Edtechs

As edtech platforms move towards deploying artificial intelligence tools to enhance offerings, a clear divide has emerged within various segments of the industry.While higher education and upskilling startups are anticipating greater benefits from the technology, those servicing schools and students on a large scale may run into some headwinds, founders and executives at edtech companies told ET.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

Shares of edtech company Chegg still haven’t recovered from their dive earlier this month. As you may recall, its stock fell off a cliff after the company reported its Q1 results. While Chegg beat analyst expectations for the first quarter of the year, it also raised a warning that didn’t fall on deaf ears: It warned that ChatGPT was hindering its ability to add new subscribers. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every…

Sam Chaudhary takes his time. The founder of ClassDojo, an edtech consumer app that focuses on student classrooms, spent eight years building the company before introducing a formal revenue model. All while raising over tens of millions in venture capital from elite Silicon Valley investors and eyeing a big mission: become the brand families can turn to when they think about a child’s education. Today, ClassDojo has raised over $200 million in venture capital and has its eyes on its next target, to hit $100 million…

Edtech startups offering online skilling courses have emerged as a silver lining amid the ongoing downturn in the K-12 and test preparation verticals as demand for reskilling remains steady. While funding has slowed considerably in the edtech sector, the reopening of schools and offline coaching centres has hit demand for edtech startups offering K-12 courses.Upskilling startup founders told ET that they are expecting to clock a strong rate of growth in the ongoing year even as a funding crunch has set in the broader…

When Elon Musk completed his acquisition of Twitter in late October with the goal of revamping the social media platform, many pundits and investors said the billionaire – who was already heading four companies – might be spreading himself too thin.Two months into his chaotic reign, the early indications are that those concerns were justified.Move fast and break thingsLast Sunday, Twitter announced new rules under which it would suspend accounts that posted links to other social media platforms such as Facebook and…

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Outschool laid off a quarter of staff, or 43 people, earlier this week, according to an e-mail obtained by TechCrunch. The edtech company, last valued at $3 billion, confirmed the layoffs over email, citing a focus on core capabilities as “growth has come back down to earth.” The e-mail sent to staff was even more direct. “The truth is…