Page 6 - Great Learning News Today

Edtech major Think and Learn, operating under brand BYJUS, on Tuesday, said its

New Delhi, Jan 23 (IANS) Edtech major Byju’s is reportedly seeking new funding at around $2 billion valuation, down from its top valuation of $22 billion in

Byjus plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall improved performance, Think and Learn, the parent of Byjus, is hopeful of a higher valuation ahead of its rights issue being planned in February to raise funds. Byjus India chief financial officer Nitin Golani said the company is in need of funds and plans to raise it at a lower valu...

Edtech unicorn Eruditus is planning a shift in domicile from Singapore to India, or reverse flipping, and joins the growing list of Indian internet firms — Pine Labs, Udaan, Razorpay and Groww, among others. Eruditus is evaluating a listing on the domestic bourses.

Indian IT majors are eyeing upcoming US federal contracts as several large deals are set for renewal in the next two quarters. While it is still challenging for Indian companies to win these contracts, there is a more positive attitude towards Indian-heritage suppliers.

Among India's start-up elite, many are feeling the financial squeeze, handling loans from lean equity times. It's not just a wake-up call for the industry but also signals a looming debt inferno ahead - Issue Date: Jan 21, 2024

BlackRock, the world's largest asset manager, has marked down the valuation of Byju's parent company, Think & Learn, by more than 95%.

Byjus slashed its monthly operational expenses by 63 percent in December. The result? Badly maintained washrooms, no coffee machines, non-operational elevators, and low employee morale in its Bengaluru offices.

Byju's group general counsel Roshan Thomas has resigned, while CEOs of upGrad-owned edtech Knowledgehut and PhonePe-owned Indus OS have stepped down.

Coursera data shows that 21% of Indians who completed entry-level professional certificate courses got a new job.Data from a global survey by Coursera reveals that 96% of Indian students agreed that earning an industry micro-credential would help them secure the job they wanted.