edtech

As the government begins to take steps to fix edtech platforms like Byju's, several parents have shared their plight on social media and professional networking platforms as representatives from online education providers continue to force them to buy courses.The Ministry of Consumer Affairs recently pulled up edtech firms during a meeting with them and self-regulatory organisation India Edtech Consortium (IEC) amid aggressive misselling of courses to parents."Hey Byju's and WhiteHat Jr... Trust me I am pushing my…

Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization and HR. More posts by this contributor European, North American edtech startups see funding triple in 2021 The unbundling of professional learning and entrepreneurship education These are turbulent times. Given the circumstances, it’s hardly surprising that public…

Image: Getty Images/iStockphotoRecently, Indian edtech company Byju's added more to the woes of the Indian edtech sector by announcing it was laying off hundreds of staff.It's been taken as another sign that while edtech -- education transformed through technology -- has been a star startup sector in India, soaring during the pandemic, it is now facing existential questions about how it will ply its trade in the years ahead.Indian parents, mostly from middle-to-low income families with no access to formalized online…

Edtech platform BYJU's on Monday said it has closed the nearly $1 billion acquisition of offline test preparatory services provider Aakash.The company, in a statement, said that its payments to Aakash are "closed" and the "audited financial results are going to be announced in the next 10 days".Reacting to another report that BYJU's is yet to receive funds from US-based Sumeru Ventures, founded by spiritual leader Sri Sri Ravishankar, the edtech giant said most of the funds have been received and the rest is on track.In…

The Central government on Friday warned edtech companies against unfair trade practices.In a meeting with self-regulatory body India Edtech Consortium (IEC), which runs under the aegis of Internet and Mobile Association of India (IAMAI), Consumer Affairs Secretary, Rohit Kumar Singh, said that if self-regulation does not curb unfair trade practices, then stringent guidelines would require to be formulated for ensuring transparency.The meeting was attended by representatives of the IAMAI, along with IEC member companies…

The government has warned ed-tech companies against unfair trade practices in India. In a meeting with industry body India Edtech Consortium (IEC), Consumer Affairs Secretary said that stringent guidelines would need to be worked out for ensuring transparency if self regulation does not curb the unfair trade practices in the sector. The meeting was attended by IEC member companies including Byju's, upGrad, Unacademy, Vedantu, and WhiteHat Jr, among others. Ed-tech platforms gained massive attention during the initial…

In our latest podcast series, Satavisa Pati, Content Analyst at Analytics Insight, talks to Brijesh Kohli, Director of Xebia Academy & Head of Education Programs. During the conversation, he takes us through the latest trends in the ed-tech industry and the benefits of customized training packages. He also shares his opinion on data privacy and how it is affecting the education industry. Analytics Insight · “The Global Edtech Industry is Gearing up the Use of AI tools” Says Brijesh KohliThe post…

Edtech major Byju's on Thursday said that less than 500 people have been laid off at WhiteHat Jr and Toppr, but sacked employees have claimed that 1100 staff had been retrenched at Toppr alone.The layoff at Toppr comes alongside Byju's group firm WhiteHat Jr retrenching 300 employees in addition to the resignation of 250 employees from the company in April-May."To recalibrate our business priorities and accelerate our long-term growth, we are optimising our teams across our group companies. This entire exercise involves…

Edtech major Byju's on Thursday said that less than 500 people have been laid off at Whitehat Jr and Toppr, but sacked employees have claimed that 1100 staff had been retrenched at Toppr alone.The layoff at Toppr comes alongside Byju's group firm Whitehat Jr retrenching 300 employees in addition to the resignation of 250 employees from the company in April-May."To recalibrate our business priorities and accelerate our long-term growth, we are optimising our teams across our group companies. This entire exercise involves…

In a big overhaul as the Indian edtech space shrinks considerably, online learning giant BYJU's has cut at least 600 jobs -- asking 300 employees at its Toppr learning platform and another 300 at coding platform WhiteHat Jr to go.For the layoff at Toppr which it acquired last year for $150 million, BYJU's confirmed the development, saying it has completed "the integration of Toppr and has absorbed almost 80 per cent of its talented workforce into the BYJU'S ecosystem".After the acquisition was completed, Toppr's employees…