Mumbai (Maharashtra) [India], December 22: Imarticus Learning, the pioneer in India s EdTech landscape, recently hosted a thought-provoking TEDx event centered around the theme Re-imagining EdTech . This impactful event brought together over 25 distinguished luminaries from diverse sectors, where they shared their wisdom and insights on the ever-changing landscape of education and technology.
The Mumbai-based edtech unicorn upGrad, founded in 2015 by Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli, experienced a rollercoaster fiscal year 2022-23, marked by soaring operating revenue and a substantial increase in net loss.
In a recent development, the well-known edtech behemoth BYJU'S in India is now being investigated by the Enforcement Directorate (ED) for possible violations of the Foreign Exchange Management Act (FEMA), 1999.
Byju Raveendran, the founder and CEO of Byju, is reportedly in the early stages of discussions with private equity (PE) firms, such as Bain Capital and KKR, about the potential sale of a controlling stake in Aakash Educational Services Ltd (AESL). This is a calculated move that could significantly alter the landscape of India's burgeoning edtech sector.
Edtech companies like Doyobi are challenging traditional notions of success in Singapore's competitive education landscape by fostering adaptability, resilience, and critical thinking skills.