Indian edtech Unacademy cuts 10% of jobs • ZebethMedia

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, Unacademy co-founder and chief executive Gaurav Munjal said the startup is cutting jobs across several verticals, many of which it […]

Byju’s eyes $1 billion IPO for physical tutor chain Aakash • ZebethMedia

Indian edtech giant Byju’s is engaging with bankers to put together a plan for the initial public offering of its physical tutor chain unit Aakash, which it acquired last year, a source familiar with the matter told ZebethMedia. The Bengaluru-headquartered firm is looking to raise $800 million to $1 billion in the initial public offering […]

Vedantu acquires majority stake in Deeksha for $40 million in offline push • ZebethMedia

Indian edtech Vedantu has acquired a majority stake in education chain Deeksha for $40 million, the latest in local online learning platforms’ growing attempts at tapping opportunities in the offline market. The Bengaluru-headquartered Vedantu, which became a unicorn last year, said it will integrate its technology into offline centers of Deeksha as part of the […]

Indian edtech giant Byju’s cuts 2,500 jobs • ZebethMedia

Indian edtech giant Byju’s said on Wednesday it has eliminated 5% of its workforce, or about 2,500 roles, across multiple departments as it looks to improve its finances and achieve profitability, it said. This the second significant layoff step the startup, valued at $22 billion, has undertaken in recent months. In June, it cut hundreds […]

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