Edtech

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.

SpeakX.ai raises $16 million led by WestBridge as AI-led edtech gains traction

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.

Vedantu raises $11 million in fresh funding from existing investors, gears up for external secondary round

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

Unacademy names co-founder Sumit Jain as CEO of test prep business

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

Eruditus secures up to $150 million refinancing from MARS Growth Capital, HSBC

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.

Allen Digital CEO Abha Maheshwari steps down after two-year stint

The former Meta executive had joined the coaching major in 2022 to lead its digital arm, Allen Digital, and drive its online business.

AI edtech startup Arivihan raises $4.17 million pre-series A led by Prosus and Accel

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

IPO-bound PhysicsWallah unveils Aryabhata 1.0 AI model to help JEE aspirants

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.

Coursera appoints Ashutosh Gupta as Managing Director for India and Asia Pacific

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

Study abroad platform Leap eyes M&A in undergrad, upskilling segments; turns Ebitda positive

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.

India’s tech capital Bengaluru jumps 7 spots to rank 14 in Global Startup Index

Bengaluru is now the world’s second-largest AI talent hub with over 6 lakh AI/ML professionals, the report showed.

Byju’s sells Tynker to CodeHS, offloads Epic! at heavy discount amid mounting financial woes

A third US subsidiary, educational gaming firm Osmo, is also up for sale but is yet to find a buyer

End of American Dream? Trump visa pause prompts more Indian students to explore Germany, Ireland, France

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

From software to smartboards: Behind edtech Teachmint’s pivot to hardware

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

Unacademy founders Gaurav Munjal, Roman Saini to step down, in talks to spin off Airlearn as new venture

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 app taken off Play Store, services disrupted amid AWS payment issues

Byju’s cloud service suspension affects app functionality, blocks access to paid content, and limits full website availability across platforms

WhiteHat Jr founder Karan Bajaj’s health tech startup Complement 1 raises $16-million seed round

The funds will be used to scale operations in the US, expand coaching infrastructure, enhance AI-driven personalisation engine and partner with cancer centres, health plans, and employers, the start-up said

Vedantu turns profitable in Q4, closes FY25 with Rs 284 crore in collections

The edtech firm notched Rs 90 crore in collections in the March quarter, up 67 percent from the year-ago period, CEO Vamsi Krishna has said

Unacademy in 'default alive' state, to cut core biz cash burn to Rs 200 crore in 2025: CEO Gaurav Munjal

With cash burn down, Munjal said that Unacademy is steering clear of acquisition-led growth – calling it a failed strategy in edtech – to focus instead on core business profitability, product innovation, and disciplined execution

Eruditus posts Rs 3,733 crore revenue in FY24, EBITDA loss narrows by 83%

Eruditus is the largest operational edtech company in India by way of revenue. Its revenue is 1.9-times larger than Noida-based PhysicsWallah (PW), and nearly twice as much as Ronnie Screwvala-led UpGrad.

Laid-off employees of US-based edtech firm Focus Edumatics file complaint with Karnataka Labour Commissioner

On February 12, the company received a notice from the Karnataka labour department on the matter, a day after former employees filed the complaint.

Leap Finance secures $100 million HSBC debt to fuel study abroad loans

The debt facility will allow Leap to offer more loans to students perusing or wishing to persue education abroad, extend services further in US, new university partnerships besides deepening presence in India.

US Bankruptcy court finds Byju’s, Riju Ravindran, and Camshaft Capital liable for fraud

Judge John T Dorsey of the U.S. Bankruptcy Court for the District of Delaware found that the defendants engaged in a deliberate effort to misappropriate funds meant to repay Byju’s lenders.

Should have been here sooner, but was busy saving everything I built: Byju Raveendran

Raveendran also alleged that he, along with several of his employees, has received a document with “conclusive evidence” of criminal collusion between EY India, US-based lender GLAS Trust, and the interim resolution professional (IRP)

Blackstone-backed Singapore Topco withdraws plea against Aakash AoA changes, boosting Byju’s control

The latest development also paves the way for Byju’s to push through the AoA amendments that were previously blocked by an NCLT stay following minority shareholder's (Singapore Topco) plea.