edtech
Byju’s founder Byju Raveendran says company is now “worth zero”
Byju’s had once been a beacon of success in the Indian ed-tech sector, soaring to great heights during the days of the pandemic and the subsequent shift to…
Byju’s lays off another 500, mostly in sales: Report
Byju’s, which continues to grapple with a multitude of challenges – financial constraints, legal battles with investors, and a workforce burdened by stress and uncertainty, has gone ahead…
US judge orders edtech major Byju’s to freeze $533Mn
Byju’s is set to face heat from the US, wherein its pending financial troubles with US lenders continue to boil. And a recent US court decision has only…
Byju Raveendran proposes formation of committee to provide strategic guidance in EGM
Byju Raveendran, founder of troubled edtech major Byju’s, in a recently held extraordinary general meeting (EGM) on July 4, addressed some of the most pressing concerns at the…
Byju’s Byju Raveendran addresses crisis at employee townhall, assures strong comeback
Edtech major Byju’s is not having the best of times right now, and Byju Raveendran is now seeking to portray a strong image during its tough times, at…
Byju’s tries to assure investors as it commits to file 2022 earnings by September: Report
Last week, edtech decacorn Byju’s lost both it’s auditor – Deloitte – and three of its board members in one fell swoop owing to financial issues. Now, even…
Deloitte resigns as Byju’s auditor, three board members quit
Byju’s governance troubles have taken a turn for the worse. Media reports have now stated, that Deloitte has quit as the auditor of Byju’s, while three board members…
Fresh round of layoffs come to Byju’s, set to impact over 1000 employees
Edtech major Byju’s continues to downsize its workforce – according to media reports, it is eliminating more than 1000 jobs at the firm, including multiple non-sales roles. The…
Byju’s valuation gets a 62% mark down from Blackrock, now valued at $8.4Bn
In a sign of the intensifying funding winter and challenging macroeconomic conditions, edtech major Byju’s got its valuation marked down by yet another investor, by a massive 62%…
Byju’s Alpha sued, faces accusations of hiding $500Mn in funds, Byju’s denies
In a dramatic turn of events, Byju’s Alpha has found itself embroiled in a contentious legal battle with lenders. Accusations of financial impropriety have come to light, as…
Unacademy slashes workforce by 12% in fresh layoffs
Online learning platform, which has been struggling off late on the business side of things, is reflecting that even more in its latest attempts to cut costs. The…
YouTube doubles down on edtech with the launch of “Courses“, debuts in India, the US and South Korea
Calling itself already the largest education platform globally, Youtube is taking on edtech giants like Byju’s and Unacademy and amping up the competition with the launch of ‘Courses’.…
Indian edtech unicorn Unacademy lays off 10% of its employees, 2nd such instance within this year
With schools, colleges, and universities resuming offline classes and welcoming students back after two years, the edtech sector witnessed its pandemic-fuelled growth get curtailed for the greater half…
Byju’s to lay off 2500 more over next six months as it struggles to profitability
Amidst trickling of funding, falling stocks, and cooling investor interest, the purse strings of several startups and companies have tightened. And with business models lacking resilience, they have…
After an 18-month delay, Byju’s discloses audited financials, misses own projections
The delay in submitting its audited financial report for the financial year ended March 2021, by nearly 18 months, subjected edtech giant Byju’s to a lot of scrutiny…
Cash-strapped edtech player Lido Learning files for bankruptcy
Months after it ceased operations and asked all of its employees to resign, edtech player Lido Learning, which was in talks to get acquired by Reliance Industries, has…
Lawmaker Karti P. Chidambaram asks Indian fraud regulator to investigate edtech decacorn Byju’s finances
Karti P. Chidambaram, an Indian Lawmaker who is a Member of Parliament, has asked India’s fraud regulator, Serious Fraud Investigation Office (SFIO), to investigate the finances of edtech…
Unacademy to shut down global test prep arm, management to take paycuts
Edtech unicorn Unacademy will be winding up the books for its global test preparation arm for the United States Medical Licensing Exam (USMLE). Launched earlier this year, the…
Mass layoffs at $22Bn-valued Byju’s, pushes back payments for $1 Bn Aakash acquisition: Report
Byju Raveendran’s Byju’s, India’s highest valued startup and torchbearer of the Indian edtech space, has parted ways with over 2000 employees across a couple of its acquired entities…
upGrad’s valuation doubles as it picks up $225Mn in latest fundraise
The pandemic was instrumental in ensuring that online education rose to prominence and the edtech sector grew by leaps and bounds. Consequently, edtech startups expanded and gobbled up…
Edtech Physics Wallah raises $100 Mn in its first fundraise, turns unicorn
Physics Wallah, an edtech platform targeting high school and above with a blended learning model, has raised $100 Mn in its first ever funding round. The round was…
