Startup funding declines 35% YoY to $24.7 bn in 2022
The number of funding rounds has dropped by 30% to 1,841 so far this year from 2,647 seen in the Jan-Nov period last year, according to a report by Tracxn
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Amazon shuts online learning platform in India
Amazon Academy will discontinue operations starting August 2023; to wind down in a phased manner to take care of current customers.
Edtech had a great fall! Can they put it together again?
Light At the End Of The Tunnel: Why the K-12 edtech boat is rockier than higher-ed
Discourse has shifted from TAM to profitability: upGrad
Firms will have to expand their footprint in non-metros, which present a huge opportunity, and will need to devise affordable product pricing, says Mayank Kumar, co-founder & MD at upGrad
Unacademy top brass to take salary cut; no free meals for staff
The edtech startup, which has more than ₹2,800 crore in the bank, says it is not efficient at all.
‘Optimising teams’: Byju’s on Toppr, WhiteHat Jr layoffs
Byju's says it has integrated Toppr and absorbed 80% of workforce; it’s now optimising teams to recalibrate business priorities
Udaan fires 180 employees; 4% of its workforce
Udaan says various steps have been taken to enhance efficiency, refine cost structure and grow faster but it also resulted in certain redundancies
CARS24 lays off 600 employees; calls it ‘business as usual’
A CARS24 spokesperson says contrary to the reports, the layoffs are based on performance-based criteria.
Unacademy lays off 600 employees, about 10% of workforce
Unacademy says those who have been fired include a small subset of employees, contractors, and educators whose roles were re-evaluated due to "role redundancy and performance".
After Byju's, Unacademy goes hybrid with stores; eyes IPO in 18 months
Currently valued at $3.44 billion, Unacademy expects its core test-prep business to turn profitable in the next 12 months.
