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Unacademy founders, senior leadership to take pay cuts in FY24 in latest cost-cutting initiative

The latest of the cost-cutting initiatives comes just a day after the SoftBank-backed edtech unicorn, currently India s second-most valued edtech startup, laid off close to 380 employees or about 12 percent of its staff to cut costs with an aim to acheive profitability, at least at the core level. ....

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Unacademy's leadership to take salary cuts in FY24

This development comes a day after Uncademy laid off 12% of its workforce in job cuts in an effort to increase the profitability of its primary business. ....

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Unacademy sacks another 380 employees in fourth round of layoff in 12 months

Unacademy s latest round of layoffs comes just four months after the SoftBank-backed edtech laid off 350 employees or about 10 percent of its staff in November. ....

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Upgrad raises Rs 300 cr in rights issue led by co-founder Ronnie Screwvala

Edtech firm Upgrad has raised Rs 300 crore in a right issue led by co-founder and chairperson of the company Ronnie Screwvala, the start-up said on Wednesday. UpGrad said that an internal Rights Issue was completed for Rs 300 crore. ....

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Biotech entrepreneur Zhou Lihan on the science and technology behind saving lives

The co-founder of Singapore-founded Mirxes discusses transitioning from scientist to entrepreneur, and what it means to save lives in a post-Covid world. ....

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