As many as 1000 people could lose their jobs as part of its latest cost-cutting drive. (Bloomberg)

Byju’s to Cut Staff as Cash Flow Tightens

Adarsh V.KJune 9, 23byju's, Jobs, Layoffs

Byju’s, the biggest ed-tech firm in India, is reportedly planning to terminate the employment of 1000 individuals, following a previous layoff of 5000 employees just six months ago. The Morning Context, as cited by the Economic Times, revealed that Byju’s has 280 tuition centers nationwide, and its marketing managers have been instructed to release two individuals each from sales and marketing. Additionally, approximately 150 marketing managers are anticipated to be let go, as the company aims to reduce expenses and streamline its operations. The news comes after the ed-tech startup…

BYJU's co-founder Divya Gokulnath told PTI that implementation of AI is not meant to replace teachers but to generate efficiency in the organisation and help teachers focus on better placed tasks. (Bloomberg)

BYJU’S Introduces Generative AI to Assist Students, Assures No Substitution of Teachers

Febin MathewJune 9, 23AI, Artificial Intelligence, byju's

BYJU’s, a leading edtech company, announced on Wednesday that it has incorporated generative artificial intelligence into its learning modules. The company emphasized that this technology is not intended to replace teachers. The company has introduced a new set of three AI models to BYJU’s WIZ suite – BADRI, Math GPT and TeacherGPT – to understand students’ learning patterns and develop methods to help them learn better. Divya Gokulnath, co-founder of BYJU, told PTI that the introduction of AI is not meant to replace teachers, but to enhance the organization and…

Byju Raveendran, founder of Byju. (MINT_PRINT)

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Byju raises 200 million in funding from BlackRock T Rowe

Nitin MisraNovember 23, 20byju's

According to sources, Byju’s raised $ 200 million in a new round of funding that raised the company’s valuation to $ 12 billion. The sources said private equity players BlackRock and T Rowe Price were participating in the new round. Byju’s (Think & Learn Pvt Ltd) declined to comment, while comments from BlackRock and T Rowe Price could not be obtained immediately. Byju’s has raised significant capital this year. In June, Byju’s had raised funds from global technology investment firm BOND, while in February, it had raised about $ 200…