Edtech
Air India Disinvestment Munjal says funding winter can last up to 18 months
In a letter to employees, Unacademy's co-founder and CEO Gaurav Munjal said that "we must learn to work under constraints and focus on profitability at all costs"
 "Air India Disinvestment Munjal says funding winter can last up to 18 months")
Funding may dry up for next 12-18 months: Unacademy CEO tells employees
Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees
 "Funding may dry up for next 12-18 months: Unacademy CEO tells employees")
Edtech major Byju's tells investors it will file 2022 earnings by Sept
Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022
Vedantu lays off 424 employees as it expects a scarcity of capital
Citing headwinds, CEO Vamsi Krishna says capital will be scarce in upcoming quarters
 "Vedantu lays off 424 employees as it expects a scarcity of capital")
Vedantu lays off another 424 employees, blames 'scarce capital'
The decision comes just days after Vedantu had announced that it had let go of another 200 people.
 "Vedantu lays off another 424 employees, blames 'scarce capital'")
Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth
Several players such as Byju's, upGrad, and Lido to almost double headcount by end of the year
 "Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth")
Edtech leads investments in education sector; $1.1 bn poured in 2020
With Covid-19 changing how education is imparted, education sector received the highest-ever annual investment in this year
 "Edtech leads investments in education sector; $1.1 bn poured in 2020")
How pandemic has brought changes in edtech sector
The Covid-19 crisis has been a major catalyst in enhancing the learning process not just for students and educators, but for investors as well
 "How pandemic has brought changes in edtech sector")
Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund
Byju's is estimated to have raised about $2.3 billion in funding so far with valuation touching $16.5 billion.
 "Byju's raises over Rs 363 cr in funding from Maitri Edtech, IIFL's PE fund")
Byju's raises $200 mn in fresh funding; valuation surges to $12 bn
BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising
 "Byju's raises $200 mn in fresh funding; valuation surges to $12 bn")
Edtech major Byju's introduces period leaves for staff, trainees
This new policy is a significant step in prioritising employees' happiness, work-life integration, flexibility, and workplace sensitivity, a statement said.
Most valued edtech firm Byju's starts two-teacher model to improve learning
Under this model, one teacher uses strong visuals and storytelling to explain topics in-depth, the other solves instant doubts, pays individual attention and makes sessions more engaging
 "Most valued edtech firm Byju's starts two-teacher model to improve learning")
India's leading edtech firms announce formation of self-regulatory body
The India EdTech Consortium (IEC) under the aegis of IAMAI, will ensure that every learner shall have access to quality and affordable education
 "India's leading edtech firms announce formation of self-regulatory body")
The new child language: Coding fever grips India with pent-up demand
Byju's-acquired WhiteHat Jr, Vedantu, Toppr are among edtech start-ups leading the charge
 "The new child language: Coding fever grips India with pent-up demand")
How Byju's learnt its way into 'Deccacon' club through the pandemic
Byju Raveendran leveraged the lockdown and related restrictions to strengthen and expand his edtech company into the 'Deccacon' club
 "How Byju's learnt its way into 'Deccacon' club through the pandemic")
Byju's set to acquire edtech rival Toppr for $150 million: Report
Toppr provides online learning materials to students in grades 5 through 12 and its backers include SAIF Partners and Helion Ventures
Byju's in talks to raise up to $700 mn, valuation may cross $15 bn
The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources
Byju's in talks to acquire US-based reading platform Epic: Report
Deal could help acquirer deepen US footprint. Epic's platform has 40,000 popular, high-quality books from 250-plus publishers. It aims to fuel curiosity and reading confidence in kids 12 and under
Byju's acquires Aakash Educational Services for $1 billion over Zoom call
With over 215 centres and a student count of more than 250,000, Aakash provides test preparatory services to students preparing for a host of competitive exams
 "Byju's acquires Aakash Educational Services for $1 billion over Zoom call")
Indian edtech giant Byju's expands globally, launches Future School
Byju's Future School will be available in the US, UK, Australia, Brazil, Indonesia and Mexico in May and will progressively expand to more geographies in the near future
