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UDAYY FUNDING
Haircare company Ionic Professional raise funding from All In Capital among other investorsIonic Professional, a haircare company focused on Indian hair types, has secured Rs 6.5 crore in pre-seed funding led by All In Capital. Th...- Startups and their new normal: Funding crunch, disgruntled employees and allegations of fraudWith the global liquidity situation changing, institutional investors were no longer interested in waiting patiently for startups to go hyb...
- Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...
- 2022 Year in Review | As the pandemic bubble bursts, edtechs back in classEdtechs are expected to move away from the K-12 business model in the coming year. They are also expected to focus on priorities such as a ...
- 2022 Year in Review: Fund-starved startups sacked nearly 18,000 employeesEdtech companies accounted for a staggering 44% of the total layoffs. In total, 52 startups fired 17,989 employees spread across edtech, co...
- 2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
- 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...
- 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...
- Another crypto firm freezes withdrawals; Byju’s says Aakash payments doneThe Singapore-based crypto platform Vauld said earlier today it has frozen withdrawals and trading
- Byju’s WhiteHat Jr may see rebranding, fires another 300 in TopprAs per current discussions, Byju’s may add its name to WhiteHat Jr as a suffix, but there is also a consideration to rename it fully under ...
- 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...
- Online learning platform Physics Wallah enters unicorn club with $100 million fundingWestBridge Capital and GSV Ventures lead the funding round valuing the edtech startup at $1.1 billion
- 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.
- Automatic for the people: robots in the workplaceThe move comes amid a liquidity squeeze following the Reserve Bank of India’s (RBI) decision to hike interest rates, even as startups are s...
- 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, ...
- Meesho looks to cut costs, extend runway; Udayy sacks workers and shuts downMeesho, for one, is taking their advice and shifting gears amid the downturn. But it’s too late for edtech startup Udayy, which has laid of...
- 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 ...
- ETtech Bytes on 18 Jan. 2021: Top 5 Tech News Today, in 10 MinutesFrom Delhi High Court quashing a petition against WhatsApp privacy policy changes to the app’s homegrown rival Hike Messenger shutting down...
- Edtech startup Udayy raises $2.5 million in seed funding roundUdayy will use the fresh funding to fuel its next phase of its growth, which will include curriculum development, product suite expansion, ...
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