Retail inflation drops to 2.82% in May, lowest since February 2019
Further, food inflation saw a sharp decline of 79 basis points in May compared to April 2025, reaching its lowest level since October 2021.
Google-backed edtech platform Adda247 has laid off around 250-300 employees across verticals, media report said on Saturday.
According to Entrackr, citing sources, about 100 to 150 employees were laid off from StudyIQ, a UPSC-focused edtech platform acquired by the company for about $20 million in December 2021.
Advertisement
About 150 employees were laid off in major verticals, including sales and content. It is the first layoff in a few years at the company.
Advertisement
As per the report, the laid-off workers were asked to resign without any prior notice.
In October last year, Adda247 raised $35 million in a round led by WestBridge Capital. The round saw Google as a new investor.
The funding round also saw participation from the existing investors, including Info Edge and Asha Impact.
Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities.
Meanwhile, edtech major Byju’s has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”. The startup has eliminated more than 10,000 positions in the last two years.
Advertisement
Related posts
Google Pixel 6a to reduce phone’s battery life amid overheating concerns
Google is set to roll out a mandatory software update for Pixel 6a users following multiple reports of battery overheating and, in some cases, the devices catching fire.
Samsung Biologics plans to separate CDMO, biosimilar biz
Samsung Biologics, a biotech arm of South Korea's Samsung Group, said on Thursday it plans to spin off its biosimilar development business to streamline its operations and focus on its core contract development and manufacturing organisation (CDMO) services.
