Edtech Startup News

Lido has failed to repay debts and has fallen behind on payments to former employees. Employees received a full and final (F&F) settlement letter from Lido and verbal assurances from HR that their salaries would be paid by the end of June. Lido Learning's bankruptcy filing comes at a time when startups in India are increasingly showing signs of distress.

Munjal says that the SoftBank-backed company has Rs 2,800 crore in the bank. Management and founders had already accepted wage cuts and closed down operations that are not meeting expectations. Munjal had cautioned employees in May to labour under 'constraints,' citing risks of a 'financial winter.'

VC money is disappearing amid economic slowdown At least 20,514 people have lost their jobs at tech startups globally since April The VC firms are advising startups to focus on sustainable growth

StockDaddy will use the funds to open centres in the capital cities of all 29 states, improve technical infrastructure, and hire more team members. In 2021, they completed 3 investment rounds in million dollars (undisclosed amount).

Since its inception in 2015, upGrad has been 100 percent owned, funded, and run by its co-founders as a capital-efficient business. The company will also pursue merger and acquisition (M&A) opportunities, expand graduate and post-graduate degree portfolio in India, and scale up operations to achieve its USD 2 billion revenue goal by 2026, it added. The platform has impacted over 1 million total registered learners in over 50 countries.

Selected candidates will undertake a nine-month course. Classes run by leading technologists. Selected candidates to take one-on-one sessions with India's leading software professionals.