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Aakash Institute promoter Aakash Chaudhry may return to the company as its chief executive officer, as part of an arrangement being finalised with majority owner ......
Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities. Meanwhile, edtech major Byjus has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”.
About 150 employees were laid off in major verticals, including sales and content. It is the first layoff in a few years at the company.
Physics Wallah has alleged that Adda247 has lured some of its teachers to launch a separate YouTube channel. The teachers have denied the claims.
Even as startups cut spending, edtech companies seem to be taking the poaching of teachers for online coaching centres to the next level.