Edtech

Government keeping a close eye on Byju’s after delays in tax filings: Report

India’s most valuable startup Byju’s is under scrutiny from the Ministry of Corporate Affairs after the company had a 17-month delay in filing its audited accounts for FY21

No IPL sponsorship, no free meals, salary cuts: What’s going on at Unacademy?

The move comes even as the firm is eyeing a potential IPO sometime in the next two years and in the backdrop of the start-up sector seeing more than 12,000 lose their jobs in 2022 with edtech firms at the forefront of slashing payroll

Tough lessons: Are Byju’s mass layoffs a sign of trouble for India's edtech sector?

In a post-pandemic world, where edtech companies are struggling to survive, Byju's has laid off at least 1,500 employees. While the company disputes the numbers, it says the move is part of its efforts to 'optimise' teams

Former Twitter India head Manish Maheshwari quits company to launch edtech start-up

The aim of his new edtech venture is to create a Metaverse ecosystem where students can find educational institutes and courses, campus, employment and social circle on the same network

upGrad losses shoot up 84 percent in the financial year 2020 even as revenue nearly doubles

In the financial year 2020, upGrad’s total revenue increased 91percent to Rs 163 crore from Rs 85 crore in FY19.

Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019

The report states that the Indian subcontinent is one of the largest markets for education with 360 million learners in FY20.

Sequoia-backed Eduvanz acquires edtech firm Klarity

COVID-19 aftermath: Funding divide among Indian startups makes survival difficult; while some bag millions, others struggle

Funding in Indian tech-led startups rose by 14 percent in the first quarter of 2020 as compared to the same period last year, yet only 16 percent startups and SMEs have cash to survive for more than three months, revealed a recent survey

NIIT inks agreement with a US-based EdTech company for virtual education services

NIIT has recently launched a 'Remote Work Excellence Kit' free course to support remote working for corporate executives, management students

Fund raising activity goes 'cold' in India; PE, VC investments may dip up to 60% in 2020 due to COVID-19: EY

In the past few years, fund raising activity has been touching record highs, and grew 28 percent to $48 billion in 2019.