HIGHER LEARNING EDTECH UPGRAD
AI became the teacher of the year
AI is transforming the landscape of education as lecturers and EdTech platforms across the country utilise the technology for teaching, testing, and assessment. Generative artificial intelligence (AI) tools such as ChatGPT have found their way into Indian classrooms. However, AI also presents potential drawbacks. It may stifle creative thinking among young learners due to an over-reliance on technology.
Centre likely to invest Rs 1,000 cr for new IIM's construction in Assam, says CM Himanta Biswa Sarma
Assam Chief Minister Himanta Biswa Sarma announced that the Centre is set to invest Rs. 1,000 Crore for the construction of a new Indian Institute of Management (IIM) in Assam. The proposed site for the IIM is located in the Marabhita and Dighalkuchi localities in Kamrup district, marking the second IIM in the Northeastern region after IIM Shillong in Meghalaya.
How to use performance improvement plan as a recovery period to bounce back higher
Nirupama VG, Founder, AdAstra Consultants, says performance improvement plans (PIPs) often carry a stigma, signalling underperformance or imminent termination. However, they can also be pivotal moments for employees to reset and excel.
Former Unacademy COO raises $11 million from Matrix, Lightspeed for new edtech venture
Bengaluru-based startup Beyond Odds Technologies will provide employability-led training, certification, and recruitment services in the grey-collar workforce segment. It connects employers on the demand side to its talent supply base among students.
They learnt to love maths. It changed their lives
Almost dropouts, girls studying at UP's Kasturba Gandhi residential schools have seen a remarkable turnaround in their maths and science performance after the introduction of computer-based learning modules put together by a global foundation. And that’s unlocking dreams these kids dared not see
Maharashtra govt, TeamLease EdTech & NSDC partner to boost employability of state’s youth
TeamLease EdTech, the Department of Higher & Technical Education (DHTE) of the Government of Maharashtra, and the National Skill Development Corporation (NSDC) have formed a partnership to enhance the employability of Maharashtra's youth.
Demand for Gen AI courses surge as working professionals rush to keep themselves relevant
The trend is being driven by professionals seeking to stay competitive in a fast-evolving job market and to safeguard themselves against layoffs by futureproofing their careers through upskilling, said executives of edtech companies such as Upgrad, Great Learning, Simplilearn and Coursera.
Edtech’s AI push has its share of doubting Thomases
Higher education, upskilling platforms likely to benefit more than startups servicing schools and students on large scale
TeamLease Edtech, NSDC enter partnership to foster employability through skill development
TeamLease EdTech and NSDC have partnered to endorse work-integrated degree programmes through Digivarsity, a tech-first platform, synergising with Skill India Digital. The initiative equips students with workplace skills, providing enhanced access to higher education and employment opportunities. Students gain on-the-job internships, apprenticeships, and a monthly stipend.
Ronnie Screwvala meets edtech founders to discuss impact of Byju's controversy
The founders aimed to change the narrative around edtech, shifting it away from being seen as a 'predatory space' to highlighting its positive aspects, according to a founder.
Edtech Upgrad aims for IPO in two years
Cofounder and managing director Mayank Kumar said the company will go for an IPO once it reaches milestones such as achieving $750 million in revenue, maintaining an 80% gross margin, and sustaining a 15% net margin.
We aim to democratise foreign education for students in lower income brackets and in smaller towns: GradRight
GradRight claims to have processed loan requests exceeding $2 billion and assisted over 60,000 students in just two years.
Byju’s FY22 losses soar to Rs 8,245 crore; cash-strapped edtech explores rights issue at $500 million valuation
The rights issue, where existing investors will be offered the option to buy new shares in Think & Learn, may value the edtech firm at anywhere between $500 million to $1 billion.
TeamLease EdTech teams up with Andhra govt to launch internship platform for graduating students
The platform aims to enhance the employability of students by bridging the gap between education and industry requirements. It will provide 50,000 internships within the state of Andhra Pradesh, ensuring a smooth transition from academia to the professional world. This initiative underscores the importance of practical experience in complementing academic learning and contributes to making Andhra Pradesh a hub of skilled and employable graduates.
Upgrad-Udacity deal; Angel One snags Kotak Cherry top deck
Happy Monday! Ronnie Screwvala-led Upgrad is closing in on US edtech firm Udacity, with a fresh fundraise likely to seal the deal. Details of this and more in today’s ETtech Morning Dispatch.
Upgrad logs 96% revenue rise in FY23, losses widen 67% too
The company has slightly narrowed its EBITDA loss to Rs 558 crore in the period, against Rs 572 crore a year ago, the statement added.
Upgrad MD Mayank Kumar steps down as co-chair of India Edtech Consortium
Physicswallah cofounder Prateek Maheshwari has replaced Kumar, who stepped down as co-chair of the edtech body early September, according to an emailed announcement sent to some other members of the forum.
Bengaluru fresher hiring sentiment down by 10%, hit by slump in IT sector
The city is suffering a decline in terms of year-on-year comparison as well, with hiring intent up to 68% last year. However, Bengaluru companies still have the highest hiring intent for freshers in the country, followed by Mumbai at 61% and Chennai at 47%.
Exclusive: Upgrad in talks to buy majority stake in US edtech firm Udacity
The American edtech has been in talks with multiple suitors. If this deal goes through, it would be at a significant discount to its peak valuation of $1 billion.
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