Vedantu sacks 385 employees as tech layoffs continue
On Wednesday, the Tiger Global-backed edtech unicorn sacked as many as 385 employees or 11.6% of its workforce across human resources, learning and content segments.
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Amid edtech layoffs, upGrad to hire 1,400 employees
The development comes days after upGrad reported that its losses have widened threefold to ₹626.6 crore in the financial year ended March 2022, as against ₹211.1 crore in the same period last year.
BYJU’s revokes decision to shut Thiruvananthapuram office as state govt intervenes
The development comes a week after Byju’s employees met labour minister of Kerala V Sivankutty, urging him to intervene over the alleged mass termination of as many as 140 employees at Technopark.
Can $4 billion edtech funding boom sustain beyond Byjus’s, Unacademy, Eruditus & upGrad?
Investors bet on emerging edtech platforms offering niche services as $4 billion funding so far in 2021 surpasses last year’s total of $2.21 billion.
Teachmint raises $78 million in fresh funding
Investment values 16-month old start-up at $500 million; total fund tally touches $118 million.
Vedantu turns unicorn amidst edtech battle in India
The Bengaluru-based online learning platform is the fifth edtech company in the country to attain unicorn status. Last month, edtech ventures: upGrad and Eruditus also joined the coveted club.
VIDEO - Organic growth not enough: Byju
This year so far, Byju Raveendran has spent over $2 billion across four key acquisitions—intending to also accelerate the edtech major’s growth in the U.S. and other markets.
What's behind Byju's ambition?
What distinguishes Byju Raveendran—the founder of India’s largest edtech unicorn—BYJU’S from other entrepreneurs is the scale and ambition of the edtech firm.
VIDEO - Entrepreneur by chance: Byju Raveendran
India’s fifth-richest tech billionaire Byju Raveendran narrates his life story in just one sentence.
Edtech juggernaut: 2 unicorns, $3.8 bn fund raise
Between January and August 2021, the country’s edtech space has attracted almost 4x more funding than last year while adding 2 new unicorns.
