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Venturi Partners invests $27 million in Peak XV-backed K12 Techno
Venturi Partners acquired a 5.12% stake in K12 Techno Services from Navneet Learning, operating Orchids international schools. The firm invests from its $180 million maiden fund in companies like Livspace, Country Delight, and Pristyn Care.
Amid green push, professionals rush to arm themselves with ESG skills
Edtech firms seeing strong demand for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses
Edtech startup Scaler lays off 150 staffers across marketing, sales functions
Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.
Investor funding in edtech drives behaviour which is not good for industry: Byju's Aakash CEO
Byju's AESL's CEO Deepak Mehrotra raised concerns about investor-driven behavior in edtech, emphasizing the inadequacy of digital tools for medical and engineering aspirants. He highlighted the need to address new learners' requirements and discussed industry challenges and his background.
Physics Wallah shrugs off profit drop, plans more offline centres
Chief executive Alakh Pandey told ET that the offline business at Physics Wallah now contributes 40% of total revenue although it accounts for only 5% of its student base and the company is aiming to take the revenue share to about 45%.
Edtech startup Classplus named in cheating, forgery case by Abhinay Maths
A first information report – also accusing Tiger Global-backed Classplus of forgery and fraud – was lodged at Delhi’s Hauz Khas Police Station on March 9. ET has seen a copy of the FIR.