Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuationThis will be the second funding round for PhysicsWallah, started by Alakh Pandey, a popular teacher, in 2016 as a YouTube channel providing...
How consolidation is taking hold in fund-starved edtech sectorAccording to industry executives, the consolidation is being driven by the fact that smaller companies often offer unique propositions and ...
Digital Competition Bill update; edtech consolidatesHappy Friday! The Centre is likely to go for another round of inter-ministerial consultations on the draft of the Digital Competition Bill....
Edtech consolidation; GenAI chatbot hallucinationsEdtech firm Schoolnet has acquired learning app Genius Teacher for an undisclosed sum. This and more on today’s ETtech Top 5.
Schoolnet acquires Housing cofounder's startup Genius Teacher in edtech consolidationAmid consolidation in the sector, Housing.com cofounder Advitiya Sharma's edtech startup Genius Teacher, a quiz-based e-learning platform f...
Edtech firm Schoolnet aims Rs 6,000 crore revenue in 7 yearsThe company claims to have reached a revenue of Rs 800 crore before the COVID-19 outbreak, but it came down due to the closing of schools d...
GoodWorker appoints Amit Jain as chief executive officerIn a career spanning over two decades, Amit has led large cross-functional teams across industries. In his previous stint, with Quikr, Amit...
ETtech Deals Digest: Cars24, Cashfree, Pravasi Rojgar raise funds this weekA quick look at this week's most important investments in the tech and startup space.
Sonu Sood's Pravasirojgar gets Rs 250 Cr funding from Temasek-backed GoodWorkerSood, who helped close to 7.5 lakh migrant workers and families reach their hometowns during the lockdown, had joined hands with education ...
IL&FS sells education arm to reduce Rs 650 crore debtThe transaction provides positive equity value to IL&FS and resolves nearly Rs 650 crore of consolidated fund based and non-fund based fina...
IL&FS gets NCLT approval for sale of education assets to Lexington Equity HoldingsA two-member Mumbai bench of the NCLT approved the sale of IL&FS's 73.69 per cent stake in Schoolnet India, formerly known as IL&FS Educati...
National Company Law Tribunal approves sale of IL&FS education arm to Lexington Equity"On hearing the Counsel for the applicant and upon going through the pleadings and the documents attached to the application, we are of the...
IL&FS to sell education arm to Lexington Holdings, pare Rs 600 crore debtAs per the deal, LEHL would service the entire debt of Rs 600 crore owed by Schoolnet and would pay a small equity to parent IL&FS. LEHL al...
Sonu Sood aims to help 2 crore migrants find employment, ties up with Schoolnet armSood, an engineer by qualification, reached out to friends and connected with professionals from skill training, technology and even non-go...
IL&FS education arm sale hit as investor refuses to sell stakeA collapse of the transaction would have an impact towards the resolution of Rs 94k cr of debt.
IL&FS gets creditors' approval for sale of education bizSchoolnet India Ltd (erstwhile IL&FS Education & Technology Service Ltd) would be sold to CPPPL.
- Govt okays 36 FDI proposals
Commerce and industry minister Murasoli Maran has cleared 36 foreign direct investment proposals worth Rs 245 crore.