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UNACADEMY AND VEDANTU
Allen Career Institute appoints former Meta executive Abha Maheshwari as CEO of edtech bizHaving entered the edtech sector in June last year, Allen wants to provide digital learning modules and crash courses for IIT Joint Entranc...- Amid layoffs, clutch of edtech firms roll out hikes and ESOPSEdtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS, among others, are looking to reward employees through increments. Othe...
- Unacademy monthly burn down to $7 million from $20 million: CEO Gaurav MunjalTaking to Twitter on Friday (November 4), Munjal said, "Winter will get worse. Get to profitability asap. And then grow from there. Stop al...
- Vedantu lays off another 100 employees after sacking 624 in MayInterestingly, cofounder and chief executive Vamsi Krishna had said in a memo to employees on May 18 that the previous retrenchment exercis...
- 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...
- Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
- Over 50K startup employees stare at job loss as India prepares for 200 unicornsNearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacade...
- Vedantu launches first hybrid learning centre as edtechs shed pandemic-induced growthVedantu’s offline learning foray is largely focused on test preparation segment as it looks to bolster its presence in the segment.
- Vedantu’s consolidated net loss widens to Rs 604.28 crore in FY21The Tiger Global-backed startup’s employee benefit expenses increased by 4.6 times to Rs 407.4 crore in FY21 against Rs 88.3 crore in FY20,...
- Offline centres aren't a sign of edtech's failure, says Unacademy CEO Gaurav MunjalSeveral edtech firms have set up offline centres in the past few months as traditional schools have reopened. Unacademy last week announced...
- 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...
- Is it the end of joyful days for Indian edtech?As this bubble bursts, we can expect a lot more pain before things stabilise. But there are a few lessons already emerging for stakeholders.
- Cars24 fires 600 employees across departmentsCars24, backed by Japan’s SoftBank and Alpha Wave Global, has joined a growing list of startups such as Unacademy, Vedantu, and Meesho that...
- 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 ...
- Edtech's post-Covid offline push continues with Unacademy CentresBengaluru-based Unacademy said its first offline centre will be operational in Kota by next month, followed by centres in Jaipur, Bengaluru...
- Edtech unicorn Vedantu lays off 200 employeesAbout 120 of these employees were on contract while 80 were full-time employees, Vedantu told ET. Almost all were from the company’s academ...
- Vedantu turns unicorn after $100-million fundingVedantu has raised $100 million in a new funding round led by Temasek-backed ABC World Asia, catapulting it into the unicorn club. more inv...
- Vedantu acquires doubt-solving platform Instasolv as edtech churn continuesThe deal adds close to one million potential active learners of Instasolv to Vedantu’s platform. Instasolv, in turn, will leverage Vedantu'...
- Situations Vacant: 12,000 jobs on offer in edtechThere are currently around 12,000 active openings for permanent job roles across levels at leading edtech companies, according to an estima...
- Edtech firms see money in live streaming classesExperts say increased adoption of live video learning is a direct impact of falling mobile data costs.
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