Indian edtech Unacademy slashes another 12% of jobs

Unacademy has laid off 12% of its workforce, or more than 350 roles, in its latest round of layoffs — just over four months after cutting about 350 roles in November. Unacademy co-founder and CEO G

Indian edtech giant Byju’s not acquiring Unacademy

Indian edtech giant Byju’s said on Thursday the firm and any of its subsidiaries are not engaging with rival Unacademy to explore an acquisition or merger, refuting a media report at a time when wea

Indian edtech Unacademy cuts upskilling service to double down on tests product and LinkedIn rival

Unacademy said on Tuesday that Relevel, its upskilling product, is shifting focus to its tests product and the newly launched LinkedIn-rival NextLevel, the latest in a series of changes from the India

Amazon to shut down its online learning platform in India

Amazon will be shutting down Amazon Academy, an online learning platform it launched in India for high school students last year, the company said Thursday. The retailer says it will wind down the edt

Indian edtech Unacademy cuts 10% of jobs

Unacademy has eliminated 10% of its workforce, or about 350 roles, in its second round of layoffs this year as the Indian edtech warns of harsh economic conditions. In an email to employees on Monday,

Facebook parent Meta eyes investment in Indian app Better Opinions

Facebook-parent Meta, which counts India as its largest market by users, is gearing up to make its third startup investment in the South Asian market. The American social media group, which invested i

Daily Crunch: Raise now, pay later: $800M funding round slashes Klarna’s valuation by 85%

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Cost cutting, layoffs remain leading startup themes

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest, boldest and bad

Unacademy founders take a pay cut, pledge an IPO in two years

Unacademy, one of India’s high-profile startups, is undertaking several cost-cutting measures, including salary reduction for founders and shutting down “certain businesses” as it pl

Unacademy tells employees to focus on profitability at all costs to ‘survive the winter’

Unacademy, one of the high-profile Indian startups, has urged its employees to learn how to work under constraint and focus on reaching profitability as the SoftBank and Tiger Global-backed online lea

James Murdoch firm invests $600 million in India’s Allen Career Institute

Bodhi Tree is taking a $600 million stake in Allen Career Institute as James Murdoch and former Disney executive Uday Shankar’s investment platform expands its bet on India’s growing edtec

Upskilling platform Scaler tops $700 million valuation in new funding

Scaler, an edtech startup that offers upskilling courses to working professionals in India, has raised $55 million in a new financing round as it looks to expand to international markets including the

India’s most valuable startup Byju’s in talks to go public via record SPAC deal

Indian edtech giant Byju’s, the nation’s most valuable startup, is in talks to go public in the U.S. by merging with a blank check company led by Churchill Capital, a person familiar with the matt

India’s Blume Ventures raises $105 million in the first close of its fourth fund

Blume Ventures said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity intensifies in the wor

Indian edtech giant Byju’s valued at $18 billion in new funding

Byju’s has raised about $300 million as part of a larger round of new investment as the Indian edtech giant focuses on expanding its international business and aggressively explores merger and acqui

India’s UpGrad enters unicorn club with $185 million fundraise

UpGrad, a Bangalore-based startup that specializes in higher education and upskilling courses, hit a valuation of $1.2 billion with a $185 million funding round Monday as global investors plow record

India’s Vedantu not in talks to sell to Byju’s, top exec says

Indian online learning platform Vedantu is not engaging to sell the firm to edtech giant Byju’s, a top executive said on Friday. A report by Indian news outlet Entrackr said early Friday that B

Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise

Indian online learning platform Unacademy has raised $440 million in a new financing round as investors double down on the South Asian market and elsewhere following a widening series of regulatory cr

Indian online learning giant Unacademy in talks to acquire Rheo TV

Indian online learning platform Unacademy is in advanced talks to acquire Rheo TV, a less than two-year-old startup founded by two former Unacademy employees, according to three sources familiar with

UBS investment makes Byju’s the most valuable startup in India

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others
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