Varthana Secures $10M Debt from BlueOrchard Finance

Varthana Finance, a non-banking financial company (NBFC) on a mission to bridge the affordability gap in education, has secured a significant debt financing round of $10 million from BlueOrchard Finance. This strategic injection of capital will act as a springboard for Varthana’s growth trajectory, allowing them to amplify their reach and empower a wider network […]

Byju’s Dismisses Employees Via Calls Amid Financial Crisis

Byju’s, the Indian education technology (edtech) major valued at $22 billion just two years ago, finds itself in hot water following reports that it terminated between 100 and 500 employees over phone calls, without proper notice or adherence to a performance improvement plan (PIP). This news comes as Byju’s grapples with ongoing financial difficulties exceeding […]

DroneAcharya, Hadron Aviation Team Up for Drone Diplomas

The Indian drone industry is on an upward trajectory, with the Drone Federation of India (DFI) predicting a market size of ₹30,000 crore (US$4.02 billion) by 2026. This growth is fueled by the integration of drones in various sectors – agriculture for crop monitoring and precision spraying, filmmaking for captivating aerial cinematography, disaster management for […]

Tamil Nadu Signs MoU to Implement PM SHRI School Scheme

In a significant development for Tamil Nadu’s education sector, the state government has signed a Memorandum of Understanding (MoU) with the Ministry of Education to implement the PM SHRI Schools scheme. This collaboration signifies the state’s commitment to providing high-quality education aligned with the National Education Policy (NEP) 2020, while leveraging crucial financial support from […]

RailTel Secures ₹130 Cr Bihar Education Project Council Order

RailTel Corporation Limited, a public sector undertaking under the Ministry of Railways, has secured a significant order worth ₹130 crore from the State Project Director (SPD) of the Bihar Education Project Council (BEPC). Project Details This project focuses on the empanelment of an agency for supplying teaching and learning materials for classes 1 to 5 […]

Telangana, Tata Partner for Skill Development

In a major boost to the skill development sector in Telangana, the state government has signed a memorandum of understanding (MoU) with Tata Technologies, a global engineering and product development digital services company, to upgrade 65 state-run industrial training institutes (ITIs) into advanced technical skill training centres. The project aims to enhance the employability of […]

T-Hub and DST Introduce MATH Hub

T-Hub, India’s leading innovation ecosystem, has partnered with the Department of Science and Technology (DST), Government of India, to launch the Machine Learning and Artificial Intelligence Technology Hub (MATH) in Hyderabad. MATH is a Centre of Excellence (CoE) that aims to nurture startups, create jobs, and foster a supportive ecosystem for AI and ML technologies […]

Airbus Partners with IIM Mumbai for Aviation Training

Airbus, the European aerospace giant, has signed a contract with the Indian Institute of Management Mumbai (IIM Mumbai) to provide aviation education to professionals and empower them with industry-ready skills through Airbus Beyond programmes. Airbus Beyond is an Airbus company that readies professionals for aerospace industry challenges. The programme offers courses in the areas of […]

BYJU’S Secures $300M Investor Commitment in Rights Issue

BYJU’S Secures $300M Investor Commitment in Rights Issue

BYJU’S, India’s leading edtech company, has received a commitment of $300 million from investors for its ongoing rights issue, which is expected to close by the end of February. The rights issue aims to raise $200 million at a valuation of $220-250 million, a steep drop from its peak valuation of $22 billion. What is […]

TeamLease EdTech, NSDC’s Joint Venture

What is the partnership between TeamLease EdTech and NSDC? TeamLease EdTech, a leading provider of online education and skill development solutions, and the National Skill Development Corporation (NSDC), a public-private partnership under the Ministry of Skill Development and Entrepreneurship, have entered into a partnership to foster employability through skill development by endorsing work-integrated degree programmes. […]