Genius Group Limited (GNS) saw its stock value jump by 20% in pre-market trading on Wednesday following the company’s announcement to embrace Bitcoin as its primary treasury asset. The Singapore-based Edtech company plans to allocate 90% of its reserves to Bitcoin, sparking investor enthusiasm and driving up share prices.
The Board of Control for Cricket in India (BCCI) has requested an urgent hearing to withdraw its insolvency case against edtech giant Byju’s. The plea follows the Supreme Court’s decision to overturn a previous settlement and reinstate insolvency proceedings. This development further complicates the already complex financial crisis surrounding Byju’s, with creditors vying for control and investigations into the company’s finances ongoing.
Indian edtech startups are revolutionizing the online education landscape by shifting from standalone courses to co-branded degrees with prestigious domestic and global institutions. These online degrees, focusing on high-demand fields like AI, ML, and data science, are attracting students seeking job-relevant skills while providing universities with new revenue streams. However, the sluggish employment market and rising costs have raised concerns about the future of this trend.
Unacademy CEO Gaurav Munjal faced backlash on social media after announcing a ‘zero appraisal’ policy while wearing a luxury t-shirt. This decision came weeks after the ed-tech company laid off 250 employees, prompting criticism for the perceived disconnect between his words and actions. Social media users expressed anger at the lack of appreciation for employees, highlighting the timing of the announcement and Munjal’s choice of attire.
India’s edtech giant Byju’s, facing financial struggles, will challenge insolvency proceedings initiated by the Board of Control for Cricket in India (BCCI) over unpaid sponsorship dues. The move comes after a court ordered insolvency proceedings against the company due to its failure to pay $19 million to the BCCI. Byju’s is attempting to block the insolvency process while simultaneously engaging in settlement talks with the cricket board.
Sydney will host the EduTECH Congress and Expo from 2025-2027, generating an anticipated $24 million in direct expenditure for the NSW economy. The event will showcase the latest technology and trends in EdTech, attracting over 10,000 academics, training providers, and innovators.
Airasia Academy, the digital edtech venture of Capital A, has rebranded as Outclass, a next-generation learning experience platform aimed at empowering individuals and organizations with personalized learning experiences to bridge the tech skills gap and prepare for the evolving workforce.
India’s once most valuable startup, Byju’s, has been struggling financially and facing delays in salary payments. The National Company Law Tribunal (NCLT) has ordered the company to pay salaries regardless of access to funds raised through a rights issue, threatening an audit by ICAI if they fail to comply. The delay is attributed to funds being tied up in escrow and lawsuits from vendors.
Gaurav Munjal, Co-founder and CEO of Unacademy, criticized Byju Raveendran, founder of Byju’s, for failing to listen to advice and isolating himself. He attributed Byju’s struggles to this leadership style, emphasizing the importance of seeking feedback and understanding unit economics. Meanwhile, Prosus, a global investment firm, wrote off its investment in Byju’s, recording a significant loss.
Echo360, the leading provider of SaaS platforms for creating, delivering, and measuring learning engagement outcomes in any learning environment, has announced a major partnership with Abeka Publishing to deliver EchoExam™ assessments through Abeka textbooks to thousands of K12 schools and students worldwide.
