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COVID EDTECH BOOM
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Upgrad, Unacademy betting on AI to disrupt edtechGaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edtech playbook when it entered the m...
- Schools targeted with AI learning apps despite experts' doubtsThe Covid era brought forth a boom in what is called the edtech sector. Since then, tech giants like Microsoft, Meta, and OpenAI have been ...
- 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 ...
- Eruditus FY22 revenue up 87%; loss excluding exceptional items at $66 millionIn the financial year ending FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed. The Mumbai-based edtech...
- B2B edtech company Uolo buys code-learning platform TekieIn December, Uolo raised $22.5 million in a Series A funding round led by Dubai-based growth-stage investment firm Winter Capital. Morphosi...
- Amazon to shut down online learning academy in IndiaBased on an assessment, the ecommerce giant said in a statement that it had made the decision to discontinue Amazon Academy "in a phased ma...
- Salary in certain sectors to reach pre-pandemic level by fiscal-end: TeamLease HRTech CEOSectors such as automobiles, hospitality, BPO, ITES, construction and real estate were the worst affected by the disruptions during the Cov...
- Smartkarma Research: India EdTech Woes: Waning Demand, Dried up Funding & Risk of Eroding ValuationsThis pandemic-led boom in subscriptions helped drive valuations manifold. But with schools and physical tuition classes now back to full sw...
- Byju's among most active TMT cos across global M&A market in 2021: ReportBengaluru-based Byju’s (Think and Learn) has emerged as the most active media & telecom (TMT) company across the global merger and acquisit...
- Higher education, lifelong learning to drive edtech market growth, says Redseer reportThe online education market, which includes K12, higher education and lifelong learning or upskilling in India is presently worth around $1...
- Can Budget convert India’s demographic dividend into skill dividend?This year’s budget should create clear directives and frameworks for policy implementation and provide a much-required support ecosystem sp...
- Exclusive: Scaler is in talks to bag $70-100 million fundingScaler, which helps working professionals upgrade their skills and grow in their respective careers, has so far raised $21.5 million from m...
- Byju’s posts Rs 262 crore consolidated loss in FY20, revenue up 82%Byju’s, which at $16.5 billion is India’s most valued startup, earned almost three times more from sale of tablets and SD cards than from s...
- Overheated startup sectors may see a resetEven as entrepreneurs joined forces through M&As to tackle the pandemic, the absence of Chinese money in the ecosystem resulted in muted la...
- Situations Vacant: 12,000 jobs on offer in edtechThere are currently around 12,000 active openings for permanent job roles across levels at leading edtech companies, according to an estima...
- Silver lining for jobseekers as edtech, pharma, e-commerce, logistics sectors to continue hiringThe IT industry should see about half of the top ten IT services companies requiring fresh, top-rated tech talent, almost a third of the re...
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