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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 deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
- Earnings roundup: Infosys, Licious and GrowwIT major Infosys was hit by a small profit dip despite revenue growth in Q3. This and more in today's ETtech Top 5.
- 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.
- TCS CEO’s pay hike; L Catterton’s India fundIT major TCS paid Rs 26.5 crore in remuneration to CEO and MD K Krithivasan in FY25. This and more in today’s ETtech Top 5.
- 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 ...
- Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: sourcesThe Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. The edtech comp...
- Unacademy-Allen deal; Swiggy Q2 earningsHappy Wednesday! Unacademy and Allen Career Institute have been in talks to strike a deal but the terms are yet unclear. We have details of...
- New-age brands buzz on deal street; Unacademy founders’ voting rightsHappy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in today’s ETtech M...
- Unacademy launches gamified app for UPSC aspirantsThe new experiment at the Bengaluru-based startup comes at a time when the company is facing intense pressure to show profitability as Covi...
- Unacademy to be profitable at group level in April: CEO Gaurav MunjalWith a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runw...
- NCLAT upholds CCI’s Rs 1,338-crore fine on Google; GoMechanic gone in slump saleThe NCLAT bench has directed Google to carry out the competition regulator’s directions and deposit the fine within 30 days. The penalty of...
- Edtech firms in a tight spot; TCS’ Gopinathan says 2023 will bring ‘balance’Edtech firms are expected to move away from the K-12 business model in the coming year. They are also expected to focus on things like expa...
- Unacademy cuts another 350 jobs in second round of layoffsUnacademy CEO Gaurav Munjal said employees being laid off will receive severance pay equivalent of their notice period and an additional tw...
- Coursera India market may pip US, Europe: CEO Jeff MaggioncaldaCoursera is 'thinking long-term focus' on India's population of 850 million young people, CEO Jeff Maggioncalda told ET.
- Why billion dollar valuation is not a measure of successValue should be the main priority of startups and not valuation, say entrepreneurs. Reaching a valuation of $1 billion would make no sense ...
- 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
- Cameo, celebrity video shout-out app, says it will layoff 25% of employeesThe decision to reduce our headcount was a painful but necessary course correction” to “balance our costs with our cash reserves,” CEO and ...
- Freshworks IPO lives the American dreamFreshworks has become the first Indian software products company to list on Nasdaq, raising more than $1.03 billion from investors through ...
- Startups play Santa early for employees with a flurry of Esop buybacksEmployees — in some cases hit by pay cuts — got cash, and employers, a happy workplace as well as a retention tool in a job market that’s j...
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