Page 4 - Lido Learning News Today

Blackstone-backed edtech major Simplilearn will use the fresh funds to grow its business across the globe

Clal Insurance and ADQ’s venture platform DisruptAD, also participated in the round.

Various state employee unions are in talks to approach union labour ministry against the alleged labour laws violations by BYJU's

Reinforcing fears of a slowdown in the Indian edtech sector, Unacademy said it is letting go of 350 employees in another round of layoffs.

K-12 STEM edtech startup Practically has laid off some employees amid a cash crunch as its last funding round did not materialise.

Poland-based edtech startup Brainly has partially shut down its Indian operations and fired nearly all of its team in the country.

Udaan is laying off 300–350 employees in a fresh round of layoffs, according to reports.

Startups like BYJUs, Meesho, OLA, among others, have laid of thousands of employees in 2022.

As startups commence another round of layoffs, the impact of this year’s challenges including investing winter is clearer. A company’s people strategies can change but long-term thinking should not, , Magazine Issue 5 Nov 2022, Nooring

Venture capital firm Sequoia India is reportedly mulling investing $50 Mn in its portfolio edtech startup K12 Techno Services.