Start-up's device assists people with no cooking experience by listing recipes, nutrition information
CEO Gaurav Munjal apologises to staff, says market challenges forced relook at commitment of no layoffs
With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions
Lido Learning's board of directors has passed a special resolution to file an application under section 10 of IBC, 2016
Heavy rainfall in Bengaluru continued to affect people's lives in the Silicon City, forcing the authorities to press tractors and boats into service to wade through the inundated roads
Unacademy recently said that it has been focusing on frugality as its core value
CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs
"No layoffs. We have moved some team members to other Businesses of the Group though. Team worked really really hard to ensure that we find a role for everyone," Munjal tweeted.
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
The Centre should privatise all PSBs, except the State Bank of India, a report by NCAER said. Read more on these in our top headlines
Founders have already taken salary cuts and this would be applied to the management as well
There will be no business class travel for any employee including top founders and top management and dedicated drivers for top executives will also be removed, says CEO
Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup
Several are adopting a hybrid model of offline and online education to stay afloat, as students head back at school and colleges post pandemic
Sharma will be responsible for formulating new avenues of growth for the digital and hybrid models for the test prep business
Edtech platform Unacademy on Saturday said that a small fraction of its workforce (2.6 per cent) has been asked to go as part of performance improvement programme (PIP)
Calls meeting to discuss complaints against edutech firms
Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".
After two boom years, it is struggling with falling demand but exploring hybrid models as a way out
Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees