Aug 08, 2022 10:07 AM ISTupGrad'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
Aug 05, 2022 07:59 AM IST Contenders are scrambling as the ed-tech incumbents are fumbling. But will their performance be any better?
Aug 03, 2022 10:26 AM IST 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.
Aug 02, 2022 02:27 PM IST In July, UpGrad Rekrut, a subsidiary of the edtech unicorn, acquired recruitment and staffing firm Wolves India
Aug 02, 2022 12:33 PM IST 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
Aug 02, 2022 08:08 AM IST 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.
Jul 29, 2022 10:57 AM IST 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.
Jul 28, 2022 07:19 AM IST 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.
Jul 27, 2022 08:00 AM IST 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.
Jul 26, 2022 10:39 AM IST 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.
Jul 23, 2022 10:46 AM IST 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.
Jul 14, 2022 01:11 PM IST 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
Jul 13, 2022 12:06 PM IST 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
Jul 13, 2022 12:04 PM IST 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.
Jul 12, 2022 05:19 PM IST 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.
Jul 11, 2022 04:26 PM IST 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
Jul 08, 2022 07:01 AM IST 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
Jul 04, 2022 02:16 PM IST 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.
Jul 02, 2022 11:52 AM IST 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
Jun 30, 2022 04:52 PM IST "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.
Jun 30, 2022 03:26 PM IST 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.
Jun 29, 2022 06:23 PM IST 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
Jun 24, 2022 10:35 AM IST 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
Jun 24, 2022 06:12 AM IST A daily round-up of the most interesting articles to help jump-start the day.
Jun 23, 2022 12:51 PM IST 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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