Hyderabad based edtech firm secures USD 16.5 million funding

Hyderabad based edtech firm secures USD 16.5 million funding

Hyderabad: Hyderabad-based math edtech startup Bhanzu, founded by the world’s fastest human calculator Neelakantha Bhanu, raised investments of USD 16.5 million in its series B funding. The edtech firm focuses on improving the mathematical skills among learners. The company aims to reach 100 million mathematics students in the next five years, using the new investment, … Read more

EdTech firms moves SC against grace marks given to NEET-UG 2024 candidates | Education News

EdTech firms moves SC against grace marks given to NEET-UG 2024 candidates | Education News

Alakh Pandey, founder and CEO, PhysicsWallah. 4 min read Last Updated : Jun 12 2024 | 7:35 PM IST The chief executive of EdTech firm Physics Wallah’, Alakh Pandey, has moved the Supreme Court against alleged random award of grace marks by the National Testing Agency to over 1,500 candidates who took the controversy-ridden … Read more

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has assigned zero value to investment company Prosus’ nearly 10 per cent stake (or about $500 million) in Byju’s. “We assign … Read more

Started new batches at 240 tuition centres, says embattled edtech firm Byju’s

Started new batches at 240 tuition centres, says embattled edtech firm Byju’s

New Delhi: Embattled edtech company Byju’s said on Tuesday that it has started batches for the 2024-25 academic session at 240 out of its 296 tuition centres, as it struggles to pay salaries to its employees. Byju’s tuition centres provide classroom-based programmes for K-12 students. For the current academic year, the company said it has … Read more

Unacademy’s losses down 40% in FY23, revenue grows 26%

Unacademy’s losses down 40% in FY23, revenue grows 26%

New Delhi: Edtech company Unacademy’s losses decreased by about 40 per cent in FY23, as its revenue grew at 26 per cent in the fiscal year ending March 2023. To reduce losses, Unacademy also laid off about 1,500-2,000 employees in several restructuring exercises. The Peak XV Partners-backed edtech platform reduced its loss to Rs 1,678 … Read more