Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. Illustration: Dominic Xavier/Rediff.com This move is being seen as part of a......

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

At a time when there is a growing number of edtech companies laying off employees in a bid to conserve cash and focus on profitability amid a funding winter, Ronnie Screwvala-led upGrad is......

Vedantu lays off 424 employees as it expects a scarcity of capital

Edtech unicorn Vedantu has laid off 424 employees, about 7 per cent of its workforce, according to a blog post shared by the Bengaluru-based firm. Illustration: Dominic Xavier/Rediff.com This......

At $14 billion, venture capital fund exits soared 10x in 2021

Three marquee exits accounted for nearly 60 per cent of the total exit value -- BillDesk’s acquisition by PayU for $4.7 billion, Paytm’s $2.5 billion initial public offering (IPO), and......