edtech

After months of private scuffles, Byju’s and some of its largest investors are now taking their fight public. Byju’s, once India’s most valuable startup, said Friday its investors do not have the voting right to seek leadership changes, a day after a group of shareholders called for an extraordinary general meeting to remove founder Byju Raveendran and his family from the top roles at the edtech group. In a press release, Byju’s said it will continue its deliberation to raise $200 million in a…

A group of large investors in Byju’s has called for an extraordinary general meeting where they seek to change the leadership at Byju’s days after the edtech group launched a rights issue at $25 million pre-money valuation. The consortium of investors said it has called for the EGM following “many months of continued efforts” to address the “persistent issues” at Byju’s, which at the time of its last fundraise in 2022 was the most valuable edtech globally. It initially issued the request for EGM…

As artificial intelligence (AI) is transforming education, around 87.85% of educators interviewed believe that the development and application of AI technologies should be monitored and regulated by the government, a report said on Sunday. “Over 87.85% (educators) agree that the development and application of AI technologies should be monitored and regulated by the government, reflecting concerns about risks and ethical implications,” TeamLease Edtech's report - ‘Revolutionizing Classrooms: The Impact of Generative AI on…

Edtech startup Unacademy has elevated Jagnoor Singh as chief operating officer (COO) of its offline centres business, CEO Gaurav Munjal told employees in an internal memo on Wednesday night. Singh was Unacademy group’s chief business officer for a little over two years. The reorganisation comes in a series of top-deck changes at the Bengaluru-based startup that focuses on test preparation as a segment, largely offline now. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD…

Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash Institute—one of the few remaining valuable assets of troubled edtech Byju’s. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Rario NFT product shut, users cry foul■ MeitY’s 10-year roadmap■ SoftBank pares stake in PaytmPai in the sky: Ranjan to own 40% of Aakash Ranjan Pai, chief of the Manipal group, is set to be the largest shareholder in Byju’s-owned Aakash Institute. Let’s get you all the details here.…

The Lead Group, a Mumbai-based school edtech unicorn on Wednesday announced the appointment of Arvind Singhal as chief growth officer (CGO) and Arpit Jain as chief financial officer (CFO).“In their new roles at Lead, Arvind and Arpit will provide strategic direction to accelerate the adoption of school edtech across India, furthering our vision of enabling affordable and excellent learning for every child,” said Sumeet Mehta, chief executive of Lead Group. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Ello, the AI-powered app that is designed to help young children learn to read, is expanding its library.The company (which shouldn’t be confused with the defunct social media startup) plans to add an enormous catalog of e-books—more than 700 original titles, many of them created using AI—to its collection to boost its educational efforts. The books will be available through the Ello app, which leverages speech recognition technology to assist parents and teachers.“Our mission is to teach any child to read . . . with the…

Hi, this is Pratik Bhakta in Bengaluru.A crop of tech-first stockbrokers is not only leading from the front in adding new customers, they’re also generating strong revenues and profits— a theme we at ETtech have been capturing through our in-depth coverage of this segment. These stock-broking platforms, which have diversified beyond stock trading to position themselves as full-fledged financial services firms, have left behind the traditional players in terms of user sign-ups. Also read | New-age brokers ride on futures…

Human capital, defined by the collective knowledge, skills, and attributes of individuals, is the cornerstone of productivity and growth in any economy or organization. Its foundation is laid in early childhood and is further nurtured through formal education, training, and real-world experiences. In our age of profound “accelerations,” as termed by three-time Pulitzer Prize-winning journalist Thomas Friedman, the rapid transformations we witness underscore the need for accelerated learning and adaptability. This new era…

Happy Monday! Ronnie Screwvala-led Upgrad is closing in on US edtech firm Udacity, with a fresh fundraise likely to seal the deal. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Experts on IT sector’s rebound■ India and its AI startups: a prognosis■ Rapido’s FY23 numbersUpgrad in talks for $100 million to close US edtech Udacity buy Upgrad founder Ronnie ScrewvalaEdtech undoubtedly had its worst year in 2023. The sector is nowhere close to getting out of the woods yet, but Ronnie…