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Article on September 08, 2022

Ronnie Screwvala-Backed Edtech Firm Lido Learning Files For Bankruptcy

Edtech startups like Unacademy and Vedantu have also let off employees in recent months. LEAD, which recently entered the unicorn club after collecting $100 million, was the latest edtech business to lay off employees earlier this month.

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Aris Infra Acquires Majority Stake In Bengaluru-Based Unitern Advisors

The stake purchase has been a combination of stock and cash

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Akshayakalpa Organic Bags $15 Mn In Series B Round From BII, Others

Akshayakalpa plans to aggressively invest in Bengaluru, Chennai, and Hyderabad markets, expand into new geographies of Pune, Mumbai and Kochi

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Edtech Platform Online Live Learning Secures $115K In Seed Round

The brand plans to utilise funds to scale the school and teacher network pan India. A part of the investment will also be directed to talent acquisition

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Powerplay Raises Another Round Of Funding From Accel and Sequoia

This is the second funding in the last 13 months, the start-up will be using the funds to scale its core business

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Edtech Firm Scaler Plans To Recruit Over 600 Employees

The company is eyeing to expand its workforce by 35 per cent to keep up with the organisation's growing needs

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VsnapU Bags INR 2 Cr In Seed Round Led By IPV

The funds received will be used for technological advancement, business innovation and expansion, and procuring more contracts and team expansion

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Softbank-Backed Sense Acquires AI-Based Recruitment Firm Skillate

In addition to expanding Sense’s AI matching to integrate candidate matching by skill, education, and experience, this acquisition brings AI powered Talent Engagement to Sense’s customers

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ZippMat Secures $10 M As Equity And Debt Fund

Zippmat raises funds $10M to expand and digitize their supply chain network

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Sequoia Introduces Pathfinder To Assist Early-Age Startups

The company has tied up with six startups as part of the Pathfinders platform. Furthermore, it is looking to extend this across to Series A startups from a seed portfolio investment.

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