EdTech
- Business
Hyderabad based edtech firm secures USD 16.5 million funding
Hyderabad: Hyderabad-based math edtech startup Bhanzu, founded by the world’s fastest human calculator Neelakantha Bhanu, raised investments of USD 16.5 million in its series B funding. The edtech firm focuses on improving…
- India
Indian edtech sector sees 96 pc growth in funding, long-term outlook strong
New Delhi: The Indian edtech sector witnessed $164 million in funding in the January-June period this year, a 96 per cent increase compared to the $81.9 million raised in the same period…
- Business
Once valued at USD 22 billion, Byju’s is now worth ‘zero’
New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm…
- Business
Started new batches at 240 tuition centres, says embattled edtech firm Byju’s
New Delhi: Embattled edtech company Byju’s said on Tuesday that it has started batches for the 2024-25 academic session at 240 out of its 296 tuition centres, as it struggles to pay…
- Business
NCLT refuses to defer Byju’s EGM to raise capital via rights issue
New Delhi: In a breather for embattled edtech company Byju’s, the National Company Law Tribunal (NCLT) on Thursday refused to stay the extraordinary general meeting (EGM) called by the board of directors…
- Business
Edtech startup MyCaptain raises funds for strategic growth
New Delhi: Edtech startup MyCaptain on Thursday said that the company raised a funding of Rs 14 crore from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital. Securing funds…
- Business
Didn’t siphon off funds, $533 mn with our 100 pc non-US subsidiary: Byju’s
New Delhi: Embattled edtech company Byju’s on Tuesday said that no funds have been siphoned off and around $533 million are currently in a 100 per cent non-US subsidiary of the company.…
- Business
Byju’s rights issue to raise $200 mn fully subscribed
New Delhi: Edtech firm Byju’s rights issue to raise $200 million at a 99 per cent valuation cut has been fully subscribed. In a shareholders’ letter accessed by IANS, founder and CEO…
- Business
Edtech unicorn PhysicsWallah’s profit nosedives 91% to Rs 9 cr in FY23
New Delhi: Edtech unicorn PhysicsWallah (PW) registered a massive 91 per cent plunge in its profit in the fiscal year that ended March 31, 2023. The Alakh Pandey-led company saw its net…
- Business
Edtech firm Adda247 posts 4X surge in losses in FY23, revenue up over 88%
New Delhi: Google-backed edtech platform Adda247 has posted a four times surge in its losses to Rs 110 crore in FY23 as compared to Rs 28 crore in FY22. Adda247’s revenue from…
- Business
Unacademy’s losses down 40% in FY23, revenue grows 26%
New Delhi: Edtech company Unacademy’s losses decreased by about 40 per cent in FY23, as its revenue grew at 26 per cent in the fiscal year ending March 2023. To reduce losses,…
- Technology
Unacademy appoints new Chief People Officer amid top-level exits
Bengaluru: Edtech platform Unacademy on Wednesday announced the appointment of Sandhydeep Purri as the Chief People Officer, as high-profile exits at Gaurav Munjal-run edtech company Unacademy continued. With over 25 years of…
- Business
Edtech platform Cuemath’s losses up, sales dips over 18%
New Delhi: Google-backed edtech platform Cuemath’s losses went up by 8.3 per cent to reach Rs 235 crore in FY23, from Rs 217 crore in FY22. The startup’s revenue from operations nosedived…
- Technology
Oracle to modernise India’s edtech platform ‘DIKSHA’
New Delhi: Cloud major Oracle on Wednesday announced that the Ministry of Education has selected “Oracle Cloud Infrastructure” (OCI) to modernise India’s national education technology platform “Digital Infrastructure for Knowledge Sharing” (DIKSHA).…
- Business
GST officials search UpGrad offices, edtech unicorn says ‘routine survey’
New Delhi: Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement…
