let the world think Byju’s is struggling, give us 6 months, says Byju Raveendran Jan 20, 2023 10:04 AM IST

    Davos 2023: Let the world think Byju’s is struggling, give us 6 months, says Byju Raveendran

    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.

  • Byju’s will not renew its branding partnerships with BCCI, ICC and FIFA, says CEO Raveendran Jan 20, 2023 09:11 AM IST

    Byju’s will not renew its branding partnerships with BCCI, ICC and FIFA, says CEO Raveendran

    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.

  • Davos 2023 | Byju's 2.0 will be much better, the worst is behind us, says Byju Raveendran Jan 17, 2023 09:21 PM IST

    Davos 2023 | Byju's 2.0 will be much better, the worst is behind us, says Byju Raveendran

    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

  • Byju's to stop field sales to avoid mis-selling amid rising criticism over sales tactics Jan 16, 2023 06:17 PM IST

    Byju's to stop field sales to avoid mis-selling amid rising criticism over sales tactics

    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.

  • Unacademy-owned PrepLadder faces legal action from group of teachers over nonpayment of dues Jan 16, 2023 01:30 PM IST

    Unacademy-owned PrepLadder faces legal action from group of teachers over nonpayment of dues

    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

  • School edtech platform LEAD raises Rs 160 crore in debt capital, a day after layoffs Jan 11, 2023 06:44 PM IST

    School edtech platform LEAD raises Rs 160 crore in debt capital, a day after layoffs

    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.

  • Ronnie Screwvala-led upGrad CEO Arjun Mohan steps down Jan 10, 2023 05:47 PM IST

    Ronnie Screwvala-led upGrad CEO Arjun Mohan steps down

    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.

  • Unacademy's Relevel to layoff 40 more employees as it pivots from education biz to tests product app NextLevel Jan 10, 2023 04:51 PM IST

    Unacademy's Relevel to layoff 40 more employees as it pivots from education biz to tests product app NextLevel

    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

  • Byju’s seeks more time from lenders to recast $1.2 billion debt Jan 10, 2023 12:00 PM IST

    Byju’s seeks more time from lenders to recast $1.2 billion debt

    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.

  • Early investors look for buyers to sell off their stakes in Byju's Jan 10, 2023 09:22 AM IST

    Early investors look for buyers to sell off their stakes in Byju's

    A few have laid out 'soft' mandates to investment banks to look for buyers, they said, requesting anonymity, the report added.

  • Edtech startup Toddle raises $17 million from Sequoia Capital India, others  Jan 10, 2023 09:04 AM IST

    Edtech startup Toddle raises $17 million from Sequoia Capital India, others 

    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.

  • Healthcare edtech startup Virohan raises $7 mn led by Blume Ventures Jan 09, 2023 11:51 AM IST

    Healthcare edtech startup Virohan raises $7 mn led by Blume Ventures

    Virohan will use the funds to expand to more than 200 new campuses across India and is aiming to train over 7,000 students

  •  Westbridge-backed LEAD acquires Pearson’s K-12 India business Jan 06, 2023 06:41 PM IST

     Westbridge-backed LEAD acquires Pearson’s K-12 India business

    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

  • Study abroad startup Leap Scholar, valued at nearly $1 billion, earns $5.4 million in FY22 Jan 05, 2023 11:24 AM IST

    Study abroad startup Leap Scholar, valued at nearly $1 billion, earns $5.4 million in FY22

    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

  • Hate is public, love is private: Byju Raveendran to employees on his 2022 learnings Dec 30, 2022 06:30 PM IST

    Hate is public, love is private: Byju Raveendran to employees on his 2022 learnings

    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.

  • Messi, mis-selling, sackings, and burning cash: Byju's’ annus horribilis Dec 28, 2022 06:22 AM IST

    Messi, mis-selling, sackings, and burning cash: Byju's’ annus horribilis

    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

  • New unicorns halve in 2022 as startup ecosystem faces funding winter Dec 26, 2022 11:46 AM IST

    New unicorns halve in 2022 as startup ecosystem faces funding winter

    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.

  • Buying phone numbers, luring children to buy courses, threatening parents if refused: Byju's under glare Dec 20, 2022 09:32 PM IST

    Buying phone numbers, luring children to buy courses, threatening parents if refused: Byju's under glare

    "They're targeting first-generation learners. We'll initiate action & if need be will make report & write to govt," the NCPCR Chief said.

  • Interview | Edtech’s crisis fuelled by money and hubris, but it’s not a dead end Dec 20, 2022 09:59 AM IST

    Interview | Edtech’s crisis fuelled by money and hubris, but it’s not a dead end

    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

  • YouTube to take on Byju’s, Unacademy with new paid learning courses Dec 19, 2022 01:46 PM IST

    YouTube to take on Byju’s, Unacademy with new paid learning courses

    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.

  • Global edtech market is poised to touch $300 billion by 2029: Report Dec 13, 2022 10:37 PM IST

    Global edtech market is poised to touch $300 billion by 2029: Report

    Amid the slowdown in the Indian market, many edtech players expanded abroad and acquired paying customers in North America, SEA, and Middleeast.

  • Budget 2023: Edtechs call for lower GST slab on educational products and services, tax deductions on upskilling courses, among others Dec 13, 2022 09:44 AM IST

    Budget 2023: Edtechs call for lower GST slab on educational products and services, tax deductions on upskilling courses, among others

    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.

  • No credible competition in school edtech space: LEAD’s Sumeet Mehta Dec 06, 2022 12:43 PM IST

    No credible competition in school edtech space: LEAD’s Sumeet Mehta

    “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.