Three points you will get to know in this article: Byju’s, the leading Edtech company, is in the process of securing $200 million through a rights issue extended to all its equity shareholders. This strategic move coincides with the company’s ambitious goal of initiating a more substantial equity fundraising round. The intended rights issuance by TLPL is designed to bolster…
Three points you will get to know in this article: Subramanyam Reddy, the visionary behind Knowledgehut, an edtech company now under the upGrad umbrella, has gracefully stepped down from his role as founder and chief executive, marking the end of an impressive 13-year tenure with the organization. Sources reveal that Reddy tendered his resignation just last month and is presently…
Three points you will get to know in this article: In the fiscal year 2023, the EdTech giant PhysicsWallah demonstrated commendable profitability, witnessing a remarkable 3.4X surge in its total revenue, reaching Rs 798 crore, as disclosed by the financial data provided by the Noida-based company. Throughout the fiscal year concluding in March 2023, the firm experienced a substantial rise…
Three points you will get to know in this article: BYJU’S, the prominent edtech decacorn, responded on Wednesday (November 29) to show cause notices from the Enforcement Directorate (ED), describing them as ‘purely technical’ and expressing confidence in effectively addressing the issue. ED Queries and BYJU’S Compliance In an official statement, the company clarified that the ED’s inquiries mainly stem…
Three points you will get to know in this article: PhysicsWallah, the prominent Ed-Tech unicorn, recently underwent a restructuring phase resulting in the departure of approximately 70-120 team members. Although external reports attribute this to a cost-cutting initiative, the company asserts that these workforce adjustments were prompted by performance-related considerations. Satish Khengre, the Chief Human Resources Officer at PhysicsWallah, shed…
Three points you will get to know in this article: It appears that BYJU’S, the leading edtech company led by Byju Raveendran, is facing significant challenges and is considering the sale of Aakash Educational Services Limited, which is considered its most valuable asset. According to a report by ET, BYJU’S has engaged in discussions with private equity firms like Bain…
Three points you will get to know in this article: The evolution of the professional landscape necessitates a fresh approach to learning—one that engages, empowers, and kindles a flame of brilliance within each team member. In the present corporate realm, every organization aspires to cultivate a workforce fueled by genuine passion, armed with state-of-the-art skills, and steered by a profound…
Three points you will get to know in this article: According to persons familiar with the situation, Byju’s, India’s most valuable startup, is conducting a strategic evaluation of all assets acquired in the last few years in order to sell non-core subsidiaries and refocus its focus back to core, profitable industries. According to the sources referenced above, Byju’s plans to…
