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BYJUS SHUTDOWN
UpGrad in talks with Unacademy investors, no deal yet, says Ronnie ScrewvalaRonnie Screwvala, the mind behind UpGrad, has disclosed that he is in talks with Unacademy investors, although a finalized deal isn't on th...- Karnataka HC to hear Byju’s plea against NCLT’s insolvency order on July 31The NCLAT has listed Byju’s petition for hearing on Monday. Earlier, Raveendran had filed a writ petition in the HC to suspend the NCLT ord...
- ET Explainer: Byju's steps on the insolvency tripwire. What happens next?For more than a year now, the Bengaluru-based edtech company has been in turbulent waters with issues ranging from payment defaults, staff ...
- Karnataka HC rejects Byju’s plea in BCCI case; edtech firm to move NCLAT on MondayThe case relates to unpaid dues of Rs 158 crore payable to BCCI for sponsorship rights. The troubled edtech firm will knock on the doors of...
- Byju's faces total shutdown if insolvency proceeds: CEO Byju RaveendranByju's, valued at $22 billion, may shut down due to insolvency, stated CEO Raveendran. Byju's, backed by investors like Prosus and General ...
- Top startup & tech stories this weekWelcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our repor...
- Decoding the digital competition law; Perfios turns unicornIndia’s consumer internet firms have expressed reservations about the ex-ante framework in the proposed digital competition law. This and m...
- Decoding Paytm’s compliance lapses; Temasek exits PolicybazaarThe leadership of fintech firm Patym on Thursday acknowledged that it may have fallen short on compliance issues, triggering punitive actio...
- Udaan’s valuation plummets; draft rules for fintech self-regulatory bodiesBusiness-to-business (B2B) ecommerce platform Udaan has taken a major hit with its valuation being chopped by nearly half to $1.8 billion i...
- Startups’ annus horribilis; and other top tech stories this weekIndian startups are closing 2023 with a cloud of uncertainty looming large over them.
- US investment firm Vanguard slashes Ola’s valuation again by more than 50% to $3.5 billionThe valuation cut comes at a time when a number of headline investors in multiple Indian startups have done the same, amid a global rout ac...
- Ola’s valuation slashed 35% to $4.8 billion by US investor VanguardThe development comes on the back of Ola exiting verticals like food and grocery delivery and second-hand car sales, to focus on its mainst...
- Cuemath announces layoffs, founder Manan Khurma reassumes CEO roleThe decision to lay off employees has impacted 100 out of about 800 roles, across functions, a spokesperson for the Sequoia Capital India-b...
- FrontRow fires 130 employees in second layoff exerciseThis is the second layoff for FrontRow after it laid off close to 145 full-time and contractual employees in May this year. After the secon...
- Online model a ray of hope for Kota’s leading coaching chainsIn several instances, student enrolment numbers have surpassed pre-Covid levels. The same, however, does not apply to revenues as online fe...
- Kota’s coaching institutes have a new rival: Edtech giant Byju's test prep ambitionsEducation sector analysts that ET consulted say Kota institutes have been steadily losing market share to players such as Aakash, FIITJEE a...
- Riding out the Maha lockdownIn today's ETtech Morning Dispatch newsletter: Threat to businesses loom large in India's richest state, Swiggy and Meesho raise new funds ...
- Amazon launches Amazon Academy for JEE, competitive exams preparationAmazon Academy will offer a range of JEE preparatory resources like mock tests, 15,000 questions with hints and detailed step-by-step solut...
- Testing Times: What does it mean to prepare for JEE, NEET in a pandemic?For millions of students, the pandemic has changed the dynamics of education. As the norms and procedure to safely conduct an entrance exam...
- Aspirants flock to e-learning sites in search of 'sarkari naukri'Industry players said aspirants from small towns, who would earlier prefer going to a physical centre near their home or in a large town, a...
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