Edtech

Byju's EGM Gets Underway; Raveendran Byju Skips, Investors File Suit In NCLT

23/02/2024

Ahead of the EGM, a group of four investors of Byju's filed an oppression and mismanagement suit against the management of the company in the Bengaluru bench of the NCLT

Edu-Fintech LEO1 Launches Numberless Prepaid Student ID Card with Mastercard and NSDL

13/02/2024

The card is powered by Mastercard to ensure a safe and secure payment experience for students and educational institutes. 

Focus On Innovation, Skill Development: What Interim Budget 2024 Means For the Edtech Sector

02/02/2024

While the interim budget 2024 just indicated what might come in the full budget in July, some major announcements on education and innovation have been received well by the edtech sector

Is There Any Value Left At The End Of Tunnel For Byju’s? 

02/02/2024

After major investors Blackrock and Prosus cut the valuation of the edtech firm to $1 billion and $3 billion, respectively, the latest rights issue pegs the pre-money valuation at a meagre $25 million, slumping more than 99% from its peak valuation of $22...

Byju’s American Unit Files For Bankruptcy In Delaware

02/02/2024

According to court filings, Byju's Alpha Inc has total assets between $500 million and $1 billion, with listed liabilities ranging from $1 billion to $10 billion

PW Partners Karnataka Minority Welfare Dept To Help Students For Competitive Exams

01/02/2024

Under the collaboration, Physics Wallah (PW) will conduct online classes in 84 schools across the state equipped with smart classroom facilities and customised batches

What Is On India’s Edtech Wishlist This Budget?

29/01/2024

Industry stakeholders are pinning their hopes at various fiscal policies that can strengthen the sector, including a reduction in the GST tax slab

Ex-CEO Of FIITJEE eSchool And Ex-Business Head Of upGrad Joins Infinity Learn

18/01/2024

Edtech Infinity Learn by Sri Chaitanya delivers outcome-based learning, serving a community of over 7 million registered users

Gen AI-Led Upskilling Platform Growthschool Targets $1 Million Monthly Run Rate By FY 2024

17/01/2024

The edtech platform has achieved 400% YoY revenue growth and aims to upskill 2.5 million people in 2024

BlackRock Cuts Byju's Valuation To $1 Billion, A 95% Decline from Previous $22 Billion: Report

12/01/2024

In October 2023, BlackRock valued Byju's shares at approximately $209.6 each, marking a substantial decline from the peak of $4,660 in 2022