EdTech
- Business
NCLT refuses to defer Byju’s EGM to raise capital via rights issue
New Delhi: In a breather for embattled edtech company Byju’s, the National Company Law Tribunal (NCLT) on Thursday refused to stay the extraordinary general meeting (EGM) called by the board of directors…
- Business
Edtech startup MyCaptain raises funds for strategic growth
New Delhi: Edtech startup MyCaptain on Thursday said that the company raised a funding of Rs 14 crore from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital. Securing funds…
- Business
Didn’t siphon off funds, $533 mn with our 100 pc non-US subsidiary: Byju’s
New Delhi: Embattled edtech company Byju’s on Tuesday said that no funds have been siphoned off and around $533 million are currently in a 100 per cent non-US subsidiary of the company.…
- Business
Byju’s rights issue to raise $200 mn fully subscribed
New Delhi: Edtech firm Byju’s rights issue to raise $200 million at a 99 per cent valuation cut has been fully subscribed. In a shareholders’ letter accessed by IANS, founder and CEO…
- Business
Edtech unicorn PhysicsWallah’s profit nosedives 91% to Rs 9 cr in FY23
New Delhi: Edtech unicorn PhysicsWallah (PW) registered a massive 91 per cent plunge in its profit in the fiscal year that ended March 31, 2023. The Alakh Pandey-led company saw its net…
- Business
Edtech firm Adda247 posts 4X surge in losses in FY23, revenue up over 88%
New Delhi: Google-backed edtech platform Adda247 has posted a four times surge in its losses to Rs 110 crore in FY23 as compared to Rs 28 crore in FY22. Adda247’s revenue from…
- Business
Unacademy’s losses down 40% in FY23, revenue grows 26%
New Delhi: Edtech company Unacademy’s losses decreased by about 40 per cent in FY23, as its revenue grew at 26 per cent in the fiscal year ending March 2023. To reduce losses,…
- Technology
Unacademy appoints new Chief People Officer amid top-level exits
Bengaluru: Edtech platform Unacademy on Wednesday announced the appointment of Sandhydeep Purri as the Chief People Officer, as high-profile exits at Gaurav Munjal-run edtech company Unacademy continued. With over 25 years of…
- Business
Edtech platform Cuemath’s losses up, sales dips over 18%
New Delhi: Google-backed edtech platform Cuemath’s losses went up by 8.3 per cent to reach Rs 235 crore in FY23, from Rs 217 crore in FY22. The startup’s revenue from operations nosedived…
- Technology
Oracle to modernise India’s edtech platform ‘DIKSHA’
New Delhi: Cloud major Oracle on Wednesday announced that the Ministry of Education has selected “Oracle Cloud Infrastructure” (OCI) to modernise India’s national education technology platform “Digital Infrastructure for Knowledge Sharing” (DIKSHA).…
- Business
GST officials search UpGrad offices, edtech unicorn says ‘routine survey’
New Delhi: Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement…
- Business
No SFIO probe on edtech giant BYJU’s, say sources
New Delhi: There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU’S, according to sources in the Ministry of Corporate Affairs (MCA). The Registrar of Companies (ROC) Bengaluru…
- Technology
Edtech firm Chegg to cut 4% of staff as AI risks business
San Francisco: US-based online learning platform Chegg has revealed its plans to cut about 4 per cent of its workforce, just weeks after its CEO admitted that OpenAI’s ChatGPT was crushing its…
- Middle East
UAE participates in education technology exhibition in London
Dubai: The UAE took part in the education technology exhibition and conference – the British Educational Training and Technology Show – (Bett) held in London from March 29th to 31st. The UAE…
- Hyderabad
Moodle opens its Indian subsidiary in Hyderabad
Hyderabad: Moodle, global open-source e-learning management system, launched its Indian subsidiary in Begumpet on Monday. The move comes after its acquisition of the city based eAbyas Info Solutions in December, 2022. Also…