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News on Medial
Edtech firms turn to hybrid models to ace business sustainability test
Economic Times
·
7m ago
Medial
The edtech sector is recovering from significant challenges, including Byju’s downfall, by adopting sustainable practices and focusing on tangible results. Funding has improved, with investments nearly tripling to $608 million in 2024, though still below 2022 levels. Companies are emphasizing hybrid models, combining online accessibility with offline personalization. AI is reshaping the industry by enhancing personalized learning and content creation. Overall, the sector anticipates growth and innovation, driven by increased investor confidence and AI potential.
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GCCs, small companies see an opening in WFO rules
Economic Times
·
3m ago
Medial
Many employees at major IT services firms are seeking flexible work-from-office arrangements due to long commutes and personal responsibilities. This demand has led some to leave for smaller companies or GCCs offering remote or hybrid work models. While top firms like Infosys have adopted hybrid policies, there's heightened interest in flexible roles amid low salary hikes and WfO mandates. Smaller firms view this trend as an opportunity to attract experienced employees seeking work-life balance.
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‘Indian edtech ecosystem to see further integration of traditional models’
Livemint
·
6m ago
Medial
The Indian edtech sector is evolving to integrate traditional education approaches with technology, moving beyond the pandemic-induced boom. While industry giants like Byju’s face challenges, the sector is shifting toward hybrid models and partnerships with traditional educators. GSV Ventures sees the market maturing, focusing on segments like upskilling, pre-K education, and AI integration. Despite a slowdown in investments, the potential for innovation and large player emergence remains significant in the Indian edtech landscape.
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Profitability means PAT: Oxyzo’s Ruchi Kalra
Money Control
·
2y ago
Medial
Ruchi Kalra, co-founder of Oxyzos, emphasizes the significance of profitability in business, stating that "adjusted" profits hold no real meaning. She stresses the importance of focusing on the bottom line and generating a positive PAT (Profit After Tax) figure. Kalra emphasizes that true profitability is essential for the sustainability and success of startups, rather than relying on adjusted metrics. Kalra also said that generating cash in B2B business models is easier, taking a contrarian view as many venture capital firms do not consider it an attractive business model.
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Indian edtech companies eye larger offline play in post-pandemic world
Economic Times
·
2y ago
Medial
Indian edtech companies are looking to expand their presence in the offline education space in a post-pandemic world, according to The Economic Times. While the online learning sector saw significant growth during the pandemic, edtech firms are now focusing on a larger offline presence to complement their digital offerings. This move aims to provide a more holistic and blended learning experience, catering to diverse learning preferences. The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.
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Edtech firms bet on upskilling, higher education amid funding gloom
Livemint
·
1y ago
Medial
The Indian edtech industry is expected to see more investments in upskilling, higher education, and test preparation sectors, driven by strong demand. Despite a funding downturn caused by the pandemic, investors and experts remain optimistic about the sector's growth potential. Companies like Upgrad and Emeritus, with their lucrative business models and focus on income orientation, present attractive opportunities. Although the sector faced challenges in the past year, including funding cuts and cautious investor sentiment, it remains ripe for growth due to the preference for digital-first learning and the integration of artificial intelligence into education. However, K-12 education continues to struggle due to offline-online-offline shifts.
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IT firms may need to up hiring to retain edge as GCCs come fishing
Economic Times
·
4m ago
Medial
In response to rising attrition rates driven by global capability centres (GCCs), IT services companies are increasing their hiring efforts. GCCs significantly boosted recruitment, drawing talent from IT services firms, prompting companies like Tata Consultancy Services and Infosys to commit to hiring thousands of freshers. Despite higher costs, lateral hiring remains necessary to fill billable roles. Companies are also exploring remote and hybrid models to access talent from tier-2 cities and international markets.
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Amid green push, professionals rush to arm themselves with ESG skills
Economic Times
·
1y ago
Medial
Indian professionals are increasingly enrolling in edtech platforms to upskill themselves in green technology and sustainability. Courses related to ESG reporting, climate technology, carbon accounting, and lifecycle analyses are in high demand, with engineers and product managers also seeking knowledge in climate tech and reducing emissions. The demand is not limited to early-to-mid-career professionals transitioning to sustainability jobs, but even C-suite leaders who need a strong understanding of ESG and sustainability to drive responsible decision-making. Edtech platforms such as Coursera, Emeritus, UpGrad, and Terra.do are witnessing significant growth in their learner base and are planning to expand their course offerings in sustainability innovation and circular economy concepts.
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Edtech firms must work out a code of conduct, says TV Mohandas Pai
Livemint
·
1y ago
Medial
Edtech companies need to focus on their revenue models and the value they provide, according to investor TV Mohandas Pai. He also suggested that the sector should form an association to establish a code of conduct and ensure self-regulation. Pai emphasized the importance of good corporate governance, including having independent directors. Despite a surge in funding for Indian edtech firms during the pandemic, investment in the sector has dropped since then. Pai also mentioned that his venture-capital fund, Aarin Capital, is in the divestment phase after making several successful investments.
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Reliance NU launched: Mayank Bansal and Rakesh Swaroop to helm Anil Ambani group’s renewable energy arm | Company Business News
Livemint
·
8m ago
Medial
Reliance Power has announced the establishment of its renewable energy business, Reliance NU Energies. The subsidiary aims to develop clean, affordable, and reliable energy solutions to meet the growing demand for sustainability in India and globally. Mayank Bansal has been appointed CEO of Reliance NU Energies, while Rakesh Swaroop has been appointed COO. The company will focus on solar, wind, hybrid systems, and advanced energy storage. Reliance Power's move aligns with India's target of achieving 500 gigawatts of non-fossil fuel capacity by 2030 under the Paris Agreement.
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upGrad partners with Seed Group to drive AI-powered learning and upskilling in MENA
YourStory
·
4m ago
Medial
Edtech firm upGrad partnered with UAE's Seed Group to enhance AI-powered learning and upskilling in the MENA region. This collaboration aims to expand upGrad's global reach and address the region's demand for advanced technology skills. upGrad's CEO highlighted growing recognition of AI's role in business. The partnership will focus on delivering industry-relevant education, bridging skill gaps, and boosting Dubai's digital economy, leveraging Seed Group's expertise in market entry and sustainability in MENA.
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