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  • upGrad raises $210 million at $2.25 billion valuation in round led by ETS Global, Bodhi Tree Aug 08, 2022 10:07 AM IST

    upGrad raises $210 million at $2.25 billion valuation in round led by ETS Global, Bodhi Tree

    upGrad's multi-million dollar fundraise and aggressive hiring plans come at a time when edtech companies in India including some of the highest-valued unicorns like Unacademy, Byju's and Vedantu are firing hundreds of employees amid a decline in demand for their services

  • Early-stage funding in Indian ed-tech bucks global trend, jumps 2.5x in 2022 Aug 05, 2022 07:59 AM IST

    Early-stage funding in Indian ed-tech bucks global trend, jumps 2.5x in 2022

    Contenders are scrambling as the ed-tech incumbents are fumbling. But will their performance be any better?

  • Edtech consortium's independent grievance body dismisses 'mis-selling' case against Byju's-owned Great Learning Aug 03, 2022 10:26 AM IST

    Edtech consortium's independent grievance body dismisses 'mis-selling' case against Byju's-owned Great Learning

    The IGRB's order comes as a relief to Great Learning and Byju's group companies, which were under fire for mis-selling and mis-representation.

  • Edtech unicorn upGrad acquires test-prep platform Exampur Aug 02, 2022 02:27 PM IST

    Edtech unicorn upGrad acquires test-prep platform Exampur

    In July, UpGrad Rekrut, a subsidiary of the edtech unicorn, acquired recruitment and staffing firm Wolves India

  • Notes from Kota: Meet the small businesses powering India’s $500-million coaching hub Aug 02, 2022 12:33 PM IST

    Notes from Kota: Meet the small businesses powering India’s $500-million coaching hub

    The businesses that have come up in Kota over the past three decades provide direct and indirect livelihood to more than 200,000 people. The town is humming again after a temporary setback caused by COVID-19

  • Exclusive | Unacademy suspends contracts of doubt-solving educators for 6 months in another cost-cutting move Aug 02, 2022 08:08 AM IST

    Exclusive | Unacademy suspends contracts of doubt-solving educators for 6 months in another cost-cutting move

    Unacademy told the educators that it has made 'strategic changes' to its customised learning solutions and owing to the change, it will 'significantly' reduce doubt solving on its platform.

  • Notes from Kota: Meet Nitin Vijay or NV sir, the real-life Jeetu Bhaiya of Kota Jul 29, 2022 10:57 AM IST

    Notes from Kota: Meet Nitin Vijay or NV sir, the real-life Jeetu Bhaiya of Kota

    Jeetu Bhaiya, a character spun off by Netflix in its hit series on Kota, called Kota Factory, was inspired by Nitin Vijay. Vijay founded Motion Education, one of Kota’s most famous coaching centres, and he has a lot of advice and suggestions for IIT and medical aspirants.

  • Notes from Kota | Teachers have last laugh, get fat hikes as poaching intensifies at India’s coaching capital Jul 28, 2022 07:19 AM IST

    Notes from Kota | Teachers have last laugh, get fat hikes as poaching intensifies at India’s coaching capital

    The total number of IIT aspirants this year is expected to top 22 lakh. But, with only 16,000 seats available across India’s 23 IITs, competition for every seat is intense. And since Kota churns out a large number of successful IIT aspirants every year, demand for the town’s classes and teachers has jumped post the pandemic.

  • Notes from Kota | A day in the life of a teenage student in India's education capital Jul 27, 2022 08:00 AM IST

    Notes from Kota | A day in the life of a teenage student in India's education capital

    Rahul’s story is a microcosm of lakhs of students who flock to Kota every year, with dreams of cracking competitive examinations that will guarantee them a place in a leading engineering or medical institution.

  • Notes from Kota: As edtechs slug it out, India’s coaching capital is the ultimate winner Jul 26, 2022 10:39 AM IST

    Notes from Kota: As edtechs slug it out, India’s coaching capital is the ultimate winner

    In this special series, Moneycontrol goes to ground zero to find out how a small town in Rajasthan became one of India’s biggest education hubs.

  • Test prep firm CL Educate open to acquiring firms; to add about 300 more physical centres: Group CEO Nikhil Mahajan Jul 23, 2022 10:46 AM IST

    Test prep firm CL Educate open to acquiring firms; to add about 300 more physical centres: Group CEO Nikhil Mahajan

    We are open to acquiring players as long as they come at right price, bring in right value. Valuation apart, the business actually has to be real cash generating. We are not going to acquire something, which is only subscriptions without any revenue, says Mahajan.

  • Byju’s-owned Great Learning under fire for 'mis-selling' IIT-Bombay course Jul 14, 2022 01:11 PM IST

    Byju’s-owned Great Learning under fire for 'mis-selling' IIT-Bombay course

    The mis-selling complaints come at a time when the edtech decacorn is struggling to manage cash for its operations and is cutting costs aggressively as well as looking at various ways to raise funds

  • We are building a company to outlast many others: UpGrad co-founder Ronnie Screwvala Jul 13, 2022 12:06 PM IST

    We are building a company to outlast many others: UpGrad co-founder Ronnie Screwvala

    As rivals go for mass sackings and restructuring, Ronnie Screwvala’s upGrad plans to hire around 3,000 people to increase its workforce to around 6,500-7,000 by August

  • We are hiring as tailwinds blow behind us: upGrad cofounder Mayank Kumar  Jul 13, 2022 12:04 PM IST

    We are hiring as tailwinds blow behind us: upGrad cofounder Mayank Kumar 

    Kumar’s remarks come at a time when edtechs in India have been roiled by layoffs and funding crunch. Kumar believes upGrad is largely insulated from the storm since professionals turn to upskilling in a bleak job market.

  • Unacademy to exercise internal migration for redundant employees: Gaurav Munjal Jul 12, 2022 05:19 PM IST

    Unacademy to exercise internal migration for redundant employees: Gaurav Munjal

    The company has laid off over 750 employees or about 12 percent of its workforce including educators and contractual employees since the start of 2022.

  • No free meals for employees, founders and management to take salary cuts: Unacademy's path to profitability Jul 11, 2022 04:26 PM IST

    No free meals for employees, founders and management to take salary cuts: Unacademy's path to profitability

    Employees, including CXOs (top management) will not be provided business class treatment for travel and anyone who wants an upgrade can pay from their own pocket

  • Exclusive | SoftBank-backed Unacademy spent Rs 100 crore to poach 30 teachers in Kota Jul 08, 2022 07:01 AM IST

    Exclusive | SoftBank-backed Unacademy spent Rs 100 crore to poach 30 teachers in Kota

    Kota holds significant importance for new-age edtech companies such as Unacademy, as it has been an offline education hub, especially for engineering and medical test preparations, for decades

  • Payments to Aakash closed, financial results to be filed in 10 days: Byju's Jul 04, 2022 02:16 PM IST

    Payments to Aakash closed, financial results to be filed in 10 days: Byju's

    The delay in filing its FY21 results and pushing back of payments to Aakash come at a time when media reports have suggested that the company is struggling to manage cash for its operations and is resorting to cutting costs aggressively as well as looking at various ways to raise funds.

  • Byju’s’ FY21 results may take few more few weeks, Deloitte yet to sign off on them Jul 02, 2022 11:52 AM IST

    Byju’s’ FY21 results may take few more few weeks, Deloitte yet to sign off on them

    The delay in filing comes at a time when the company has been firing people, with reports saying that India’s biggest education company is struggling with funds

  • 'Byju's fired me without stating a proper reason. I was devastated', shares employee Jun 30, 2022 04:52 PM IST

    'Byju's fired me without stating a proper reason. I was devastated', shares employee

    "Treating an employee with such disrespect is extremely unethical," Rajshree Dhar, a content developer with Byju's, said. Thursday is her last working day at the company.

  • Vedantu joins Byju's, Unacademy, PhysicsWallah to open offline centre Jun 30, 2022 03:26 PM IST

    Vedantu joins Byju's, Unacademy, PhysicsWallah to open offline centre

    Vedantu joins a growing list of edtech unicorns to open offline tuition cetres. SoftBank-backed Unacademy, Byju's and Physicswallah have opened offline tuition classes across the country in a bid to capitalise on rising demand for offline coaching with the pandemic situation normalising.

  • Exclusive: Deep cuts at Byju's: Over 2,500 employees laid off across Byju’s, Whitehat Junior and Toppr Jun 29, 2022 06:23 PM IST

    Exclusive: Deep cuts at Byju's: Over 2,500 employees laid off across Byju’s, Whitehat Junior and Toppr

    Byju's has laid off full-time and contractual employees from Toppr, WhiteHat Jr, and its core team across sales and marketing, operations, content and design teams

  • Edtech unicorn Vedantu's loss widens four times in FY21 as employee expenses soar Jun 24, 2022 10:35 AM IST

    Edtech unicorn Vedantu's loss widens four times in FY21 as employee expenses soar

    The edtech company, which got valued at over a billion dollars in September last year, reported a fourfold increase in expenses to Rs 744 crore for FY21 from Rs 186 crore a year earlier, as employee benefit expenses rose to Rs 408 crore in FY21 from Rs 88 crore in FY20

  • Moneycontrol Daily: Your Essential 7 Jun 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.

  • Poaching and coaching in Kota: Race for $500 million education hub heats up Jun 23, 2022 12:51 PM IST

    Poaching and coaching in Kota: Race for $500 million education hub heats up

    As the pandemic recedes, competition between education companies in Kota is a lot more fierce than among the students as edtech startups look to hire teachers for their offline enterprises.

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