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EDTECH INDUSTRY CONSOLIDATION
Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
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, Unacademy file application with CCI for mergerEdtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merger. UpGrad will acquire Unacademy ...
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 deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
Our investors ignored, disrespected us: Udemy cofounder opens up about sale to CourseraAiring his frustration over the startup’s sale to rival Coursera, Gagan Biyani said in a social media post that 15 years of investor-led de...
Upgrad in talks to acquire Unacademy for $300-320 million, 90% lower than its peak valuationUnder the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion presently, sources told ET. The co...
Edtech firms turn to hybrid models to ace business sustainability test2025 is expected to be a crucial year for the edtech sector. Companies are focusing on sustainable practices and delivering tangible result...
Lead Group turns Ebitda positive in Q1 FY25; revenue up 25% at Rs 370 crore in FY24Attributes growth to robust demand for tech-driven, integrated solutions aligned with the National Curriculum Framework (NCF) across school...
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 ...
Dream11’s Harsh Jain is IAMAI’s new chairperson; Rishad Premji took 50% salary cut in FY23Dream11’s Harsh Jain was elected as the chairperson of the Internet and Mobile Association of India (IAMAI) amid an ongoing tussle between ...
Edtech cos eye hybrid route, mergers for business sustainabilityHe said online education, despite all its advantages, is not the solution to all problems and as the world goes back to normalcy, the indus...
IAMAI constitutes consortium for edtech firms; Byju's, Simplilearn, Unacademy join groupSeveral edtech entities have joined the IEC such as Byju's, Careers 360, Classplus, Doubtnut, Great Learning, Harappa, Times Edutech & Even...
Edtech sector to consolidate in hiring, investments as schools, colleges open: ExpertsThe pandemic has drastically changed the way of teaching and learning, and the funding for ed-tech has remained bullish leading to the adop...
Edtech sector to consolidate in hiring, investments as schools, colleges open: ExpertsThe pandemic has drastically changed the way of teaching and learning, and the funding for edtech has remained bullish leading to the adopt...
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...
Hero Group forays into edtech with Hero ViredHero Vired, led by Akshay Munjal, has partnered with MIT and New York-based Codecademy to develop skill sets of those who have completed sc...