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TEST PREP STARTUPS
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.
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- 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, 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...
- After failed acquisition talks with Upgrad, Unacademy pivots back to online test prepIn an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash burn in its test prep business in ca...
- UpGrad pulls out of talks to acquire Unacademy over valuation differencesThe discussions stalled due to differing valuation expectations between the two sides. “The deal talks were officially called off today. Th...
- Unacademy cofounder Sumit Jain appointed chief executive of the test-prep businessJain joined Unacademy after he sold his startup Opentalk to the edtech company. He had also founded real estate listing portal Commonfloor ...
- PhysicsWallah files updated papers for Rs 3,820 crore IPO, Alakh Pandey, Prateek Maheshwari to pare stakePhysicsWallah (PW) has filed its updated draft red herring prospectus (UDRHP) with Sebi, aiming to raise Rs 3,820 crore through a mix of fr...
- SC verdict on NEET exam: students feel let downThe NEET-UG is the sole entrance exam for admission to undergraduate medical programmes in all medical institutions in the country, held an...
- Physics Wallah to acquire 50% stake in Xylem for Rs 500 crore over three yearsThe deal involves the purchase of fresh shares and a part of the stake held by Xylem’s existing investors in cash and stock. A portion of t...
- Byju’s weighs IPO of its test prep subsidiary Aakash by mid-2024The announcement on the IPO for Aakash, which Byju’s acquired in 2021 for $950 million, has come amid the company reportedly facing a $40 m...
- Test prep platform Toprankers raises $4 million in funding led by Sixth SenseToprankers will use the funds to introduce new categories in the test prep segment such as study abroad programmes, tutoring courses, caree...
- Byju’s spends $2 billion for acquisitions over six months, adds Great Learning, Toppr to listByju’s still has cash of $1 billion after financing these acquisitions and that capital will be used as investment to scale these new platf...
- Mumbai court restrains Unacademy parent from using PrepLadder appThe order came on a petition by Medical Joyworks, a Sri Lankan startup which said that PrepLadder had been systematically replicating, alte...
- Edtech startup FlashPrep gets pre-seed funding from Venture Highway, othersFounded in October 2020 by Dhiresh Nagwani and Ashwini Dhekane, FlashPrep is a mobile-based platform that offers school curriculum-related ...
- Unacademy buys PrepLadder for $50m in cash & stock dealThe entire 250-member team of the postgraduate medical entrance exam preparation platform will join the Unacademy Group, including founders...
- Online test preparation startup Toppr buys Jodhpur's EasyPrepThe announcement comes after rival Embibe acquired 100Marks, a student guidance platforms for engg entrance exams in a cash plus stock deal...
- On top: How Toppr.com is changing the world of exam preparation"Toppr emerged as one of the stronger companies based on our research, the quality of the product and the pedigree of the team," says Chowd...
- Investors back test preparation site EmbibeFounded by Aditi Avasthi, 32, Embibe began operations in 2012 with the backing of Sandeep Murthy.
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