10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
EdTech

CareerLabs faces allegations of job fraud; students protest demanding justice

Bengaluru-based EdTech firm, CareerLabs, is currently under serious allegations of job fraud. Reports indicate that the company allegedly took loans in students’ names by promising lucrative job opportunities, but failed to fulfill its commitments. In response to the alleged scam, affected students have taken to the streets to protest.

Students Enrolled in Courses with Hopes of Job Placements

CareerLabs, known for its education and skill development services, offered various courses promising job placements in reputed companies. Many students enrolled in these programs with high expectations of securing well-paying jobs upon course completion.

Demands for Accountability and Justice

Protesting students demand CareerLabs CEO to offer Rs 4 lakh annual job in the company or cancel loans in their names. The firm asks students to pay Rs 1.50 lakh and penalty for discontinuing the course.

Protests Outside CareerLabs Offices Seek Investigation

As news of the alleged fraud spread, students organized protests outside CareerLabs’ offices, demanding accountability and justice. The protesters are urging authorities to conduct a thorough investigation into the matter and take strict action against those responsible for the alleged job fraud.

AISA Shares Testimonies of Affected Students

The All India Students’ Association (AISA) shared a video of Uzma from Maharashtra, narrating her experience with CareerLabs. She stated that recruiters from the company promised 100% job offers at the end of the internship course. However, after moving to Bangalore to join the program, she realized that the firm provided inadequate training, with students mainly watching YouTube videos through their application. Despite the offer letter outlining detailed course training, no substantial training was given. After the course completion, students were asked to work from home, but as of August 16, which marks one year since the course started, no job offers have been extended.

CareerLabs’ alleged actions sparked outrage among students. They feel deceived and demand accountability and justice. The situation highlights the necessity for strict measures to protect students from fraud in education and job placement. Authorities expects to promptly address the students’ grievances and prevent future incidents.

by INC42

It’s been a blockbuster week for startup IPOs. Lenskart and Groww wrapped up their public listings, together pulling in nearly INR 14,000 Cr. Hot on the heels, Pine Labs hit the markets with its INR 3,900 Cr IPO.  But now, all eyes are on edtech unicorn PhysicsWallah, which is gearing up for its big moment. With a price band of INR 103–INR 109 per share, the company will open its IPO on Tuesday, marking the final stretch of its journey to Dalal Street. A quick recap: The edtech major filed its RHP earlier this week for an INR 3,480 Cr… Source link

by PNN

Lucknow (Uttar Pradesh) [India], November 8: The Indian Institute of Management Lucknow, in collaboration with TimesPro, a leading higher-edtech platform, has opened admissions to the 10th batch of its Chief Strategy Officers Programme. Purpose-built for senior professionals, the programme equips leaders to elevate strategy, steer business units and drive transformation and multi-region growth in a rapidly evolving global landscape. The 10-month Chief Strategy Officers Programme is designed to sharpen strategic thinking and execution,… Source link

by INC42

SUMMARY Robotics startup Emotix, the parent of AI-powered kids’ robot brand Miko, has raised $10 Mn (INR 88.5 Cr) from US-based audio media giant iHeartMedia through the issuance of preferential shares Beyond the funding, Miko and iHeartMedia have reportedly entered a strategic partnership that will see iHeart’s expansive library of audio content integrated into Miko’s interactive robots The move is expected to deepen Miko’s footprint across the US and enhance engagement for young users through family-friendly… Source link