#MCProOpinion: The crackdown on Chinese #edtech companies has given their Indian peers the upper hand. Investors are bullish on Indian edtech firms as they believe a few of them could go on to become global plays.

Read more:
https://www.moneycontrol.com/news/opinion/start-up-street-indian-ed-tech-firms-capitalise-on-the-loss-of-chinese-peers-7843321.html?utm_source=telegram&utm_medium=social

The government yesterday advised students & parents to be careful while choosing #onlineeducation through edtech companies. an advisory highlighted that "free services" are offered by some edtech firms.

Read at
https://www.moneycontrol.com/news/business/companies/government-cautions-against-predatory-edtech-tricking-parents-into-paying-for-free-services-7860911.html

#Byjus #edtech #UpGrad #Vedantu

#MCOpinion | A mere warning to edtech firms to stop mis-selling their courses to gullible parents is unlikely to work, writes Subir Roy at
https://www.moneycontrol.com/news/opinion/edtech-gets-a-warning-but-doubtful-if-it-will-work-7868941.html

#Education #Edtech #OnlineEducation

Edtech majors welcome IAMAI's move to bring out a self-regulatory code in the country, this comes amid concerns of misselling and alleged unfair practices by #edtech firms in India, report Vikas SN & Sriram Mani

Read 👇
https://www.moneycontrol.com/news/business/internet-and-mobile-association-sets-up-self-regulatory-body-for-edtech-in-wake-of-rampant-misselling-players-welcome-move-7927111.html?utm_source=telegram&utm_medium=social

Have you checked out #MCMinis yet? 🤔

They are quick explainers or short insights on topics that matter! They fit into the screenshot of your phone. 📲 It is that easy and fast! ⚡️

Start exploring: https://moneycontrol.com/news/mcminis

#Edtech #Business

#StartupsWithMC | For Ashwin Damera, the co-founder & CEO of #edtech unicorn Eruditus, his first entrepreneurial gig was a path paved with thorns & after a long journey, he got the path-breaking idea.

By Darlington Jose Hector at
https://www.moneycontrol.com/news/business/startup/germ-of-an-idea-how-edtech-firm-eruditus-was-founded-7948021.html

#Eruditus #startup #EdtechStartup

Indian higher education regulator has cautioned colleges & universities not to get into a franchise model with edtech players to offer degrees & diplomas.

Any violation will invite action against institutions and edtech players concerned at
https://www.moneycontrol.com/news/business/ugc-warns-against-franchise-model-between-edtech-and-universities-to-offer-degrees-diplomas-7948571.html

#edtech #UGC #OnlineEducation

#MCProOpinion: #Edtech #unicorn #LEAD has carved out a niche for itself in the affordable private school segment. But the very factors that have worked for it could pose a challenge in future.

Read more: https://www.moneycontrol.com/news/opinion/newly-minted-edtech-unicorn-lead-has-its-task-cut-out-for-it-7965461.html?utm_source=telegram&utm_medium=social

#MCExclusive | #Edtech unicorn upGrad is set to become profitable in 2022-23 & is considering an #IPO in 24 months from now, co-founder & MD Mayank Kumar told Moneycontrol.

Prashant K. Nanda reports at
https://www.moneycontrol.com/news/business/companies/mc-interview-upgrad-to-turn-profitable-in-2022-23-likely-to-float-ipo-in-2-years-co-founder-mayank-kumar-7987911.html

#MayankKumar #stockmarket #unicorn #UpGrad

After becoming India's first #Edtech #Unicorn this year, LEAD has now announced an ESOP Liquidation plan of close to $3 million for its #employees.

Read more 👇
https://www.moneycontrol.com/news/business/edtech-unicorn-lead-announces-esop-liquidation-plan-of-3-million-8113971.html?utm_source=telegram&utm_medium=social

#InDepth | Closure of #LidoLearning and the ensuing uncertainty for hundreds of staff seems to have given the sector its first jolt in recent times, and brings to the fore a new debate on the #edtech sector.

Here's what experts say 👇
https://www.moneycontrol.com/news/business/in-depth-lido-learning-episode-a-hard-lesson-for-the-edtech-sector-but-the-bull-market-is-still-on-8164451.html?utm_source=telegram&utm_medium=social

#VedantuInnovation has become the latest #edtech #startup to lay off employees joining the likes of Unacademy, & Lido Learning, nearly eight months after becoming a #unicorn.

Get the details here 👇
https://www.moneycontrol.com/news/business/edtech-unicorn-vedantu-follows-unacademy-lido-learning-lays-off-200-employees-8460741.html?utm_source=telegram&utm_medium=social

#ICYMI: Over 800 #WhiteHatJr employees have resigned from the #edtech #startup in the last two months after being asked to work from office. 😮

Read the details 👇
https://www.moneycontrol.com/news/trends/over-800-whitehat-jr-employees-resign-after-being-asked-to-return-to-office-report-8488011.html?utm_source=telegram&utm_medium=social

#BitsToBillions: Vedantu founder & CEO Vamsi Krishna on the stress in #edtech, layoffs.

"Growth spree will not continue. The crests were high, troughs will be deep. Tough calls will be taken in tough times."

This weekend, at 9.30PM, on CNN-News18, with Chandra R. Srikanth 🔥

The world’s most-valued edtech company Think & Learn Pvt Ltd which runs education platform #Byju’s has now become the world’s most expensive #edtech company after a decline in its FY21 (2020-21) revenue that led to a surge in its revenue multiple

Read at 👇

https://bit.ly/3qRb9pG

#StartUpsWithMC |SoftBank-backed #edtech unicorn Unacademy has managed to cut its monthly costs by a fourth and is inching towards profitability by early next year, sources said.

Read more ⏬
https://bit.ly/3DOz9l8

Byju’s names Lionel Messi as global brand ambassador to promote #EducationForAll.

The partnership comes with commitments between #LionelMessi and #Byjus wherein the #edtech major may offer free licenses and learning materials for his foundation.

“This association with one of the world’s most popular sportspersons is in sync with the expanding global footprint of Byju’s and its commitment to making education accessible, equitable, and affordable for all”, the company’s prepared statement said on Friday.

📹Watch the video for more

#MCTech3 : Top #tech and #startup news this evening

✳️ #SoftBank to sell shares worth $215 mn in Paytm
✳️ #PMModi says red carpet, not red tape for investors
✳️ #AnandLunia is not happy with #edtech founders

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#MCTech3: Top #tech and #startup news this evening
✳️ No hikes for senior staff, says #Flipkart
✳️ The #edtech VC who is long on India
✳️ $150M seed valuation for ex-Nazara CEO’s startup

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While the turmoil at #Byju’s, currently the world’s most-valued edtech startup, has left its #investors dissatisfied, it has also put a spotlight on the depth of India’s #edtech #market.

Read at 👇
https://www.moneycontrol.com/news/business/startup/investors-take-a-harder-look-at-indian-edtech-deals-amid-byjus-troubles-11240671.html