EdTech

Citing the challenging economic environment, online education company for developers and IT professionals Pluralsight has announced to lay off 20 per cent of its global employees comprising about 400 workforce. Taking the responsibility of the decisions that ended up firing 400 employees, CEO Aaron Skonnard in an email said, “I've spoken to all of you ...

Aiming to narrow the gap between parents and teachers through parent-teacher communication software and ERP management solutions, Uolo, an edtech startup raised USD 22.5 million in funding in a Series-A round led by UAE-headquartered VC Fund Winter Capital. According to the official statement, in the round of funding, the participation of existing venture capitalists Blume ...

The major edtech company, Byju’s has raised USD 250 million from its existing investors at a USD 22 billion valuation. The company on Monday said Qatar Investment Authority (QIA) participated in the round but did not give a split. “Byju’s is now at that sweet spot of its growth story where the unit economics and ...

Just a week after its third acquisition in a month, leading online education platform upGrad has raised USD 210 million in a fresh funding round becoming an outlier in an otherwise slow edtech market in India. The funding round was led by US testing and assessment provider ETS Global and Bodhi Tree, an investment vehicle ...

As part of its restructuring exercise, edtech unicorn Vedantu has handed out pink slips to around 100 employees. It is the third lay off in the company as it had fired 624 full-time and contractual staffers in two batches in May this year comprising 10 per cent of its workforce. The online education platform’s ...