From Government Job to Entrepreneurship – The Story Behind GIGL India

GIGL – Great Ideas Great Life, isn’t just another EdTech company; it’s a movement reshaping the landscape of education and accessibility in India. GIGL has more than 33 lakh users with a 4.8 ★ rating given by 1,55,000+ users.  GIGL was started by Hemant Pant. Before that Hemant worked as an S.D.O in Himachal Pradesh for 5 years after completing…

Byju’s Plans to Raise $200 Million Through Right Issue

Three points you will get to know in this article: Byju’s, the leading Edtech company, is in the process of securing $200 million through a rights issue extended to all its equity shareholders. This strategic move coincides with the company’s ambitious goal of initiating a more substantial equity fundraising round. The intended rights issuance by TLPL is designed to bolster…

upGrad’s KnowledgeHut CEO Subramanyam Reddy Resigns

Three points you will get to know in this article: Subramanyam Reddy, the visionary behind Knowledgehut, an edtech company now under the upGrad umbrella, has gracefully stepped down from his role as founder and chief executive, marking the end of an impressive 13-year tenure with the organization. Sources reveal that Reddy tendered his resignation just last month and is presently…

PhysicsWallah Achieves 3.4X Revenue Growth and Profitability Surge in FY23

Three points you will get to know in this article: In the fiscal year 2023, the EdTech giant PhysicsWallah demonstrated commendable profitability, witnessing a remarkable 3.4X surge in its total revenue, reaching Rs 798 crore, as disclosed by the financial data provided by the Noida-based company. Throughout the fiscal year concluding in March 2023, the firm experienced a substantial rise…

BYJU’S Responds to ED Show Cause Notices, Describes Them as Technical

Three points you will get to know in this article: BYJU’S, the prominent edtech decacorn, responded on Wednesday (November 29) to show cause notices from the Enforcement Directorate (ED), describing them as ‘purely technical’ and expressing confidence in effectively addressing the issue. ED Queries and BYJU’S Compliance In an official statement, the company clarified that the ED’s inquiries mainly stem…

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