The edtech startup Adda247 reported Rs 61.5 Cr in revenue but 90% more losses in FY22.

The edtech business Adda247 just raised $35 million from WestBridge and saw a 68% increase in scale in FY22. Similar to other growth stage startups, the company was able to boost its topline significantly despite rising costs. According to the company’s annual financial records filed with the Registrar of Companies, Adda247’s revenue from operations increased […]

Read More

The Kerala-based edtech startup Eight Times Eight raises $5 million in pre-seed funding

Six Kerala-based international-level chess players who are college students founded the edtech startup “Eight Times Eight” in 2020, and the company raises $5 million in pre-seed funding. The startup co-founders have all represented India in international events. In September 2021, they started working full-time. Reportedly, the funding will be used to accelerate product development, scale […]

Read More

Edtech Unicorn PhysicsWallah Expands its NEET Prep and Study Materials Verticals with Two New Acquisitions

Edtech startup Physics Wallah, which recently became a unicorn, has acquired PrepOnline, an online learning platform for the National Eligibility Cumulative Entrance Test (NEET), and Altis Vortex, a publisher of exam preparation books. However, the acquisition amounts were not disclosed. Alakh Pandey founded PhysicsWallah (PW) in 2016 and was later joined by Prateek Maheshwari during […]

Read More

Ronnie Screwvala-backed Edtech Startup Lido Learning files for bankruptcy, 6 months after asking over 1,200 staffers to quit

Another fledgling company is struggling to gain traction. Lido Learning, an edtech startup that once thought about merging, has filed for bankruptcy because it doesn’t have enough money to pay its teachers and former employees. Sahil Sheth is the Founder and Chief Executive Officer of Lido. Lido Learning, founded in 2019, provides live online tuition classes […]

Read More