India's Top 13 Edtech Startups Spent $675 Mn On Employee Benefits In FY22
India's top 13 edtech startups (six unicorns and seven other major edtechs) spent INR 5,538.47 Cr in employee expenses in FY22.
Source: inc42.com
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Indian Startup Layoffs: 18,000 Employees Fired In 2022
The year 2022 saw the worst Indian startup layoffs ever as 18K+ startup employees were fired, against the backdrop of surging global layoffs.
Source: inc42.com
Edtech Startups To Be Worst Hit By Funding Slowdown In FY23
According to an investor survey, edtech is set to be the worst impacted startup segment by the funding slowdown in FY23.
Source: inc42.com
India's Experience In Creating Startup Ecosystem Can Benefit Africa
The minister for Commerce & Industry Piyush Goyal said that India’s experience with building a startup ecosystem can help Africa immensely.
Source: inc42.com
SoftBank-Backed Edtech Unicorn Eruditus Lays Off 40 Employees
SoftBank-backed edtech unicorn Eruditus has become the latest startup to lay off employees this year as it fires 40, scaling down expansion.
Source: inc42.com