Edtech unicorn Lead Group appoints new CGO, CFOWhile Arpit Jain will spearhead the finance and legal functions of the group, CGO Arvind Singhal will be tasked with providing a comprehens...
24 Jan, 2024, 02.49 PM IST
FrontRow shuts shop, likely to return 20% of capital raised to investorsBengaluru-based FrontRow, which raised $18 million since 2020, had laid off 90% of its employees over two rounds to rein in costs in a fail...
11 Jul, 2023, 05.15 PM IST
Unacademy cash burn down to Rs 1.9 crore, revenue at Rs 130 crore in May: Gaurav MunjalThese claims come after Munjal said in November last year that the company had brought down its monthly burn down to $7 million (roughly Rs...
28 Jun, 2023, 07.50 PM IST
Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...
02 Feb, 2023, 10.13 PM IST
Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommend...
01 Feb, 2023, 08.19 AM IST
Edtech startup Vedantu's FY22 losses extend to Rs 696 croreTotal expenses, which was led by people costs, went up 19% in the reported period of FY22, at Rs 890.93 crore. People costs, a growing conc...
31 Jan, 2023, 10.53 PM IST
2022 Year in Review: Fund-starved startups sacked nearly 18,000 employeesEdtech companies accounted for a staggering 44% of the total layoffs. In total, 52 startups fired 17,989 employees spread across edtech, co...
30 Dec, 2022, 02.45 PM IST
Edtech companies need to rework models to keep parents happyThe survey covered 521 parents to understand their experience with edtech offerings in the K-12 and JEE-NEET preparation segments.
07 Nov, 2022, 07.01 AM IST
Coursera India market may pip US, Europe: CEO Jeff MaggioncaldaCoursera is 'thinking long-term focus' on India's population of 850 million young people, CEO Jeff Maggioncalda told ET.
22 Oct, 2022, 08.50 AM IST
Lido sends final settlement offers to its employeesTeachers, educators, counsellors, and administrative staff have also received a similar offer, the people said requesting anonymity.
19 Sep, 2022, 06.00 AM IST
Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
03 Jul, 2022, 11.21 AM IST
Edtech carnage continues as WhiteHat Jr lays off 300 employeesWhiteHat Jr posted a total loss of Rs 1,690 crore for FY21, according to regulatory filings filed with the Ministry of Corporate Affairs.
29 Jun, 2022, 07.26 PM IST
Edtech unicorn Unacademy’s consolidated loss widens to Rs 1,474 crore in FY21Unacademy's revenue from operations rose to Rs 337 crore in FY21 from Rs 65 crore in the previous fiscal year.
25 Jun, 2022, 12.16 AM IST
Vedantu’s consolidated net loss widens to Rs 604.28 crore in FY21The Tiger Global-backed startup’s employee benefit expenses increased by 4.6 times to Rs 407.4 crore in FY21 against Rs 88.3 crore in FY20,...
24 Jun, 2022, 10.44 PM IST
Rupeek lays off 200 employees amid slowdown in fundingIn a written communication to employees on Tuesday morning, Rupeek founder and chief executive Sumit Maniyar said the company had taken a “...
07 Jun, 2022, 08.50 PM IST
Vedantu on track to be 'IPO-ready' in 18-24 monthsThe company said that as much as 90-95 per cent of the market remains unpenetrated, offering massive scope for edtech players to expand.
31 Mar, 2022, 07.24 PM IST
Unguarded servers behind big Indian data breaches of 2019The cost of response mechanisms such as detection and notification processeas are high, while company share prices are likely to drop along...
10 Jan, 2020, 07.45 AM IST