edtech

Online courses contributed 6.9 billion rupees (US$73.3 million) in revenue, while the offline segment added 5.4 billion rupees (US$57.1 million).

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ByteXL said 7,600 graduates were placed in information technology and engineering roles last year.

Arivihan said it will use the capital to enter more states, expand in Madhya Pradesh, Uttar Pradesh, Rajasthan, and Bihar.

Unacademy CEO Gaurav Munjal will remain at the helm after the acquisition.

Online revenue increased 39% to 19.5 billion rupees (US$204 million), and offline revenue grew 31% to 17.7 billion rupees (US$186 million).

Byju Raveendran was sentenced for contempt after finding he had violated multiple orders related to his assets dating back to April 2024.

The disclosure came as the company seeks approval from the Competition Commission of India to acquire India-based edtech firm Unacademy.

The layoffs hit product and content teams, while the company said it made structural changes across the organization.