One quick thing: Govt cracks down on bulk SIM cards, bans 66,000 fraudulent WhatsApp accounts
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In January this year, Divya Gokulnath, co-founder of Byju's, said that the edtech company would be adding 300 more offline centres, also known as Byju's Tuition Centres (BTC).
“We are adapting quickly to the new normal,” she said with assurance, while speaking to us on the sidelines of the World Economic Forum in Davos.
Clearly, the company was betting big on the new way of learning—hybrid.
However, seven months later, things have changed. The company has not added any new centres. In fact, its existing centres are flooded with requests for refunds.
Nearly 60% of Byju's Tuition Centre customers have requested refunds in the last two years, according to exclusive data we have obtained.
Between November 9, 2021, and July 11, 2023, a total of 43,625 refund requests were submitted to Byju's Tuition Centres.
Additionally, parents are dissatisfied with the way the company is running these centers. We spoke to 15 parents of students to understand the issues they are facing.
High refund request rates at BTCs, which was touted as the next growth engine for Byju's, have raised concerns for the company, which is already facing a host of issues.
Like most edtechs, Byju's was betting big on the so-called hybrid coaching model to mitigate the impact of the post-Covid pullback. The company had earmarked $200 million for this purpose.
Byju's may now need to regroup and come up with a plan to address these on-the-ground issues.
The Indian government may have cleared the hurdle in Parliament after the Digital Personal Data Protection (DPDP) Act was passed smoothly in both Houses.
Rights groups are considering legal challenges to India's data protection law over concerns about exemptions for the government, the "weakening" of the Right to Information (RTI) Act, and other issues.
These groups have consistently raised concerns about the wide exemptions that the bill provides to government bodies from its provisions.
A potential legal challenge to the DPDP Act could have significant consequences, given the country’s ongoing efforts to strike a balance between protecting individuals’ personal data and fulfilling government obligations related to national security and law enforcement.
While India may have initially lagged in the generative AI race, it is well-positioned to emerge as the AI talent hub for companies developing models based on this revolutionary tech.
India is a top market for latent tech talent, with over 2.25 million tech graduates and almost 16% of the world's AI talent, according to Nasscom.
The country has immense potential to become “the largest feeder of skilled AI talent for global tech giants,” Digital India Corporation and National eGovernance Division’s Abhishek Singh told us.
By upskilling, this talent pool can become eligible for these roles and beat the overall hiring slowdown.
From the first metro in Kolkata, which began operations on October 24, 1984, to the latest one in Pune, which started on March 6, 2022, metro rail has come a long way.
However, the metro has transformed the way Indians travel with its air-conditioned coaches, automated fare collection systems, well-maintained stations, CCTV cameras, and punctual services.
This article is part of a special series capturing India's rising economic might as it emerges stronger from a pandemic amid a sluggish world economy. Read all stories.
Salman Khan is a household name in Bollywood, but did you know that there is another Khan with the same name who is making waves in the education world?
In a recent episode of his podcast, Unconfuse Me with Bill Gates, the Microsoft co-founder asked his guest Sal Khan, the founder of Khan Academy, if he ever gets confused with Bollywood actor Salman Khan.
He even said that he used to get letters from some of the actor's fans saying that they had always been in love with him and didn't know he could do math and all that. Find out more
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