| Date | Title | Description |
| 27.03.2025 | NCLT Orders Status Quo On Shareholding Of Aakash | SUMMARY
The NCLT has ordered a status quo on the shareholding of the edtech till the next hearing on April 30
The move effectively pauses the company's bid to amend its articles of association (AoA) for at least a month
The equity fundraise... |
| 21.03.2025 | Aakash Educational Services Expands Digital Learning with INR 250 Cr Investment Earlier this year, AESL introduced Aakash Invictus, a digital initiative focused on IIT-JEE preparation. | Aakash Educational Services Limited (AESL) has taken a major step into online education with the launch of Aakash Digital, backed by an INR 250 crore investment. This move aims to enhance accessibility and affordability for students across ... |
| 24.02.2025 | Blackstone-backed Singapore Topco withdraws legal petition against Aakash | Private equity firm Blackstone-backed Singapore Topco has withdrawn its legal petition against Aakash Educational Services from the National Company Law Tribunal (NCLT) regarding proposed amendments to Aakash’s Articles of Association (AoA)... |
| 24.12.2024 | Zerodha and Zomato founders bet on Sparkl Edventure "I've been wondering for a long time if students will have different outcomes if they have access to education that is more personalised and cu... | Aakash Chaudhry, founder of Aakash Institute, has secured USD 4 million in seed funding for his latest edtech venture, Sparkl Edventure, with participation from Zomato's Deepinder Goyal and Zerodha's Nithin Kamath. The funding round, led by... |
| 23.12.2024 | Byju’s-owned Aakash’s former CEO launches new edtech startup Sparkl | Byju’s-owned Aakash’s former CEO Aakash Chaudhry is making a comeback into the Indian edtech landscape with the launch of online learning platform Sparkl.
The new edtech venture has raised seed funding from Rainmatter, the fund led by Nithi... |
| 09.12.2024 | Info-x Buys Penthouse for Rs 1.90 Billion in DLF Camellias Gurugram | Real Estate Info-x Buys Penthouse for Rs 1.90 Billion in DLF Camellias Gurugram
09 Dec 2024 2 Min Read CW Team
Info-x Software Technology, through its director Rishi Parti, purchased a 16,000 sq ft penthouse at DLF's ultra-luxury The Camell... |
| 06.12.2024 | NCLAT Refuses To Set Aside Order Halting Amendment To Aakash’s AoA | SUMMARY
NCLAT has refused to set aside the NCLT halting Aakash Educational Services from amending its Articles of Association (AoA)
Aakash’s counsel argued today that the company was looking to amend its AoA not to raise a debt but raise fr... |
| 29.11.2024 | SC Orders Aakash To Not Amend Articles Of Association | SUMMARY
The SC has asked Aakash Educational Services to not give effect to the resolution proposed at its EGM to amend its AoA
A bench of CJI Sanjiv Khanna and Justice PV Sanjay Kumar asked Aakash to move the NCLAT and ordered a stay on the... |
| 26.11.2024 | Relief For BYJU’S: Karnataka HC Lifts NCLT Block On Aakash Stake Sale | SUMMARY
The Karnataka High Court today issued an interim stay on the NCLT order barring Aakash Educational Services from amending its AoA
The court ordered the interim stay observing that the Tribunal gave its order without assigning any re... |
| 20.11.2024 | NCLT Stays Byju Raveendran’s Bid To Sell Aakash Stake | SUMMARY
NCLT has blocked Aakash from passing a resolution to amend its Articles of Association (AoA)
The move to make amendments in the AoA is said to have come as BYJU'S founder and CEO Byju Raveendran looked to sell a portion of his stake... |
| 20.11.2024 | NCLT orders Aakash not to amend AoA amid Byju’s dilution row | Blackstone alleged that the embattled edtech was trying to reduce its stake to benefit Manipal Education, the largest shareholder in Aakash
The National Company Law Tribunal (NCLT) has blocked Aakash Educational Services from passing a reso... |
| 20.11.2024 | BYJU’S Term Loan B Lenders Oppose EGM Of Aakash | SUMMARY
Glas Trust also questioned the “actions” of the resolution professional for allowing Byju Raveendran to continue as a representative of BYJU’S on Aakash’s board
The lenders also alleged that Aakash’s EGM seeks to remove all the righ... |
| 15.10.2024 | After Job Cuts, Aakash Shuts Digital Classroom Programme | SUMMARY
Aakash has integrated its employees from AD-CRP with its “sales system”, which is responsible for selling all Aakash offerings, including Aakash Digital
Sources added that layoffs have continued in the past two weeks and have largel... |
| 10.10.2024 | Aakash Chaudhry makes a comeback in education sector with Meritnation founders | Premium
Aakash Chaudhry
Aakash Chaudhry, the co-founder and former CEO of offline coaching institute Aakash Educational Services Ltd, has floated a new venture in the education technology segment, two people in the know told VCCircle. Chaud... |
| 24.09.2024 | Aakash laid-off employees amid strategic shift: Report | Aakash Educational Services Limited (AESL), owned by Byju, has let go of 80 to 100 workers in the last few months, according to people with knowledge of the situation.
“Aakash has fired anywhere between 80-100 employees, including senior an... |
| 23.09.2024 | Aakash Chalks Out ‘2.0’ To Boost Operations, Build Hybrid Learning Centres | SUMMARY
Aakash Educational Services is chalking out a revamping strategy ‘Aakash 2.0’ aimed at scaling up its operations, bringing efficiency and building hybrid learning centres
On its association with Think & Learn’s BYJU’S, Aakash Ed... |
| 11.09.2024 | Playbook Partners announced $250 M growth capital fund’s first close | With the successful completion of its first close, growth capital firm Playbook Partners raised over $130 million from international investors in the US, Europe, the Middle East, and India.
With the green shoe option, the fund has the poten... |
| 10.09.2024 | Playbook Partners: A New Force in India's Growth Capital Landscape | In the bustling world of investment, Playbook Partners has emerged as a significant player. The firm recently announced the first close of its inaugural fund, raising over $130 million in just four months. This rapid success is a testament ... |
| 10.09.2024 | Playbook Partners Raises USD 130 Mn in First Close, Eyes USD 250 Mn Target The funds have been raised through established global investors from Europe, the US, the Middle East, and India. With the gre... | Growth Capital (GC) firm Playbook Partners has marked the first close of over USD 130 million within just four months. The funds have been raised through established global investors from Europe, the US, the Middle East, and India.
With the... |
| 10.09.2024 | Playbook Partners marks first close of maiden fund | Vikas Choudhury, founder, Playbook Partners
Playbook Partners, a growth-stage focused investment firm set up by founding partner of Pivot ventures Vikas Choudhury, has marked the first close of its maiden fund launched earlier this year.
Th... |
| 07.09.2024 | BYJU’S Insolvency Proceedings: TLB Lenders Make Claim For INR 11,432 Cr Dues | SUMMARY
The claim filed by Glas Trust accounts for nearly 88% of the total claims filed by the company’s creditors
The edtech major’s wholly owned subsidiary Aakash Educational Services has filed a claim of INR 1,404 Cr
So far, claims worth... |
| 16.08.2024 | Exclusive: Aakash CEO Deepak Mehrotra gets Rs 5 Cr in annual salary | Deepak Mehrotra, who was appointed as the managing director and chief executive officer of Byju’s-owned Aakash Educational Services Limited (AESL) in April, will receive Rs 5 crore in annual salary starting from the current fiscal year (FY2... |
| 21.06.2024 | Aakash Anand Announces New Venture Unikon.ai, Bags $2M Seed Funding The startup is currently operating from Gurugram, India, and plans to expand its services to the US within three months | Entrepreneur Aakash Anand, known for his D2C and personal care startup Bella Vita Organic, announced the launch of his new venture, Unikon.ai. The innovative peer-to-peer networking platform has attracted USD 2 million in seed funding from ... |
| 06.06.2024 | HSBC pegs Byju’s valuation to zero from $22b high | ManagementNews
Gabriel Budi Sutrisno · 4h ago · 2 min readHSBC pegs Byju’s valuation to zero from $22b high
Byju’s co-founder Byju Raveendran / Photo credit: Byju’s
Once at US$22 billion, HSBC has pegged the valuation of Indian edtech firm ... |
| 30.04.2024 | BellaVita Founder Aakash Anand Launches New Venture Studio Wolfpack Labs INR 25 lakhs to INR 1 crore will be the typical check size for the seed/pre-seed investment. | - |
| 10.04.2024 | Adani TotalEnergies and MG Motor India Team Up for EV Charging Stations | A new partnership between Adani TotalEnergies and MG Motor India will see the installation of EV charging stations at new MG dealerships. Adani Total Energies E-Mobility Limited (ATEL) will set up CC2 60 kW DC chargers to enhance the chargi... |
| 09.04.2024 | Byju's vs Investors: A Battle of Titans | Byju's, the embattled edtech giant, is locked in a fierce dispute with its investors, leading to a legal showdown at the National Company Law Tribunal (NCLT). The company has filed an application seeking arbitration, citing a clause in its ... |
| 09.04.2024 | VC Funding Driving Startup Behaviour, Which Is Not Good For Edtech Sector: Aakash CEO | SUMMARY
Deepak Mehrotra said digital learning alone can’t meet the aspirations of medical and engineering students and it is important to address the requirements of new learners
The BYJU’S-owned coaching institute’s MD and CEO said that Aa... |
| 08.04.2024 | Byju's Restrained from Selling Aakash Stake | An emergency arbitrator has directed edtech giant Byju's to refrain from selling a 6% stake in its subsidiary Aakash Education Services Limited due to a breach of loan terms with MEMG Family Office. The arbitration proceedings were initiate... |
| 08.04.2024 | BYJU’S-Owned Aakash Ropes In Former Pearson India Executive Deepak Mehrotra As MD And CEO | BYJU’S-owned Aakash Educational Services Limited (AESL) has appointed Deepak Mehrotra as its managing director (MD) and CEO, aiming to enhance its offerings and expand its reach in the education landscape. Mehrotra, with over 30 years of ex... |
| 08.04.2024 | Air India, BIAL sign agreement to develop Bengaluru airport as hub | Air India and Bangalore International Airport Limited (BIAL) announced on Monday that they have signed a pact to develop the Bengaluru airport as an aviation hub, encompassing the construction of a dedicated domestic lounge, expansion of in... |
| 08.04.2024 | BYJU’S-Owned Aakash Ropes In Former Pearson India Executive Deepak Mehrotra As MD And CEO | SUMMARY
The appointment of Mehrotra is part of Aakash’s strategic vision to enhance its offerings, expand its reach, and create a positive impact on the education landscape
Prior to this, Mehrotra was serving as the MD of Ashirvad Pipes and... |
| 08.04.2024 | JSW Steel posts record output at 26.43 in FY24, sees YoY growth of 9% | JSW Steel on Monday posted a record output of 26.43 million tonnes of crude steel during financial year 2023-24, registering an on-year growth of 9 per cent.
It had produced 24.14 million tonnes (MT) crude steel on a consolidated basis in p... |
| 08.04.2024 | Realme eyes top spot in Rs 15-25k segment with launch of P series in 2024 | Smartphone maker Realme India aims to garner the highest share in the Rs 15,000-25,000 mobile phone segment this year with the launch of a new portfolio of devices under P series, a senior company official said.
While sharing the plans on t... |
| 08.04.2024 | Adani, TotalEnergies to set up EV charging stations at new MG dealerships | A unit of a joint venture between Adani group and French energy giant TotalEnergies will set up EV charging stations at new MG dealerships to bolster the charing network, the company said on Monday.
"Adani TotalEnergies E-Mobility Limi... |
| 08.04.2024 | Investor funding in edtech drives unwarranted behaviour: Byju's Aakash CEO | Investors' funding in the edtech space is driving an unwarranted behaviour which is not good for the industry, Byju's Aakash Education Services Limited (AESL) Managing Director and CEO Deepak Mehrotra said on Monday.
Speaking to PTI, Mehrot... |
| 08.04.2024 | At Rs 3.55 trillion, REC clocks highest ever loan sanctions in FY24 | Leading power sector non-banking financial company (NBFC) REC Limited said it has clocked the highest ever loan sanctions in its history at Rs 3.55 trillion during the last financial year 2023-24. It said the loan disbursement was also a re... |
| 05.04.2024 | Now, Arbitrator Orders BYJU’S To Not Sell Aakash Shares Over Breach Of Loan Terms | FOLLOW US FOLLOW US
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| 22.03.2024 | Cong's 3rd list for LS polls: Kharge's son-in-law to contest from Gulbarga | The Congress released its third list of Lok Sabha candidates on Thursday, pitting heavyweight Adhir Ranjan Chowdhury against former cricketer and now TMC man Yusuf Pathan from Baharampur seat.
Congress president Mallikarjun Kharge is not co... |
| 23.02.2024 | Byju’s investors seek founder’s ouster after heated general meeting | ManagementNews
Lokesh Choudhary · 23 Feb 2024 · 2 min readByju’s investors seek founder’s ouster after heated general meeting
Byju’s office / Photo credit: Glassdoor
Byju’s, the troubled edtech giant, is facing a lawsuit filed by its own ba... |
| 04.07.2022 | Byju’s nears $800m fund completion, closes payment to tutorial chain Aakash | AcquisitionsInvestmentsNewsStartups
Budi Sutrisno · 4 Jul 2022 · 2 min readByju’s nears $800m fund completion, closes payment to tutorial chain Aakash
Indian edtech company Byju’s has received most of the US$800 million fund it announced in... |
| 19.05.2021 | Startup Giants: Unacademy vs Byju’s | The pandemic has been an inflexion point for the edtech industry since schools and colleges were closed for the past one year, teachers and students alike had to embrace the online medium for continued learning. In response to the growing d... |
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