Unacademy has laid off 12% of its workforce, or over 350 roles, in its latest round of layoffs — just over four months after cutting about 350 roles in November. Unacademy co-founder and CEO Gaurav Munjal announced the new layoff decision in a Slack post to employees. “We have taken every...
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Indian edtech giant Byju’s said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when weakening global market conditions have sparked several consolidation plays in the industry. Indian...
Indian edtech giant Byju’s said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when weakening global market conditions have sparked several consolidation plays in the industry. Indian...
Amazon will be shutting down Amazon Academy, an online learning platform it launched in India for high-school students last year, the company said Thursday. The retailer says it will wind down the edtech service in the country in a phased manner starting August 2023. Those who signed up for the...
Unacademy has eliminated 10% of its workforce, or about 350 roles, in its second round of layoff this year as the Indian edtech warns of harsh economic conditions. In an email to employees on Monday, Unacademy co-founder and chief executive Gaurav Munjal said the startup is cutting jobs across...
Unacademy, one of the high-profile Indian startups, has urged its employees to learn how to work under constraint and focus on reaching profitability as the SoftBank and Tiger Global-backed online learning platform predicts a dry funding spell across the industry for as long as 18 months. The...
Scaler, an edtech startup that offers upskilling courses to working professionals in India, has raised $55 million in a new financing round as it looks to expand to international markets including the U.S., the Bengaluru-headquartered firm said Tuesday. The Series B funding – led by Lightrock...
Scaler, an edtech startup that offers upskilling courses to working professionals in India, has raised $55 million in a new financing round as it looks to expand to international markets including the U.S., the Bengaluru-headquartered firm said Tuesday. The Series B funding – led by Lightrock...
Blume Ventures said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity intensifies in the world’s second largest internet market. The 11-year-old firm, one of the largest Indian venture...
Indian edtech giant Byju’s, which raised about a billion dollars last year as the pandemic accelerated growth of online learning services in India, is about to kickoff its fundraising spree for this year. Byju’s is in talks to raise over $600 million in a new financing round that would value...
Doubtnut, an Indian startup that helps students learn and master concepts from math and science using short videos, has raised $31 million in a new financing round, months after it rejected an acquisition offer from India’s largest edtech firm Byju’s. The three-year-old Gurgaon-headquartered...
We may finally have an answer to why Byju’s, the world’s most valuable edtech startup, spent the last year raising hundreds of millions of dollars. Bloomberg reports that the Bangalore-based startup has agreed to buy Aakash Educational Services, which owns and operates more than 200 physical...