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Byju’s-owned Aakash’s former CEO launches new edtech startup Sparkl | Company Business News
Livemint
·
6m ago
Medial
Former CEO of Aakash, Aakash Chaudhry, has launched a new edtech venture called Sparkl, an AI-powered online tutoring platform focused on grades 6 to 12 for IGCSE and IB curricula. The platform has raised seed funding from Rainmatter and plans to allocate the funds towards hiring top talent, investing in technology, and marketing efforts. Chaudhry's return to the edtech sector comes after a challenging period for the industry, and his departure from Aakash, which was acquired by Byju's last year. Sparkl aims to offer affordable online one-on-one tutoring with intermittent offline seminars.
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Former UpGrad CEO Arjun Mohan returns to Byju’s
Economic Times
·
2y ago
Medial
Arjun Mohan, the CEO of upGrad, a prominent Indian edtech startup, is returning to BYJU'S as the International Business Head. Mohan had joined upGrad in 2019 and played a significant role in the company's growth. His return to BYJU'S indicates the company's focus on expanding its international presence and strengthening its position in the global edtech market.
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BYJU’S forms advisory council, appoints Mohandas Pai and Rajnish Kumar
Business Today
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2y ago
Medial
Edtech major BYJU’S has formed a new advisory council. It has appointed former Infosys chief financial officer TV Mohandas Pai and former State Bank of India chairman Rajnish Kumar as its council members. The council will play an important role in mentoring and advising the BYJU’S team including CEO Byju Raveendran, a statement from the company revealed.
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Deepinder Goyal, Nithin Kamath invests $4 mn in Sparkl Edventure
Inshorts
·
6m ago
Medial
Aakash Institute founder Aakash Chaudhry's new venture Sparkl Edventure has reportedly raised $4 million in seed fundraise from Zerodha CEO Nithin Kamath's Rainmatter Foundation and Zomato Founder Deepinder Goyal. The equity round was raised just months after Sparkl Edventure launched its platform in October. The company plans to close the round in January 2025.
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Byju’s forms executive committee for new leadership at Aakash after exit of CEO, CFO
Economic Times
·
1y ago
Medial
Byju's-owned test prep subsidiary, Aakash Education (AESL), has formed an executive council to appoint a new CEO after the exit of its former CEO Abhishek Maheshwari and CFO Vipan Joshi. The executive council includes Byju Raveendran, CEO of Byju's, and other key figures from the organization. This development comes amid shareholder tensions and negotiations with investment fund Davidson Kempner over a credit line. Byju's has been pushing for Aakash promoters to complete a share swap for a deal announced two years ago.
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Yatish Talvadia launches Anmasa, a D2C grocery brand
Inshorts
·
3m ago
Medial
Former Milkbasket cofounder and CEO Yatish Talvadia launched a new venture, D2C grocery brand Anmasa. Talvadia has cofounded the startup with Shailendra Upadhyay, the former founder of grocery delivery platform Veggie India that was acquired by Milkbasket in 2019. Anmasa started its operations in 2024.
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Hero Vired Ropes In MakeMyTrip Executive Prakhar Kasar As CEO
Inc42
·
11m ago
Medial
Hero Vired, the online education company owned by the Hero Group, has appointed Prakhar Kasar as its CEO. The move comes at a time when the Indian edtech sector is experiencing a funding crunch, with investments dropping significantly in 2023. Hero Vired, which was established in 2021, offers online certification programs in technology and business fields. Kasar, a former executive at MakeMyTrip, will play a key role in driving growth and competition in the online education market.
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7 Big Questions For BYJU’S Ahead Of The All-Important EGM
Inc42
·
1y ago
Medial
BYJU'S, the edtech giant, is facing an extraordinary general meeting (EGM) where shareholders are seeking changes in leadership and the board. The management, including CEO Byju Raveendran, is facing pressure from investors who have raised concerns about financial mismanagement, value erosion, unpaid dues, and breaches of obligations to shareholders. The EGM will determine if CEO Raveendran will be ousted and if a new board and management team will take over. Regardless of the outcome, this EGM could have significant implications for BYJU'S and the Indian startup ecosystem.
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Former Unacademy executive Vivek Sinha nets $11 Mn for his new Edtech Venture
Inc42
·
1y ago
Medial
Former Unacademy executive Vivek Sinha has raised $11 million in funding for his new edtech startup. The funding round included participation from Lightspeed Venture Partners, Matrix Partners, and angel investors such as OYO CEO Ritesh Agarwal and Unacademy CEO Gaurav Munjal. Sinha's startup, focused on the upskilling sector and supporting the healthcare industry, remains undisclosed in its name. Sinha left his position as COO of Unacademy in August and is actively seeking more angel investors for the funding round.
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Business As Usual At BYJU’s, Co’s Comeback Inevitable Now: Byju Raveendran
Inc42
·
1y ago
Medial
BYJU'S CEO, Byju Raveendran, has reassured employees that it is business as usual at the edtech giant, following the recent extraordinary general meeting (EGM) held by investors. Raveendran stated that he remains the CEO and that the management and board remain unchanged, despite investors passing resolutions calling for his removal. He also mentioned the ongoing $200 million rights issue, which has received an overwhelming response. Raveendran stated that the company's comeback is now inevitable.
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Byju’s launches AI models amid financial woes; eyes cost efficiency, better outcomes
Money Control
·
2y ago
Medial
Amidst financial challenges, edtech startup BYJU'S has introduced AI models to improve cost efficiency and educational outcomes. The AI-powered solutions aim to enhance personalized learning experiences for students and optimize resource allocation. By leveraging technology, BYJU'S aims to overcome financial hurdles while providing quality education. The move reflects their commitment to innovation and addressing the evolving needs of the education sector.
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