Page 3 - Wedtech Startup News Today

​​Launched in 2021 with a modest 30-member team, Techmaghi is today a leading education provider, having trained more than 75,000 students, generating revenue of more than Rs 2 crore, it said

SecureMyScholarship connects students with scholarships at foreign universities, making education more accessible.

Classplus, a software-as-a-service (SaaS) platform for coaching institutes, had acquired Saarthi in late 2021, according to a statement. The deal went unannounced until now.

On Tuesday, media reports surfaced suggesting that the company has not cleared the PF dues of most of its employees

According to Prosus, BYJU’S executive leadership “regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters.”

The successful execution of the loan amendment would "immediately" solve for the loan's acceleration and end all open litigation and avoid further enforcement actions.

These lenders, collectively own more than 85 per cent of Byju's USD 1.2 billion term loan.

The news comes a day after ET reported that the directors of embattled edtech major Byjus parent, Think and Learn Pvt Ltd, may be summoned by the Ministry of Corporate Affairs (MCA) in their probe over alleged corporate governance lapses.

Prosus had downsized the value of its 9.6% stake in Byju's to around $493 million in the financial year ended March 31, the report added

India Business News: Byju’s founder, Byju Raveendran, assured investors that the Indian edtech firm would finally release its long-delayed financials and strengthen accoun