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VEDANTU ACQUISITIONS
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...- Edtech firm Vedantu cuts 385 jobs in fourth round of layoffs this yearThe company had previously laid off 100-full time employees from its sales team in July and another 624 full-time and contractual employees...
- 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.
- Vedantu acquires test prep platform Deeksha for $40 millionThe acquisition will give Vedantu access to almost 40 offline centres across Telangana, Andhra Pradesh and Karnataka, and to Deeksha’s 13,0...
- 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...
- 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...
- Byju's cuts 600 jobs across Toppr and WhiteHat Jr as Indian edtech space shrinksByju's subsidiaries laid off 600 employees as Indian edtech space reels under global macroeconomic headwinds.
- 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 unicorn Vedantu slashes course costs as offline learning returnsVedantu's latest offering, Ai Live classes, offers an interactive platform backed by technology at Rs 5,000 annually. It leverages artifici...
- Higher education, lifelong learning to drive edtech market growth, says Redseer reportThe online education market, which includes K12, higher education and lifelong learning or upskilling in India is presently worth around $1...
- 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 joins unicorn club; Tata’s super app gets a nameVedantu, an edtech platform, has become the 28th Indian startup unicorn of 2021, a year that has seen unprecedented funding pour into the c...
- Ed-tech companies to go on hiring spreeMost hiring for these startups will be in sales, marketing, content, design and technical domains.
- Edtech startup Vedantu acquires majority stake in PedagogyEdtech startup Vedantu intends to make Pedagogy’s product accessible to its more than 30 million students at an affordable price.
- ETtech Deals Digest: Innovaccer, Infra.Market become unicorns, Zomato’s funding spreeThe week through 26 February was one of large funding deals, with Tiger Global emerging as a common thread among three of them.
- 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'...
- Vedantu strengthens leadership marketing teamThe two senior executives will be based out of Bengaluru.
- upGrad buys The Gate Academy, to invest Rs 100 crore in test preparation businessBengaluru-based The Gate Academy has over 57 coaching centres and nearly 200,000 learners preparing for the GATE and other entrance tests f...
- Byju's, Unacademy go on advertising spree amid closuresEdtech firms Byju’s, Vedantu, Unacademy, Toppr, Testbook, UpGrad and a few other players are offering free access to their platforms, conte...
- Vedantu scores $24m from GGV Capital, othersThe investment is an extension of its Series-C round that saw Tiger Global leading a $42 million infusion into the Bengaluru-based firm in ...
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