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Among India's start-up elite, many are feeling the financial squeeze, handling loans from lean equity times. It's not just a wake-up call for the industry but also signals a looming debt inferno ahead - Issue Date: Jan 21, 2024
BlackRock, the world's largest asset manager, has marked down the valuation of Byju's parent company, Think & Learn, by more than 95%.
Byju's slashed its monthly operational expenses by 63 percent in December. The result? Badly maintained washrooms, no coffee machines, non-operational elevators, and low employee morale in its Bengaluru offices.
Byju's group general counsel Roshan Thomas has resigned, while CEOs of upGrad-owned edtech Knowledgehut and PhonePe-owned Indus OS have stepped down.
Coursera data shows that 21% of Indians who completed entry-level professional certificate courses got a new job.Data from a global survey by Coursera reveals that 96% of Indian students agreed that earning an industry micro-credential would help them secure the job they wanted.