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    • Uncertainty looms over Gaurav Munjal’s new startup as UpGrad calls off Unacademy deal

      Sources told Moneycontrol that Munjal and Roman Saini were in talks to raise about $17 million for the new venture from Peak XV Partners and Blume Ventures, and a dozen marquee founders.

    • UpGrad and Unacademy acquisition talks fall through over valuation differences

      UpGrad's Ronnie Screwvala confirmed to Moneycontrol that the deal to buy Unacademy is off.

    • Unacademy puts ESOP amendments on hold after backlash from former employees

      The decision comes amid valuation markdown concerns and ongoing acquisition talks with upGrad.

    • Unacademy co-founder Gaurav Munjal clarifies ESOP conversion move for former staff amid valuation markdown

      This comes as the edtech firm negotiates a potential all-stock sale to UpGrad, reported first by Moneycontrol, while restructuring its leadership and grappling with a sharp markdown

    • Ronnie Screwvala earmarks $50 mn to back AI, deeptech, spacetech startups; says he’s looking for his 'next Lenskarts'

      In an interview with Moneycontrol, Screwvala said India’s next wave of long-cycle value creation will come from technical founders building in frontier sectors, making this the right moment for concentrated, long-horizon bets.

    • After Manipal Group, Ronnie Screwvala’s UpGrad submits bid for Byju’s parent; eyes Great Learning

      UpGrad’s bid is focused on higher-education assets such as Great Learning — not the K12 business, sources told Moneycontrol; the move comes as the company is also in talks to acquire Unacademy as part of a wider consolidation strategy

    • UpGrad’s CPTO Ankur Dhawan steps down amid Unacademy acquisition talks

      Ankur Dhawan joined UpGrad in 2020 and was elevated to Chief Product and Technology Officer earlier this year.

    • Ronnie Screwvala's UpGrad in talks to acquire Unacademy for $300- $400 million

      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.

    • The IPO gold rush in Edtech is worrisome, many are mistaking it for easy capital, says Ronnie Screwvala

      Operating at a revenue run rate of Rs 2,400 crore, upGrad is targeting a steady 35 percent CAGR over the next decade, with a balanced expansion across domestic and global markets, Co-founder and Chairperson Ronnie Screwvala told Moneycontrol.

    • Upgrad Co-founder Mayank Kumar steps down to launch new global talent venture

      While stepping back from day-to-day duties at Upgrad, Kumar will remain involved in the company’s strategic direction as a co-founder and director. Founder and chairman Ronnie Screwvala will take on a more active role

    • Ronnie Screwvala keen to change how wealthy Indians give back to society

      Swades Foundation, a non-profit run by the Screwvala family, has filed the draft papers to raise Rs 10 crore via the social stock exchange of NSE. The seasoned entrepreneur wants to attract high profile industrialists and celebs to the project

    • upGrad appoints Dealshare's Venkatesh Tarakkad as its first CFO

      Tarakkad will be based in Mumbai and assumes his role from March 1, the company has said

    • Screwvala may have a point but blame games won’t help India’s edtech arena

      Individual companies need to take a long hard look at their operations, put in place strong oversight mechanisms, and think long term rather than be mindlessly obsessed with valuations to emerge as stronger sustainable enterprises

    • UpGrad’s Ronnie Screwvala calls for a meeting of edtech founders

      Ronnie Screwvala said that the meeting may or may not conclude with the formation of an agenda for next steps, but it would be beneficial to discuss a few things as a collective group.

    • Ankur Dhawan steps down as upGrad Abroad president

      This is the second such top-level switch in 2024 at the higher education and upskilling unicorn upGrad. The company has now appointed Ankur Nyati, former COO of WhiteHat Jr and Utkarsh Classes, to take over the position effective immediately.

    • UpGrad-owned KnowledgeHut’s CEO Subramanyam Reddy resigns; former Byju's executive Asheesh Sharma takes helm

      Sharma recently resigned from Byju’s and has joined KnowledgeHut. He will assume the role of CEO at the company, effective January 2.

    • Exampur delays pay, holds dues to ex-staff for months after UpGrad calls off buyout

      Founder Vardaan Gandhi told Moneycontrol that the company plans to pay off salaries and full and final settlements in the next four months, with the first tranche being remitted by January 31.

    • upGrad in FY 23 doubles Revenue; loss remains the same

      Delivering outcomes & placements remain at the core focus while servicing consumers and enterprise clients, having helped over 55,000 transitions into better job opportunities in just the last FY.

    • Ronnie Screwvala of upGrad and Acko's Varun Dua join Shark Tank India as judges

      With this, the third season of Shark Tank India is set to have 12 judges on its panel -- almost twice the number of its previous seasons.

    • upGrad’s Mayank Kumar quits as edtech consortium chairperson, PhysicsWallah's Maheshwari to take over

      Kumar, who was leading India Edtech Consortium since 2022 along with Byju’s co-founder Divya Gokulnath, has sent a mail to the members of the consortium about his decision to quit

    • GST officials visit Ronnie Screwvala-led upGrad's office premises in Mumbai

      The company said that it was a routine check and it is fully compliant and cooperating with the authorities

    • upGrad enters the Pacific region, sets up Institute of Medical Sciences in Vanuatu

      The company also earmarked $10 million to launch the university.

    • Upgrad's Ronnie Screwvala jabs Byju's over US lawsuit: 'Not even Netflix or HBO...'

      Ronnie Screwvala raised concerns about the potential impact on India's reputation as an attractive investment hub amid Byju's latest legal matter.

    • Upgrad called out for using Sundar Pichai’s likeness in ad campaign

      Indian edtech platform upGrad is being called out for using Google CEO Sundar Pichai’s name and likeness in its latest ad campaign

    • Impact of valuation markdown will only be clear in next funding round: Eruditus’ Ashwin Damera

      The edtech unicorn said that the valuation mark down came from a limited partner of one of its investors, and not the investing firm itself.

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