Online Education

She says that the firm will hire its India head of customer success, ramp up the R&D centre to strengthen Udemy's core platform and build more AI features into its platform

Delivery in quality education from reputed Universities and Institutes build value growth.

Coaching centre deaths: Reacting to the recent tragedy, Anand Kumar of Super 30 said students have become clients for coaching centres while adding that fees should be controlled

Byju's, founded by teacher Byju Raveendran, was valued at $22 billion at its peak but ran into financial and legal problems after its business dried up

Edtech firm Think and Learn -- owner of Byju's brand -- has slashed course subscription fees by 30-40 per cent and hiked sales incentives by 50-100 per cent, according to sources. Byju's Founder and CEO Byju Raveendran, who has started handling the company's daily operations, in a meeting with 1,500 sales associates and managers, has announced change in sales strategy inclined towards scalability and flexibility. "The annual subscription for the Byju's Learning App is now available at a yearly early price of Rs 12,000 (inclusive of taxes), while Byju's classes and Byju's Tuition Centres (BTC) are priced at Rs 24,000 and Rs 36,000, respectively, for a complete year of classes," sources privy to the development said. This is almost a 30-40 per cent reduction in rates, they said. Byju Raveendran has also promised to settle all dues of the sales team with higher incentives. "The average sales salary is Rs 40,000 per month. So, close a couple of sales, and you can get not just your sal

Byju's is consolidating its businesses into three focused divisions. These include The Learning App, Online Classes and Tuition Centres, and Test-prep

Founder of the edtech company Think and Learn, which owns the Byju's brand, Byju Raveendran will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan, the company said on Monday. Following the move, the company has announced a major rejig of the business that will consolidate its business into three focused divisions -The Learning App, Online classes and Tuition centres, and Test-prep. "The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU'S India CEO Arjun Mohan. This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company," the company said. Mohan will now transition to an external advisory role, lending his deep edTech expertise to the company and its founders during this transformation phase. Over the past four years, Raveendran had focused primarily on strategic aspects such as raising capital and driving global ...

Super 30 founder and mathematician Anand Kumar has said that he would soon launch a new online educational platform to take education to the doorsteps of the poor and underprivileged students in India. In his speech at the 2024 Kellogg India Business Conference on the theme "Reimagining India: Shaping the Global Economic Landscape," organized by the Kellogg School of Management, Northwestern University, Kumar said that the time has come to embrace the available technology to reach out to more and more students. "Time has come to embrace the available technology to reach out to more and more students. Super 30 made me growing aspirations of the poor to change their lives and many of the students who passed out did bright about a generational shift due to the power of education. A new online educational platform will be launched soon to take education to the doorsteps of the poor in what would be an expanded version of his pioneering Super 30 initiative," Kumar said. Maintaining that

Raveendran says firm's priorities remain with existing shareholders

The National Company Law Tribunal (NCLT), Bengaluru Bench, on Thursday declined to grant a stay on the extraordinary general meeting (EGM) on March 29 called by 'Think and Learn', owner of the Byju's brand. The EGM was called to increase the authorised share capital of the embattled edtech firm, following the recent USD 200 million rights issue. A group of four investors of Byju's has filed an oppression and mismanagement suit against the management of the company before the NCLT, Bangalore Bench, seeking to oust the founders, including CEO Byju Raveendran, and appoint a new board. On Thursday, the Karnataka High Court said that it will deliberate on the case involving the investor group's efforts to oust Raveendran only after two months. Besides, the suit filed by the group of investors also sought to declare the just-concluded rights issue as void. The petition has been signed by four investors Prosus, General Atlantic, Sofina, and Peak XV along with support from other ...

More than 60 per cent of shareholders of edutech Byju's on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as "invalid". Prosus - one of the six investors who had called the extraordinary general meeting (EGM) - in a statement said "shareholders unanimously passed all resolutions put forward for vote. "These included a request for the resolution of the outstanding governance, financial mismanagement and compliance issues at Byju's; the reconstitution of the board of directors, so that it is no longer controlled by the founder of T&L; and a change of leadership of the company." Raveendran and his family stayed away from the EGM, calling it "procedurally invalid." However, the outcome of the vote at the EGM will not be applicable until March 13, when the Karnataka High Court will next hear

A group of four investors of Byju's has filed an oppression and mismanagement suit against the management of the company before the Bengaluru bench of the NCLT, seeking declaring of founders, including CEO Byju Raveendran, as unfit to run the company, and appointing a new board. Besides, the suit has sought declaring the just concluded rights issue as void. Investors, who are seeking the ouster of Raveendran and family from the Byju's board at an extraordinary general meeting of shareholders for alleged "mismanagement and failures" at what was once India's hottest tech startup, have also sought a forensic audit of the company in the plea filed before the National Company Law Tribunal (NCLT) on Thursday evening, according to a court filing. As per the filing, the investors have sought declaring the present management as unfit to run the company and appointing of a new CEO and a new board. The plea also wants a forensic audit and a direction to the management to share information wit

The Physics Wallah app has 2 million users logging in daily and spending 80 minutes

Edtech major Physics Wallah on Monday said its Founder Alakh Pandey has waived off fees for 51,000 underprivileged students for the 2023-24 academic year. The fee waiver was given for various courses spanning NEET, JEE, commerce, arts, and standard 9-12 coaching, under the company's Right to Education programme, the company said in a statement. "Physics Wallah's Founder and CEO, Alakh Pandey has given a full fee waiver on some of its paid batches to 51,000 students for the academic session 2023-2024 to support those from economically weaker sections of society," it said. The total cost amounting to the contribution in terms of waiving the fee is over Rs 17 crore, as per the statement. "We aim to encourage them and provide hope that we stand by them, and financial constraints won't hinder their Right to Education," Pandey said.

Edtech major Think and Learn Pvt Ltd, which operates under the brand name BYJU'S, on Friday said investors have no voting rights on the CEO or management change as per the shareholder's agreement. At least six BYJU's investors have called for an Extraordinary General Meeting (EGM) to address issues at the edtech major and oust founders from having control over the firm. "Think & Learn Pvt Ltd has noted with sorrow, statements from a select few investors calling for an EGM to replace founder and group CEO Byju Raveendran. Under these unfortunate circumstances, we would emphasise that the shareholder's agreement does not give them the right to vote on CEO or management change," the company said in a statement. The investors led by Dutch investment firm Prosus in the EGM notice requested the resolution of the outstanding governance, financial mismanagement and compliance issues and the reconstitution of the Board of Directors. "The resolutions being put forward for the EGM to ...

'We are deeply concerned about the future stability of the company under its current leadership and with the current constitution of the Board,' the shareholders said in a statement

The deadline to re-register for Bachelors and Master online and distance learning courses at the Indira Gandhi National Open University without the late fee was January 29, 2024

The Oxford University has terminated its deal with Tata Consultancy Services (TCS) after students experienced technical glitches while taking online admission test for the institution. "Following the technical problems experienced by some candidates during the delivery of this year's online admissions tests by a new provider, TCS will not be involved in the delivery of Oxford admissions tests going forward," a spokesperson for the university said. Thousands of students from across the world appear for test to get admitted to Oxford every year. The university offers undergraduate and postgraduate programmes through 30 colleges across the UK. Prominent Indians who studied at Oxford include former prime ministers Indira Gandhi and Manmohan Singh. In April 2023, the UK-based institution selected TCS iON, the learning and assessments-focused unit of TCS, for conducting the admission tests, replacing Cambridge Admissions Assessment Testing. The university attributed complaints by candida

The company has taken various measures to improve the company's operating financial conditions including scaling down the underperforming businesses significantly

Subsidiaries WhiteHat Jr, Osmo contributed to 45% of losses