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EDUPRENEUR
Byju's India CEO Arjun Mohan Resigns, Founder Byju Raveendran to Reprise Operational Duties
Byju's, the embattled edtech giant, faces another leadership shakeup with the sudden resignation of Arjun Mohan, CEO of Byju's India. This development comes amidst ongoing financial struggles and inte...
EDUPRENEUR
Aviotron Aerospace Secures Investment to Revolutionize Experiential Learning for School Students
Noida-based edtech startup Aviotron Aerospace has defied the current funding slowdown in the Indian edtech sector by securing INR 4.96 crore ($600K) in a Pre-Series A round. This investment, led by So...
EDUPRENEUR
Physics Wallah Overcomes Profit Drop, Eyes Expansion with More Offline Centers
Test prep startup Physics Wallah is set to expand its offline presence aggressively, aiming to open as many centers as possible in the fiscal year 2025 despite potential profit erosion, according to f...
EDUPRENEUR
BYJU'S Announces Restructuring Plan for 30 Tuition Centers, Emphasizes 90% Transition to Hybrid Model
Byju's, India's leading edtech company, has been embroiled in a whirlwind of controversies lately. Here's a breakdown of the key developments:Center Closures: Restructuring or Shutdown?Earlier reports...
EDUPRENEUR
Teachmint's FY23 Revenue Surges 1,057%, Reflecting Edtech Sector's Explosive Growth
Bengaluru-based edtech startup Teachmint, known for its online video-first teaching platform, witnessed a significant rise in revenue during the financial year 2022-23 (FY23). However, despite this im...
EDUPRENEUR
Byju's says it has paid some part of salaries for 20,000 employees
Embattled edtech giant Byju's has offered some relief to its employees by disbursing a portion of their February salaries. This comes after the company faced a cash crunch that threatened to delay sal...
EDUPRENEUR
BYJU’S-Owned Aakash: FY22 Profits Hit INR 80 Cr, Sales Exceed INR 1,400 Cr Milestone
Aakash Educational Services Ltd., the shining star in BYJU'S turbulent edtech galaxy, has defied industry woes to report a remarkable 82% surge in earnings for FY22. This stellar performance stands in...
EDUPRENEUR
BlackRock's Axe Slashes BYJU'S Valuation From Billions to Barely a Billion
BlackRock, the world's largest asset manager, has dealt a crippling blow to Indian edtech giant Byju's, slashing its valuation by a staggering 95% from its peak. This latest markdown, revealed in a re...
EDUPRENEUR
Edtech Unicorn PhysicsWallah Trims Workforce: 120 Employees Ousted Following Performance Evaluation
PhysicsWallah Lays Off 120 Employees Amidst Fundraising EffortsIn a surprising turn of events, edtech unicorn PhysicsWallah has laid off 120 employees, citing performance issues. The layoffs come as t...