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PHYSICS WALLAH LAYOFFS
Microsoft's $17.5B India power play; Swiggy QIP opensMicrosoft is getting ready to spend more on AI in India. This and more in today's ETtech Top 5.- Groww enters Rs 1 lakh crore club; Ecomm looks for AI edgeFresh off its stellar public market debut, Groww has entered the Rs 1 lakh crore club. This and more in today’s ETtech Top 5.
- PhysicsWallah sets price band for Rs 3,480 cr IPO, eyes Rs 28,073 cr valuationPhysicsWallah, a prominent Indian edtech firm, has announced its IPO with a price band of ₹103-109 per share, aiming for a valuation of ₹28...
- Students threatening teachers to falling ceiling fans: PhysicsWallah DRHP reveals 5 unique threats to its businessPhysicsWallah, an Indian ed-tech unicorn, is launching a Rs 3,820 crore IPO amidst industry scrutiny. While peers face struggles, PhysicsWa...
- Unacademy founders’ shift to AirLearn, Jain’s offline role are strategic: Gaurav Munjal to employeesMunjal sent an email to Unacademy’s employees to set to rest speculation of impending layoffs at the company. The Unacademy board had been ...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Westbridge Capital trims stake in SaaS firm Freshworks by 2%The India-focused investment fund now holds a 4% stake, worth $221 million, in Freshworks. In the September quarter, while Westbridge slash...
- Unacademy fires 250 employees in fresh round of layoffsUnacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are fr...
- 28,000 and counting: That’s the 2023 layoff data from startup landStartups have been the worst hit this year since the highs of aggressive hiring from 2021, data from Longhouse Consulting shared exclusivel...
- Banks wary of credit on UPI by fintechs; layoffs at edtech unicorn Physics WallahIndian fintechs are eyeing credit lines on UPI as their next big growth opportunity but banks want to put the brakes on the growth of unsec...
- Edtech startup Physics Wallah lays off 120 staffers after performance evaluationThe decision, undertaken after a mid-term appraisal analysis ended in October, is aimed at ensuring Physics Wallah’s primary focus on maint...
- Edtech startup PhysicsWallah to launch 26 Vidyapeeth offline centresCurrently, the Noida-based startup has 67 centres operational in 38 cities. The offline centres will offer a curriculum for engineering and...
- Indian edtech companies eye larger offline play in post-pandemic worldThe edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms o...
- 'Negative list' for data transfer in works; Flipkart’s reshuffle & Amazon layoffsThe government may come up with ‘negative list' of countries where cross-border data flow will be disallowed, the minister of state for ele...
- Physics Wallah to hire 2500 employees across verticals by March"The hiring spree is aligned with the brand's ambitious growth goals as it continues to provide top-of-the-line learning opportunities to s...
- YouTube offers LMS-Style 'Courses' to Creators. Details hereAlthough the instructional video has been available on YouTube for some time, this will allow artists to give viewers a more thorough, stru...
- Unacademy won't sack more workers to cut costs, CEO Gaurav Munjal clarifiesIn April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who worked with Unacademy on a contractual...
- 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.
- Edtech players go hybrid as online growth slowsCompanies including PhysicsWallah, Byju’s, Imarticus Learning, Cuemath, Vedantu and Unacademy are all in the process of either expanding or...
- Physics Wallah turns unicorn amid edtech carnage; Rupeek lays off 200Physics Wallah joined the unicorn club after raising $100 million from WestBridge and GSV amid edtech cargnage.
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