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    Despite layoffs, some edtech firms still on growth chapter

    Synopsis

    UpGrad managing director Mayank Kumar said the company’s diversified model had helped it remain stable. It continues to have many open hiring positions, but intends to maintain a tight team as it pursues growth plans and continues to be cautiously optimistic.

    Bengaluru: Edtech companies may have borne the brunt of the recent rounds of firings by startups, with close to 2,000 layoffs across Unacademy, Vedantu and Lido Learning, but several of them including UpGrad, Eruditus, Brightchamps, Filo, Hero Vired and Scaler are still bullish on scale-up plans for the year ahead.Chief executives at these companies said they would continue to pursue growth plans aggressively and were also hiring, as they look
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    The Economic Times