EDTECH
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
The recovery followed a disruption to the admission cycle after the NEET UG (National Eligibility cum Entrance Test - Undergraduate) results were delayed till July 16. Although online enrolments for the medical entrance examination grew over 30% in the September quarter, the company said admissions and collections for the full admission cycle remained below last year.
AI innovation in sports: Technology driving the next phase of sports development
Artificial intelligence is creating new opportunities across the sports ecosystem, from performance analysis and sports administration to technology development and wider participation. The ET AI Awards 2027 recognises organisations, technology providers and initiatives advancing the application of AI in sports through its AI Innovation in Sports category.
India’s product landscape is changing: Which products are setting the benchmark across technology, finance, and consumer markets?
The ET Product of the Year Awards 2026 showcase India's rapidly growing product ecosystem by honoring groundbreaking innovations across diverse sectors such as enterprise technology, financial services, and consumer markets. These awards place emphasis on products that have made a significant market impact, gained customer adoption, and demonstrated exceptional innovation, motivating companies to present their tangible successes and contributions to the industry.
UPSC Success Stories: He cracked AIIMS at 16, cleared UPSC at 22, and left IAS at 24 to build a nearly ₹2,000 crore startup
At just 16, Roman Saini achieved a remarkable feat by clearing the AIIMS entrance examination, and later, he conquered the UPSC Civil Services Examination. Along with his co-founders, he launched Unacademy, a platform dedicated to democratizing education. What began as a YouTube channel has transformed into a valuable online learning hub, boasting a valuation of ₹1,700 crore to ₹1,897 crore following its acquisition by upGrad.
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
PhysicsWallah, an Edtech company, achieved a considerable increase in net profit for the September quarter. The consolidated net profit rose to ₹143.63 crore, more than double the amount from last year. Revenue from operations also experienced an 18% increase, reaching ₹1,242.26 crore compared to the previous year. The company benefitted from stronger online enrolments and improved cost efficiency amid a slowdown in medical coaching.
Lenskart, Nykaa, PhysicsWallah see Q2 profits surge
New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.
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Google hands schools the AI switch as learning concerns grow
Google plans to restrict access to its AI tools for K-12 students, pending administrator approval. This change follows feedback aimed at enhancing control over classroom AI usage. The company is also expanding its Guided Learning feature, which helps students solve problems systematically. Research shows mixed results regarding AI's impact on student performance and learning outcomes.
ET Product of the Year Awards 2026: Categories recognising products driving market impact
The Economic Times Product of the Year Awards 2026 celebrate cutting-edge innovations that make a substantial difference in the market and attract customer loyalty across diverse industries. Categories feature Enterprise SaaS, FinTech, Cybersecurity, as well as consumer goods such as banking solutions and smartphones. Judging criteria prioritize market presence, adoption rates, creativity, and execution excellence, with an emphasis on quantifiable achievements.
Unacademy founders plan AI fund; Flipkart’s premium push
Happy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.
58% of engineers want FDE roles, but 90% lack upskilling roadmap: Report
A report reveals that nearly 58 percent of engineers desire to transition into forward-deployed engineering roles. Despite this interest, nine in ten engineers are not aware of pathways for upskilling. Furthermore, most engineers feel unclear about the FDE role and career advancement opportunities. Indian enterprises are anticipating a growing demand for FDEs by 2030, particularly in multinational companies.
Edtech UpGrad’s net loss halves to Rs 131 crore in FY26, revenue rises 7.5%
Revenue from operations rose 7.5% to Rs 1,687 crore from Rs 1,569 crore a year earlier, according to the company's audited consolidated financial statements, filed with the Registrar of Companies (RoC). In FY25, UpGrad had reported a net loss of Rs 274 crore.
How Byju’s parent funded Aakash rights issue; Zetwerk IPO fully subscribed
Happy Dussehra! Byju’s parent used money repaid by Great Learning to back Aakash’s rights issue. This and more in today’s ETtech Morning Dispatch.
Byju's parent uses Great Learning loan repayment to fund Aakash rights issue
The transaction shows how the cash-strapped company funded its effort to preserve its holding in one of the few valuable assets remaining in the Byju's ecosystem. A September 28 National Company Law Tribunal (NCLT) order approving TLPL's settlement with Aakash, Manipal Education & Medical Group and other parties records utilisation of a portion of the money received from Great Learning.
Byju’s parent to hold 32% in Aakash after settlement
The eventual holding will be higher than the roughly 25.75% TLPL owned before Aakash’s Rs 240-crore rights issue became the subject of litigation last year. TLPL’s recorded stake fell sharply after Aakash withheld part of the shares it had subscribed for.
Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge
Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.
Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0
Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
Payoneer India Cross-Border Excellence Awards 2026 closes with a blueprint for India’s next export leap
India’s exports hit a record $863.1 billion in FY26, yet the businesses driving that growth rarely share the spotlight. On September 25 in New Delhi, the Payoneer India Cross-Border Excellence Awards 2026, in association with The Economic Times, closed its 2026 cycle with a summit on market access, growth corridors and outbound compliance, and 16 category winners that show what Indian global enterprise looks like today.
Edtech firm ByteXL raises $9 million in Series B round led by Elevar Equity
Existing investors Kalaari Capital and the Michael & Susan Dell Foundation also participated in the round
How startups are making AI useful for India’s aspirant generation
Artificial intelligence is now being used in learning, competitive interview preparation, and training millions of Indians irrespective of their socioeconomic background. Entri is taking coaching, employability-specific programs, and mentorship to the fingertips of aspirant Indians. Read on!
Degree in one hand, AI course in the other: College students aren’t waiting for classrooms to catch up with jobs
Amid rapid technological advancements, college students are embracing online learning platforms like Coursera and Simplilearn to equip themselves with vital AI skills. The urgency for upskilling programs has skyrocketed due to changing industry needs. Educational institutions are proactively collaborating with edtech companies to improve graduates' employability. Yet, students often grapple with learning AI informally, facing hurdles in skill acquisition, leading them to seek organized educational pathways for future career readiness.
Ecommerce's festive push; Vertex's AI bets
Happy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning Dispatch.
Arivihan raises $10 million from Prosus, Accel to expand AI tutoring
Cofounder and chief executive Ritesh Singh Chandel told ET that Arivihan will use the funds to cover almost all state boards by year-end, expand its CBSE (Central Board of Secondary Education) offering, and deepen its presence in medical entrance preparation.
ET AI Awards 2027: 40+ categories across Innovation, Functional Excellence, Leadership and Emerging AI
The ET AI Awards 2027 return for the second edition, recognising organisations, teams, and leaders driving measurable impact through applied AI. With 40+ categories across 4 tracks, the awards cover AI Innovation, Functional Excellence, Leadership and emerging applications across startups, SMEs and enterprises, evaluated through a structured, expert-led process.
Microsoft backs Kerala edtech startup Wayvida with Rs 3.25 crore support to accelerate AI innovation
Wayvida has successfully obtained Rs 3.25 crore in Microsoft cloud credits, which will significantly enhance its AI-driven educational technology platform. This investment is set to bolster the company's technological infrastructure, paving the way for international expansion. With over 20 years of expertise in the education field, founder Gireesh Neyyar aims to create an integrated tech ecosystem that streamlines operations and enriches learning experiences for various educational institutions and organizations.
Payoneer India Cross-Border Excellence Awards: A diverse winner list reflects India’s growing cross-border trade
Services exports in India have surged to a record $421.3 billion, surpassing estimates, in FY26, as total exports hit an unprecedented $863 billion. The trade is well on its way to meet the $2 trillion export target by 2030-31, yet the companies bringing about this impetus remain largely unknown. Payoneer India Cross-Border Excellence Awards, in association with The Economic Times, have identified, recognised, and felicitated these businesses/individuals/ideas. Read on!
Sovereignty means controlling a substantial part of the chip supply chain: Mindgrove CEO Shashwath TR
Shashwath said the concerns go beyond where a chip is designed; companies also need to know what software is placed on it and who can verify that it has not been changed.
PhysicsWallah's Alakh Pandey to move base to South India for business expansion
Taking the first step in this direction, PhysicsWallah (PW) has signed a five-year partnership with Mohan Babu University (MBU) through which it will provide online AI, skilling and career-focused courses to nearly 18,000 students of the university.
Info Edge appoints former Adobe India MD to its board, Himanshu Agarwal as new CFO amid leadership reshuffle
Naresh Chand Gupta has been appointed by Info Edge as a non-executive director, while Himanshu Agarwal steps into the role of chief financial officer starting September 17. Gupta's tenure will commence on October 1, 2026. The company is also set to acquire the rest of the share in Coding Ninjas and has approved additional funding of up to Rs 180 crore for its startup fund.
No turning back from AI but regulation, cost will shape pace of adoption: TeamLease EdTech CEO
The adoption of AI is creating new roles in areas such as cybersecurity, cloud and infrastructure management, he said adding humans will remain accountable for the actions of AI agents in foreseeable future.
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