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...
22 Sep, 2022, 01.59 PM IST
New draft rules to tackle fake online reviews; IT ministry junks draft data anonymisation guidelinesA senior official in the Department of Consumer Affairs tells us the centre has finalised draft guidelines on countering the spread of fake...
09 Sep, 2022, 07.38 AM IST
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...
08 Sep, 2022, 10.41 PM IST
Google to allow fantasy gaming apps in India pilot; strike hits Dunzo Daily ops in BengaluruGoogle said on Thursday it is conducting a pilot to allow the distribution of Indian-made daily fantasy sports (DFS) and rummy apps on the ...
08 Sep, 2022, 07.20 PM 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
Byju's pushes back payments for billion-dollar Aakash deal“WhiteHat Jr is focused on providing quality education to young students while continuing to build a strong business. To realign with our b...
29 Jun, 2022, 05.27 PM IST
Byju's cuts 600 jobs across Toppr and WhiteHat Jr as Indian edtech space shrinksByju's subsidiaries laid off 600 employees as Indian edtech space reels under global macroeconomic headwinds.
29 Jun, 2022, 04.59 PM IST
Edtech unicorn Eruditus lays off employees to focus on profitabilityEruditus Group owns Eruditus Executive Education and Emeritus. Eruditus partners with over 50 universities such as MIT, Columbia, Harvard, ...
03 Jun, 2022, 06.37 PM IST
Mukesh Ambani replaces Gautam Adani to become India’s richest manFor the past few months, Gautam Adani had been enjoying the position due to accelerated prices of stocks of the Adani group. However, with ...
03 Jun, 2022, 04.37 PM IST
Reliance Industries rallies 14% in 2 weeks, market cap tops Rs 19 lakh crIn the last two weeks, shares of Reliance Industries have zoomed about 14 per cent, whereas the largest Indian company has surged about 20 ...
03 Jun, 2022, 11.15 AM IST
Edtech startup Udayy shuts down, lays off entire staffUdayy raised around $10 million from US-based Norwest Venture Partners in February. It raised $2.5 million in seed funding a year ago. “We ...
01 Jun, 2022, 06.55 PM IST
Startups reach out to find jobs for the laid-offScaler, Filo, Classplus, PhysicsWallah, BrightChamps, Teachmint, ByteLearn and Mojocare were some of those companies offering help.
20 May, 2022, 06.00 AM IST
Vedantu says it is laying off another 424 employeesVedantu had earlier fired 200 of its contractual and full-time employees, amid cratering demand for online education, owing to the opening ...
19 May, 2022, 10.39 AM IST
ETtech Interview | Accessing all kinds of capital to close large multi-billion dollar buys: Byju RaveendranRaveendran told ET in an interview that formal commitments were in from several lenders and that between the time the company made the news...
17 May, 2022, 03.53 PM IST
Startups shed flab amid slowdown in large funding roundsThe trend is likely to play out further, though the early-stage funding ecosystem has yet to significantly taper off. Investors have begun ...
28 Apr, 2022, 09.33 AM IST
Byju's faces litmus test as edtech bubble bursts in IndiaAs India reopens amid 'hybrid normal' and schools and colleges return to normal, edtech platforms see a significant dip in the demand for o...
18 Apr, 2022, 12.20 PM IST
Lido Learning bags Rs 41 crore in fundingLido Learning passed a special resolution to approve the allotment of 1,41,493 Series Seed 2 preference shares at an issue price of Rs 2,88...
10 Sep, 2021, 06.00 AM IST