Page 2 - Medtech Sector News Today

Following the resignation of three board members and the departure of Deloitte, the company's auditor, Byju Raveendran, co-founder and CEO of Byju's, recently conducted a town hall meeting to allay fears and reassure staff.

Best Media Info: Out of the total 8,951 complaints made to ASCI, of which 7,928 were processed, the Indian EdTech industry accounted for just 2.7% in 2022-23, as per the recently published report| Marketing News

According to filings, Invesco – which led Swiggy’s $700 million round in January last year – valued the Bengaluru-based company at $5.5 billion as of January 31, 2023, as per the latest filing.

Despite forecasts that the global economic situation may negatively impact the startup market, the edtech sector in Vietnam is still flourishing due to increased investment in education, affordable internet costs, and advancements in industry technologies.

According to Karti, the ED should look at financial transactions involving cases of Narcotics or Terrorism instead of matters concerning foreign exchange as it’s not under their purview.

GSV is eyeing investments in sub-sectors such as upskilling and the K12 segment - for kids from kindergarten to Grade 12 - among others, Quazzo said

India's edtech had a rough 2022 as funding fell 44%, triggering layoffs that impacted 8K+ employees amid a changing industry landscape.

According to industry estimates, 45% of the 15,000+ layoffs that the start-up ecosystem has seen this year is being attributed to the Edtech industry, according to Peoplematters, a leading Human Resource website.

My belief is that those retrenched will be absorbed by other new-age companies. Startups will continue to transform India, says Dr. C. N. Ashwath Narayan, Minister of IT, Karnataka Govt

Upskilling unicorn upGrad and customer engagement SaaS platform CleverTap have raised large venture capital funding rounds this week even as overall start-up funding continues to slow down in volume and value.