Blackstone-Backed Simplilearn Secures $45 Mn Funding From GSV Ventures, Others
Blackstone-backed edtech major Simplilearn will use the fresh funds to grow its business across the globe
Source: inc42.com
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Blackstone-backed Simplilearn bucks the funding slowdown in Indian edtech, raises $45m
Clal Insurance and ADQ’s venture platform DisruptAD, also participated in the round.
Source: dealstreetasia.com
BYJU'S Layoffs: Employee Unions Invoke Labour Laws, Prepare For A Legal Fight
Various state employee unions are in talks to approach union labour ministry against the alleged labour laws violations by BYJU's
Source: inc42.com
Indian edtech startup Unacademy fires 10% staff as slowdown bites hard
Reinforcing fears of a slowdown in the Indian edtech sector, Unacademy said it is letting go of 350 employees in another round of layoffs.
Source: dealstreetasia.com
Edtech Startup Practically Lays Off Employees Citing Cash Crunch
K-12 STEM edtech startup Practically has laid off some employees amid a cash crunch as its last funding round did not materialise.
Source: inc42.com