Business News
Why is India’s Preschool EdTech Market Promising Yet Challenging
Growing parental demand meets investor caution as early-age edtech ventures navigate funding gaps, screen-time concerns, and scalability hurdles
edtech
Business News
Quizizz: Transforming Classroom Learning from India for the World through AI
The US-based edtech startup has so far raised a total of US$64 million in series-A and -B funding from investors such as Tiger Global, Yahoo co-founder Jerry Yang, Eight Roads Ventures, GSV Ventures, Prime Ventures, and Nexus
Business News
How Edtech Innovations Improving Special Education?
The primary advantage of Edtech innovations in special education is in the capacity to personalised learning experience using tools such as speech to text, learning applications and other learning platforms.
Business News
3 Ways Parents and Educators Can Guide Children’s Responsible Use of GenAI
Artificial Intelligence in the global education market stood at USD 3.5 billion in 2023 and is expected to touch USD 55.3 billion by 2032 according to IMARC Group. However, one of the biggest drawbacks of using AI/Generative AI in education is the inaccurate or unreliable outputs based on the data fed to the systems
Business News
Edtech Platforms Capitalising On CUET Coaching Market
Be it major Edtech companies, UPSC coaching centres, or neighbourhood tuition academies, everyone is testing the CUET waters to see what opportunities it holds for them.
Business News
A Visionary Pedagogue: Ujjwal Singh
Infinity Learn caters to learners from almost 4,000 cities in India, both through paid and free content offerings.
Business News
EdTech Crisis: Rise And Downfall of Byju’s
The downfall for the company started when it failed to release results for FY2022 and later they were released after 18 months. The company is yet to declare its FY2023 results.
Business News
Conversational AI for EdTech: Revolutionizing Learning and Engagement
Conversational AI encompasses chatbots, virtual assistants, and interactive learning platforms, holds the potential to revolutionize learning and engagement.
By Beerud Sheth
Business News
GradRight Raises INR 50 Crore In Series A Funding
As a B2C-SaaS ed-fintech ecosystem, GradRight brings together prospective students, universities, and lenders on a single platform
By Teena Jose
Business News
Byju’s Lenders Miss August 3 Timeline To Rework $1.2 Billion Loan Terms: Report
The timeline for reaching an amendment was formally announced on July 24 by a steering committee of ad hoc term loan lenders who collectively own more than 85% of Byju's $1.2 billion term loan
By Teena Jose
Business News
Byju’s Vacates Bangalore Office Space To Cut Cost: Report
Reportedly, the move is expected to save the company at least INR 3 crore in monthly rent
By Teena Jose
Business News
Byju’s Begins Layoffs To Impact 1000 More Employees
The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for a $1.2 billion term loan B
By Teena Jose
Business News
Edtech Platform Adda247 Acquires Veeksha For an Undisclosed Amount
With this acquisition, Adda247 will offer interactive learning modules to their students to enable in depth understanding of concepts through better visualizations
By Teena Jose
Business News
Physics Wallah Partners With Xylem Learning To Consolidate South Indian Market
The collaboration aims to provide students in South India with unparalleled learning experience
By Teena Jose
Business News
Raising Superstars Secures $2 Million In Pre-Series A Funding
The company plans to use the funds to broaden its management team, increase its global presence by localising content, and invest in its technology
By Teena Jose
Business News
Byju’s Announces Plans For Aakash Education IPO In Mid-2024
According to an official statement released by the company, Byju's board has officially approved the IPO and it is expected to announce the appointment of merchant bankers for the IPO shortly
By Teena Jose
Business News
Bollywood Actor Suniel Shetty Invests In Klassroom Edutech
Suniel Shetty's direct engagement is projected to boost the startup's social initiatives aimed at bridging the education gap for underprivileged students in India
By Teena Jose
Business News
Byju’s Creditors Call Off Talks To Restructure $1.2 Billion Loan: Report
Lenders can now sell the term loan B (TLB) securities of the firm as the restraint that came as part of the negotiations is lifted, as per the report
By Teena Jose
Business News
Byju’s Faces Lawsuit In US; Edtech Major Clarifies Payments Made Fully Compliant With Credit Agreement
The lawsuit has been filed as Glas Trust Company vs Riju Ravindran, 2023-0488, Delaware Chancery Court (Wilmington)
By Teena Jose
Business News
EduFund Raises $3.5 Million In Pre-Series A Funding
The fund raised will be utilized to accelerate the growth, create new solutions and invest in technology
By Teena Jose
Business News
BrightCHAMPS Acquires Metamorphosis Edu To Facilitate NEP Compliance For Schools
The partnerships will entail the setting up of BrightCHAMPS Next-Gen Labs within schools and training its teachers in curriculum by industry experts and vetted by an independent, self-regulatory board called the BrightCHAMPS Global Curriculum Advisory Board
By Teena Jose
Business News
Unacademy To Lay Off 12% Workforce, Says CEO
As per reports, this is the fourth round of layoffs, as the unicorn in November fired 350 employees or 10% of its employees
By Teena Jose
Business News
TiE Delhi-NCR And FIITJEE Announce Launch Of FIITJEE Edtech Grant Challenge
FIITJEE with this initiative is looking to offer equity free grants of INR 25 Lakh each to 3 most promising bootstrapped, disruptive startups in edtech
By Teena Jose
Business News
Established Banks And Marquee Investors Back LEAD With INR 160 Crore
The new round of fundraising will help finance the company's organic and inorganic growth ambitions
By Teena Jose
Business News
Varthana Raises $7 Million From MicroVest
The funds will lend greater heft to Varthana's aim of supporting and transforming affordable education in rural India and providing loans to affordable private schools
By Teena Jose
Business News
CollegeDekho Raises $9 Million Led by Winter Capital Partners
The company's revenues reached nearly 100 crore in FY 21-22 and is on track to double it in the coming financial year while also turning EBITDA positive
Business News
Amazon To Shut Down Its Online Learning Platform In India
The reports stated that, the winding down comes at a time when multiple edtech firms are reeling under the pressure of schools and coaching centres reopening across India after Covid-19-induced lockdowns
By Teena Jose