Telangana Polytechnic Common Entrance Test 2022 results declared

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July 13, 2022

The Polycet Result 2022 for Telangana Polytechnic Common Entrance Test 2022 was announced today by the State Board of Technical Education and Training (SBTET), Telangana, Hyderabad.

Out of 1,13,979 candidates registered, 1,04,362 appeared for the examination of which 56,392 were boys, and 47,970 were girls. The qualified candidate ratio of boys and girls for Maths, Physics, and Chemistry (MPC) was 40,669 and 38,369 whereas, for Maths, Biology, Physics, Chemistry (MBiPC) was 40,097 and 39,020. The apt percentage for boys was 75.73% and for girls, it was 75.8%.

Also read: Telangana govt signs MoU with King’s College London for Pharma University

19,027 students from the SC category, while 9,738 students from the ST category appeared for the POLYCET-2022 and were allotted ranks based on their performance. The ranking has been assigned to the candidate on the basis of their total marks secured in POLYCET-2022 separately for MPC and MBiPC streams.

Students can view their rank cards of POLYCET-2022 on the following: http://polycet.sbtet.telangana.gov.in/

UGC asks universities to fix UG admission deadline after CBSE Class 12 result declaration

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July 13, 2022

The University Grants Commission (UGC) on Wednesday directed all higher educational institutions (HEIs) to fix the last date of undergraduate admission process after the CBSE (Central Board of Secondary Education) declares Class 12 results, so that no student is deprived of admissions.

In a letter addressed to Vice-Chancellors, Principals and Directors, the higher education regulator said it will provide sufficient time to CBSE students, who are awaiting their result, for admission in undergraduate (UG) courses.

This comes after the CBSE approached the UGC on June 28 stating that the deadline for registration in undergraduate courses in some universities would end in the first week of July.

Also read: UGC permits 900 autonomous colleges to start online courses

“As you are aware, the CBSE conducted Board Examination in two terms i.e term-l and term-II to nullify the impact of COVID. The performance of term-l has already been communicated to the schools. The evaluation of term-II is going on and process of result preparation will start. The final result will be declared by combining the weight age based on the performance of both the terms. The entire process will take about a month period for the declaration of the result,” the UGC said in its latest notice.

The higher education regulator said it has come to the notice that some universities have started registration in undergraduate courses for the session (2022-2023).

In this scenario, the students from CBSE will be deprived of admission in the undergraduate courses if the last date is fixed by the universities prior to CBSE result declaration.

“It is therefore requested that all the higher educational institutions may fix the last date of their undergraduate admission process after declaration of result of class XII by CBSE so as to provide sufficient time to such students for admission in undergraduate courses,” the UGC added.

As per reports, CBSE is likely to declare term 2 and final results of Class 10 and Class 12 students by the last week of July.

Edtech unicorn Unacademy trims perks and salaries to focus on profitability

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July 13, 2022

Edtech unicorn Unacademy has recently decided to reduce benefits and salary to spur growth and profitability.

Unacademy is the next startup to take precautions against a funding winter by closing a worldwide business unit, reducing salaries for founders and top executives, and ending free meals and snacks.

According to regulatory documents, Unacademy has also expanded its employee stock ownership plan (ESOP) pool by 20%, bringing it from 238.7 Mn to 286 Mn options.

Gaurav Munjal, the company’s Founder, highlighted the lack of efficacy inside the organisation and the need to reduce costs in an internal email titled ‘Frugality’.

“Even though we have more than INR 2,800 Cr in the bank (as of this morning), we are not efficient at all. We spend crores on travel for employees and educators. Sometimes it’s needed, sometimes it’s not. There are a lot of unnecessary expenses that we do. We must cut all these expenses. We have a strong core business. We must turn profitable asap,” Munjal stated.

Munjal emphasised that the founders and the management had previously agreed to salary cuts and that they would close any vertical that did not achieve goals.

He further said that the decision to eliminate non-essential benefits and privileges, such as free lunches for workers and drivers for CXOs, was taken keeping in mind the company’s goal to get listed.

“We have to do an initial public offering (IPO) in the next two years. And, we have (to) turn cash flow positive. For that, we must embrace frugality as a core value,” Munjal commented.

According to reports, Munjal had sent a warning to workers, advising them to work under ‘constraints,’ fearing the possibility of a ‘funding winter’ in May.

“We are looking at a time where funding will dry up for at least 12-18 months. Some people are predicting that this might last 24 months,” Munjal stated on May 26.

In addition, the Founder stated that his company will not continue its association with the Indian Premier League (IPL) from 2023.

“The last three years with IPL were amazing. Our brand went to another level. I recommend all upcoming brands to partner with IPL. Our focus has changed. Hence the decision to not do IPL next year”, tweeted Munjal.

Reports state that the edtech company let go almost 600 workers in April, or about 10% of its staff. And in March, more than 100 members of the PrepLadder team were fired as part of the ‘restructuring’ of the Edtech unicorn.

Due to the relaxation of Covid-19 regulations and students’ return to traditional classroom settings, the edtech sector has slowed down after two years of hypergrowth.

Currently, Unacademy’s market worth is $3.44 Bn. The company has investors from throughout the world, including Sequoia Capital, Tiger Global Management, and SoftBank.

In June, Unacademy joined the offline learning space by opening two coaching centres in Kota. The move was a part of Unacademy’s bigger aspirations to build offline experience learning facilities for its user base in numerous locations across the nation.

In the following phase, Unacademy plans to open such institutions in Jaipur, Bengaluru, Chandigarh, Ahmedabad, Patna, and Pune.

Edtech company Vidyakul raises funding led by JITO Angel Network

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July 12, 2022

Vernacular e-learning platform Vidyakul has raised INR 12 Cr led by JITO Angel Network.
Along with JITO, the investment round was joined by Nadathur Technologies, Indorama Capital Holdings, Tech Innovations, Veena Munganahalli (Angel investor), and We Founder Circle.

Cofounders Tarun Saini and Raman Garg’s research, which led to the creation of Vidyakul, a company based in Gurugram, revealed that state-board students were 10 times that of the Central Board of Secondary Education (CBSE) students.

However, they lag far behind in accessing quality education because of a lack of resources in their native languages and access to high-quality, reasonably priced EdTech offerings.
Vidyakul offers live lectures and pre-recorded courses (from Class 9th to 12th) in Hindi, Gujarati, Bhojpuri, and Hinglish for the state board students to learn better and succeed academically.

Tarun Saini, Founder of Vidyakul said, “We are building a platform, which is tailor-made to suit the needs of individual students, giving them a classroom-like experience. We are thankful to JITO Angel Network for its continued support to Vidyakul by not only investing in all rounds but also assisting in partnerships with various businesses committed to state board students.”

Also Read | Edtech company AntWalk raises $7.5 Mn in Series A funding

JITO Angel Network (JAN) uses the community platform of the Jain International Trade Organisation to invest in and encourage aspiring business founders.

The company is making use of its active angel network and incubator facilities to serve as a conduit between business owners and the sector. The series’ driving force was JITO Angel Network (JAN), and many investors joined after that.

According to the startup, this is the third time JITO Angel Investors have taken part in its investment round. “We are proud to associate with a company that aims to make education and access to learning universal in a diverse country like India. The goal ultimately is to support the education of minds who will form the bedrock of our country in the Asian century. Vidyakul, with its large content bank and regional focus, has our full confidence” stated Pooja Mehta, Chief Investment Officer of JITO Angel Network.

India’s EdTech market is expected to reach $4 Bn by 2025, growing at a CAGR of 39.77%, according to the India Brand Equity Foundation. Of this anticipated amount, $1.5 Bn will primarily go toward pre-preparatory and after-school foundations programmes and the K–12 market. The demand for courses from Tier-II and III cities will also play a significant part in this growth.

Also Read | Edtech startup Leap bags $75 Mn Series D funding to help more students achieve overseas education

JITO, on the other hand, has so far amassed a substantial portfolio of 65+ businesses, of which more than 30 have raised up rounds and follow-on rounds. Among the businesses in its portfolio are Blusmart, Homecapital, ChargeGrid, NewsReach, Leadstart, Tablt, KaahaniBox, Siply, Fello, among others.

UP: Government to upgrade ITIs with Rs 4,000 crores

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July 11, 2022

Aimed at improving learning in Government ITIs as well as their placement outcomes, the Uttar Pradesh government has announced to upgrade the ITIs at a cost of Rs 4,000 crores on Sunday.

While addressing a press meet organised at Lok Bhawan, Kapil Dev Agrawal, minister of state (independent charge) vocational education and skill development, said that, “Soon, we will enter into an agreement with a private organisation for technology upgradation of ITIs. In the first phase, 50 ITIs have been selected. The ITIs will be upgraded at a cost of Rs 4,000 crores.”

Additionally, centres will be started in secondary education schools to hone the employment skills of students along with imparting them education. For this, two colleges in every district and as many as 150 colleges across the state have been selected, he informed.

While listing the achievements of the department on completion of the first 100 days of the second tenure of Yogi Government, Agrawal said, “10 new ITIs have been established through the private sector. In these, the training of the candidates will start from August. The construction of 15 new Government ITIs has been completed, which will soon be inaugurated.”

Also Read | Uttar Pradesh government signs MoU to set up medical colleges in Sambhal, Maharajganj

Furthermore, he informed that, to ensure career opportunities and practical training for the youth, about 10 thousand youth have been linked with apprenticeships in a hundred days. Nearly 50,000 youth have been given employment against the target of 25,000 youth. Besides, we have also made changes to our course and have made it more suitable for our youth to fit into the industry.

He said that in the financial year 2022-23, we have identified 29 sectors, in which more than 2 lakh youth will be trained. In this, about 10,000 youth will be trained in aviation, and 33,021 youth in health, among others. “The government has planned to promote usage of drones in farming and agriculture, for this, we will also begin training for operation of drones which will help crop growers,” he concluded.

JEE Main Result 2022 expected to be released soon: Here’s how to check

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July 8, 2022

The National Testing Agency (NTA) is expected to announce the Joint Entrance Examination (JEE) Main 2022 results soon. NTA has already released the final answer key of JEE Main Paper 1 (BE/BTech). The results will be released for Session 1 of the JEE examination.

Steps to check the JEE Main Results 2022

Once the results are declared, the students can check their scores on the website of the NTA at www.jeemain.nta.nic.in. For accessing their mark sheets, students need to go to the official website and log in with the application number, roll number for the exams, and their personal details like date of birth.

Also read: JEE Main 2022: Final answer key out at jeemain.nta.nic.in, get direct link, steps to download

JEE Advance– next step for those who qualify JEE Main exam

Students who qualify the JEE Main exam will write the JEE advance or IIT JEE examination, which serves as a base for entrance tests to many top engineering colleges. Admission to all National Institutes of Technology (NITs), as well as Indian Institutes of Information Technology (IIITs), is done on the basis of JEE Main result.

BYJU’S strengthens senior management in its tech-first approach to growth

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July 8, 2022

Despite the fact that BYJU’S has laid off hundreds of its employees, the educational technology (ed-tech) firm is growing its senior leadership team.

It has appointed former Amazon executives Sunil Sharma and Darshan Bhandari as Vice Presidents (VPs) of engineering student and teacher experience and engineering tuition centre and devices, respectively.

Further, in an effort to boost its tech vertical, it announced the appointment of Mani Bansal and Maneesh Agrawal to manage key tech functions earlier this year.

Sunil Sharma would be in charge of catalysing vital technologies (tech) to improve the student, parent, and teacher experience, as well as customer service and mentor relationships.

He brings with him 21 years of experience building up tech teams at companies such as Amazon, Hewlett Packard, and AGT International. He was Amazon’s head of tech for freight auditing and payments.

Bhandari, who has over 18 years of expertise in technology innovation and talent development at companies including Amazon, Reliance Jio Infocomm, and Amdocs, will oversee BYJU’S hybrid learning platform.

Last year, the company appointed Mukut Deepak as head of business to handle its Class 4-10 school division. Deepak worked as Tata Sky’s chief business development officer and director of the company’s digital venture.

Sharing his views, President of the tech division, Anil Goel said, “Byju’s tech-first approach makes it home to some of the world’s finest tech experts.”

The $22 Bn company is boosting its top leadership at a time when Byju Raveendran’s firm is considering an initial public offering. The company intends to go public by the end of next year.

The United States and India are both important markets for BYJU’S. Hence, the reports suggest that the company may conduct a primary listing in the United States and a secondary listing in India, or vice versa.

BYJU’S also appointed Rachna Bahadur as senior vice president to oversee the company’s global expansion plans. Bahadur was a partner at Bain & Company and led the consumer goods practice.

Vedhanarayanan Ganeshkumar, an Amazon IT veteran, was recently named the new V-P-tech division, and Himanshu Bajaj was appointed as the head of business at BYJU’S Learning Centre in May.

Bajaj oversaw consulting firm Kearney’s consumer and retail business across Asia Pacific.

According to sources, BYJU’S is also planning to promote Chief Operating Officer Mrinal Mohit to a larger role, including heading India operations.

Further, the company has changed its top leadership, selecting Krishna Vedati as president of global growth and strategic initiatives. Vedati, co-founder and CEO of Tynker, a coding education platform for children, will report to Raveendran.

All of the significant changes in the company’s management are the consequence of Raveendran’s attempt to take the company to a global platform. This is because Raveendran, the company’s founder, and CEO, is planning to focus on global expansion and acquisitions.

Earlier this month, the company cleared the pending payment to the tutorial chain Aakash Educational Services.

Last year, BYJU’S invested about $1 Bn to buy Aakash, an educational service chain that provides special coaching to NEET, and JEE aspirants.

JEE Main 2022: Final answer key out at jeemain.nta.nic.in, get direct link, steps to download

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July 8, 2022

The National Testing Agency (NTA) has released the final answer key of Joint Entrance Examination (JEE) Main 2022 session 1 in online mode. It must be noted that only the answer key for JEE Main Paper 1 (BE/BTech) has been released. The JEE Main 2022 Paper 2 answer key is yet to be released. Candidates can download the JEE Main 2022 Session 1 BE/BTech Paper 1 answer key from the official website – jeemain.nta.nic.in.

JEE Main 2022 Final Answer Key: Steps to download

Step 1: Visit the official website – www.jeemain.nta.nic.in.

Step 2: Click on the link ‘JEE (Main) – 2022 (Session 1) – PROVISIONAL FINAL KEY B.E/B.Tech.(Paper I)’ on the homepage.

Step 3: A PDF document will be displayed on screen.

Step 4: Download the JEE Main 2022 Session 1 BE/BTech Paper 1 answer key and take a printout for future use.

JEE Main 2022 Final Answer Key Direct Link

JEE Main Result 2022 for Session 1

NTA is expected to soon release the JEE Main result for session 1 on the official website – jeemain.nta.nic.in. To check JEE Mains Result, candidates will have to login using the application form number and date of birth.

JEE Main 2022 Session 1

JEE Main 2022 session 1 exams were conducted between June 20 and 29, 2022, and the session 2 exams are scheduled to take place from July 21 to 30, 2022.

UP continues to lead India’s Vax drive with over 34.2 cr total doses

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July 6, 2022

Scaling new heights in the ongoing vaccination drive, the state of Uttar Pradesh, on Wednesday, crossed the landmark of achieving 100 percent first dose coverage to the children in the age category of 15-17.

This is another major milestone as the state continues to conduct one of the most successful vaccination campaigns in the country since the rollout of the mass immunisation drive.

Strengthening its fight against the Covid-19 pandemic, the Uttar Pradesh government is providing vaccination cover to all children in a time-bound manner. So far, over 2,64,31,699 vaccine doses have been administered to children in the age group of 15-17, making 100 percent of this age category receiving the first dose and over 88.5 percent of them being fully vaccinated so far.

Similarly, over 1,44,95,214 vaccine doses have been administered to the children in the age group of 12-14 in the state. In this category about 97.4 percent have received the first dose and over 73.7 percent have been fully vaccinated.

As per data from CoWin portal updated till 12:30pm on Wednesday, at least 34.2 crore out of the total 198 crore doses administered in the country are from UP.

Committed to providing additional protection cover to the people, Uttar Pradesh started administering booster shots (precaution dose) from January 10. Over 36.38 lakh ‘precaution doses’ have been administered in the state so far.

UP is followed by Maharashtra with 16.97 crore doses administered so far. In terms of percentage, over 97.59 per cent of the adult population is fully vaccinated and 100 percent have received one vaccine dose.

To ensure vaccine cover to every eligible individual, Chief Minister Yogi Adityanath has also asked the concerned officials to ensure adequate availability of vaccine doses in Uttar Pradesh and encourage the eligible beneficiaries to take the vaccine.

Aggressive Vaccination is an integral part of the comprehensive strategy of the Yogi-led UP government to contain the pandemic, along with adherence to coronavirus- appropriate behaviour and strict surveillance.

Edtech company AntWalk raises $7.5 Mn in Series A funding

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July 6, 2022

AntWalk, a B2B Edtech platform, has raised $7.5 Mn in a Series A investment round led by GSV. The round also saw participation from Y Combinator and existing investor Matrix Partners India.

Founded in the year 2019, AntWalk is the brainchild of former McKinsey consultants, ex-bankers and former educators, Joybroto Ganguly, Basav Nagur, Sriramkumar Sundararaman, Sumit Gupta and Sudhanshu Shekhar. They realised that there was a need for contextual knowledge transfer as employees join, grow and shoulder larger responsibilities.

The company said the funding will be used to strengthen the Learning Experience Platform (LXP) using gamification, build best-in-class content pedagogy through R&D, and expand the sales and marketing team to widen the customer base.

Sharing thoughts on the company’s fundraise, Joybroto Ganguly, Co-founder & CEO said, “The name ‘AntWalk’ was inspired by the way ants communicate and share intelligence with each other when they walk, reflecting the act of ‘collaborative social learning.’ We are well on our way to building a robust ed-tech company focused on the global skilling opportunity, by leveraging this power of collaborative learning and are excited to partner with GSV Ventures on this journey.”

Sumit Gupta, Cofounder, AntWalk added, “Acquiring the right skills at the right time from the right pool of global experts would not only help employees meet their immediate business goals, and become future-ready, but also benefit organizations in creating a high-performance workplace with proficient and motivated knowledge workers. It is crystal-clear that the value.”

The enterprise L&D (Learning & Development) Industry is expected to touch the $402 Bn mark by 2025, but the current L&D model is broken, siloed and does not put professionals’ role readiness at the center of learning interventions, informed AntWalk.

The edtech company said, the industry is dominated by self-learning content such as MOOCs (Massive Open Online Course) which have very low completion rates or are driven by individual trainers who have limited bandwidth to contextualise and deliver tech-driven learning experiences.

AntWalk plays its role here by rejuvenating Enterprise L&D with “Role-focused Capability Academies” – a combination of industry-relevant content delivered by 4,000+ global professionals through live group sessions, 1:1 coaching and gamified content.

“GSV Ventures is proud to align with Joy and the team, who bring passion and purpose to one of the toughest challenges in the corporate world – reskilling and upskilling employees to match dynamic job demands,” commented Deborah Quazzo, Managing Partner of GSV Ventures.

For the uninitiated, AntWalk is an E-learning company that helps organisations accelerate and transform their L&D model, paving the way to continuous learning for professionals. The team consists of ISBians and ex-Mckinsey alums who are passionate about sharing, learning and growing together.

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