EdTech Archives - TechStory

Byju’s plans on filing its audited financial reports on September 6!

Mehardeep SinghAugust 30, 2022

Source: Startup Story According to recent reports, a popular ed-tech startup, Byju’s is said to have informed its debt investors that it is likely to finali...

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PhysicsWallah Edtech Unicorn Purchases an Edtech Startup FreeCo, that Clears up Doubts.

NIsha JainAugust 20, 2022

Physics Wallah (PW), an educational technology unicorn, has acquired ed-tech startup FreeCo to improve its current services and offer students enhanced learning...

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UpGrad acquires Harappa Education for 300 crores
UpGrad plans to achieve revenue growth of 65% in the upcoming fiscal to reach 4000 crore

Thomas BabychanJuly 24, 2022

Indian EdTech giant, UpGrad made an announcement few days ago that it has completed the acquisition of Harappa Education. Harappa Education, which was launched ...

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Toppr cofounder, Zishaan Hayath purchase luxurious apartment in Bandra

Thomas BabychanJuly 24, 2022

Toppr which was founded in 2013 by Zishaan Hayath and Hemanth Goteti got acquired by Ed Tech ain't Byju's in 2021. According to a report by Money Control, Z...

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Unacademy to go public within 2 years – CEO Gaurav Munjal
EdTech company is implementing cost cutting measures in order to achieve profitability as soon as possible

Thomas BabychanJuly 12, 2022

Chief Executive Officer of Ed-tech company Unacademy, Gaurav Munjal, said on Monday that the financial management of the company is currently not efficient at a...

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Edtech Start-up Unacademy Increases Their ESOP by 20%
Unacademy's move to increase its ESOP pool comes at a time when the company laid off over 750 employees including educators

Vishvas NarayanJuly 10, 2022

Edtech start-up, Unacademy, has recently come out to say that the company has decided to up their employee stock option plan pool by 20%. This is according to t...

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Byju’s $800 million fund raise no longer on track
Byju's $800 fund raise not on track after Sumeru Ventures report goes missing

Isha SahaJuly 5, 2022

Image source: Business Standard In March, edtech company, Byju's had declared a major $800 million fund raise. The funds were seemingly being rais...

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Payments to Aakash Closed; Financial Results Will be Announced in 10 Days
This comes at a time when media reports have suggested that the company is struggling to manage cash for its operations and is resorting to cutting costs aggressively

Vishvas NarayanJuly 4, 2022

Byjus, the parent company of Aakash Educational services came out to announce on the 4th of July that they have closed their balance payments to the company as ...

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Union Govt Warns Edtech Companies against Unfair Trade Practices
The problem of increasing fake reviews was also a major point of concern which needed to be contained

Ayush BansalJuly 3, 2022

Image: SamVidhi The government warned ed-tech companies on Friday against indulging in unfair trade practices, including misleading advertisements. The cent...

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Over 2,500 Employees Laid Off Across Byju’s and Its Subsidiaries
Byju's has laid off full-time and contractual employees from Toppr, WhiteHat Jr, and its core teams.

Vishvas NarayanJune 30, 2022

The education tech industry continues to have their mass exodus after having a booming 2 years. Although a few people say that the industry will continue to gr...

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