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The ongoing year will be the best period in terms of growth and profitability for Unacademy, the co-founder and CEO of the edtech company, which has laid off 250 employees, said on Wednesday. Amid claims that the edtech company is up for sale, Unacademy Co-Founder and CEO Gaurav Munjal in a social media post asserted that the management is building the company for the long run. "There is a lot being said about Unacademy currently. To set the record straight, Unacademy will have its best year in terms of growth and profitability. We also have many years of runway. We are building Unacademy for the long run," Munjal said on social media platform X. The company has laid off around 250 employees comprising 150 sales personnel who were asked to leave for not meeting performance criteria, according to sources privy to the development. A source said that the company had laid off only about 100 employees and they have been given severance packages while sales employees have to leave for no
The Delhi government will develop more than 2,000 digital classrooms at a cost of over Rs 65 crore and it has floated a tender for the project, officials said. The classrooms for students from Classes 6 to 12 will have Wi-Fi routers, 75 inch or above interactive display panels and personal computers. The work will be carried out in existing classrooms of schools under the Directorate of Education (DoE). The Public Works Department (PWD) has floated a tender, and eligibility bids will be opened on May 17. The work will be carried out at an expenditure of Rs 65.43 crore, the officials said. Initially, smart classrooms will be for Classes 6 to 12 and later, the facility will be available for other classes too, they said. According to official documents, the interactive display will be installed with complete full-HD animated digital content for all Classes 1 to 12 as per the National Council of Educational Research and Training (NCERT) curriculum valid for five years. The PWD has als
A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels, and device agnostic accessibility, Union Finance Minister Nirmala Sitharaman announced Wednesday. In her Budget speech, she said states will be encouraged to set up physical libraries for them at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources. To build a culture of reading and to make up for pandemic-time learning loss, the National Book Trust, Children's Book Trust and other sources will be encouraged to provide and replenish non-curricular titles in regional languages and English to these physical libraries. "Collaboration with NGOs that work in literacy will also be a part of this initiative. To inculcate financial literacy, financial sector regulators and organizations will be encouraged to provide age-appropriate reading material to these libraries,"