The firm intends to use the fresh funds to expand in new geographies, scale leadership and strengthen product stack.

Vedantu’s move of laying off employees comes amid murmurs that the edtech sector in India is slowing down with schools and physical tuition classes reopening, thanks to decreasing Covid-19 cases across the country.

These unicorns have raised over $80 billion from investors to date, creating a total market value of more than $300 billion.

The fundraise is part of the company's $85 million Series C round. Vivriti Capital had raised $55 million of the total amount in March this year from existing investors Lightrock India and Creation Investments.

Post this round, the promoters will continue to hold a 29.99 percent stake in the start-up.

According to sources, permanent employees from sales and training teams were laid off over the last month.

In a video message to the Second United Nations World Geospatial Information Congress-2022 being held here, the Prime Minister said the country has been working on a vision of Antyodaya, which means empowering the last person at the last mile in a mission…

If PhonePe’s massive round goes through, it will make the startup India’s most valued fintech, amid a rout in startup funding

upGrad will not be replacing Mohan and Mayank Kumar, co-founder and managing director of upGrad will be taking over Mohan's responsibilities, according to a person with direct knowledge of the matter.