Page 2 - Adda247 News Today

On Sunday, a video of five teachers crying and calling out edtech unicorn PhysicsWallah (PW) went viral. Tarun Kumar, Aditya Anand, Manish Dubey, Sarvesh Dixit, Siddhartha Misra resigned from the company on March 3. They were accused of taking bribes worth Rs 5 crore from a rival edtech company Adda247 to quit PW and join the former. Here is what has happened so far.

Addressing the management and students in the video, they said that allegations of them being paid Rs 5 crore as a bribe were completely baseless and they quit PhysicsWallah because its atmosphere was no longer conducive to learning or teaching.

Reality show-worthy drama has been playing out over the last few days at PhysicsWallah, the edtech unicorn where a group of teachers is busy trading allegations of bribery and internal politics.

The edtech unicorn, PhysicsWallah, is currently embroiled in a reality-show-worthy drama as its former teachers trade allegations of bribery and internal politics.

Edtech companies are offering lucrative packages and perks to lure top talent from their competitors as they prepare for the next academic session, with many tutors now drawing salaries that even dwarf the compensation of Ivy League professors.  Industry executives familiar with the latest developments in the edtech sector say top ......

Through this move, the company wants to remunerate more of its employees and further incentivise the efforts by creating wealth for the employees as they build Adda247.

Google-backed government job preparation platform Adda247 on Monday said it has granted stock options worth Rs 150 crore under its employee stock ownership plan (ESOP) programme to its workers.

The current acquisition will give Adda247 an edge in the UPSC segment. StudyIQ Education has a subscriber base of over 11 million, and receives close to 100 million views a month.

Adda247 acquires UPSC-focused edtech platform StudyIQ Education for $20 mn

Companies focusing exclusively on government jobs said their revenues had grown around 1-4x in the last year, on the back of both job market uncertainty, as well as increased adoption of online mode of learning due to Covid-19 and lockdowns that forced local tuition centres to shut.