Rakesh Ranjan, former CEO of Zomato’s core food delivery business, has been appointed as the new CEO of Allen Online, the digital arm of India’s leading test preparation institute, Allen Career Institute. The announcement comes shortly after Abha Maheshwari, a former Meta executive who had been leading Allen Online since 2023, stepped down from the role.
Ranjan officially exited Zomato earlier…
Leap Raises $65 Million to Revolutionize Global Education Access
Leap, a Bengaluru-based platform that’s changing the way students access international education, has just raised $65 million in its Series E funding round. This major investment, led by Apis Growth Markets Fund III and Apis Global Growth Fund III, brings the total funding raised by the startup to over $200 million.
With this new…
In a bold move, PhysicsWallah, one of India’s leading edtech platforms, has officially become a public company. The company’s board recently approved the transition from PhysicsWallah Private Limited to PhysicsWallah Limited, signaling the start of its preparations for a much-anticipated Initial Public Offering (IPO) set for 2025.
This change marks a new chapter in the growth of the edtech…
Unacademy CEO Clarifies: “We’re Not Selling or Merging!”
Unacademy’s CEO, Gaurav Munjal, has responded to recent rumors about a potential acquisition by Allen Institute. In a series of posts on X (formerly Twitter), he firmly denied the claims, stating that Unacademy is not considering any sale or merger. The statement came just days after reports suggested that the two edtech giants were…
A Success Story in E-Learning: Jaro Education
Mumbai-based Jaro Education is on the brink of a major transformation as it files its Draft Red Herring Prospectus (DRHP) for a promising Initial Public Offering (IPO) aimed at raising INR 570 crore. Founded in 2009 by first-generation entrepreneur Sanjay Namdeo Salunkhe, Jaro has emerged as a leader in the e-learning space, specializing in…
Adda247, the Google-backed edtech startup, has announced its latest acquisition of PrepInsta, a platform dedicated to placement preparation. This move marks Adda247’s fourth acquisition in recent years, as it aims to position itself as a comprehensive provider of job-focused education and skilling programs for both public and private sector opportunities.
A Growing Edtech Ecosystem
With this…
Edtech unicorn Physics Wallah (PW) has successfully raised $210 million in its latest Series B funding round, which was led by Hornbill Capital. This substantial investment marks a significant leap for the startup, bringing its post-money valuation to an impressive $2.8 billion. The funding round also included participation from Lightspeed Venture Partners and existing investors such as GSV and…
Indian tax officials are seeking $101 million from Byju’s, an education-technology company now facing insolvency. Once valued at $22 billion in 2022, Byju’s, supported by General Atlantic, has encountered significant financial troubles due to regulatory challenges and a dispute with U.S. lenders demanding $1 billion in unpaid debts.
Currently managed by court-appointed resolution professional…
Mumbai-based ed-fintech startup Invest4Edu has successfully raised $3 million in a seed funding round led by prominent family offices. The startup specializes in providing education planning, saving, and investment services, and plans to use the new funds to accelerate its growth and enhance its impact in early education planning and financial support.
Founded in 2021 by financial industry…
