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EDTECH MERGER
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-yearIndian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 m...
- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- 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.
- Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...
- 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 ...
- AHH names Venkatesh Tarakkad as CFO; Ritesh Pandey moves to chief business officer roleAsia Healthcare Holdings has appointed Venkatesh Tarakkad as its new Chief Financial Officer and Head of Business Development. Tarakkad bri...
- Aakash’s backers slam AoA tweak plan at NCLTSenior advocate Darius Khambata, representing the minority shareholders, said that these articles are legally binding and would take preced...
- Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: sourcesThe Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. The edtech comp...
- Coursera sees spike in GenAI course demand, India leads enrolmentsRaghav Gupta, Coursera's Managing Director for India and Asia Pacific, highlighted that while overall online learning growth has slowed com...
- 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 ...
- India among biggest edtech centres: Anthology Global CEO Bruce DahlgrenAnthology, a global edtech company, is operational in 80 countries and has 150 million consumers.
- Cash-strapped edtech startup Lido Learning files for bankruptcyLido Learning’s board passed a resolution in an extraordinary meeting held on September 5 to file an application under Section 10 of the In...
- 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...
- Edtech BrightChamps eyes M&As for growthThe acquisitions will likely be across India, the United States, the UK, the Middle East and Southeast Asia.
- 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...
- upGrad consolidates its three India subsidiaries into one unitupGrad has consolidated its three Indian subsidiaries—upGrad Campus, upGrad Jeet and upGrad KnowledgeHut—to create one parent company in In...
- Scaler Academy acquires online coding platform Coding ElementsThe Bengaluru-headquartered company had been in talks with Coding Elements for about a month as it was looking to offer a data science cour...
- Startups combine forces to tide over tough timesDoctor consultation app DocsApp's merger with Bengaluru-based MediBuddy to expand its reach and enter new service categories was a key M&A ...
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