Date | Title | Description |
02.05.2024 | Cash-strapped Byju's may pay salary to employees for April this week | - |
28.04.2024 | Startups grew over 300 times in ten years: Union Minister Jitendra Singh | - |
26.04.2024 | Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024 | - |
23.04.2024 | Byju's continues facing cash crunch as NCLT defers hearing to June 6 | - |
22.04.2024 | Raveendran secures pvt debt to pay March salaries of employees at Byju's | - |
22.04.2024 | Raveendran raised debt to pay March salaries of Byju's employees | - |
22.04.2024 | Embattled BYJU’S Clears Part Employee Salaries For March | SUMMARY
After multiple delays in disbursing the employee salaries for the month of March, BYJU’S cleared part of the pending salaries on April 20
Founder and CEO Byju Raveendran took more personal debt to clear the salaries, a source told I... |
19.04.2024 | Singapore-based Amazon execs feel the brunt of job cuts | ManagementNews
Miguel Cordon · 11h ago · 1 min readSingapore-based Amazon execs feel the brunt of job cuts
Amazon Web Services will be investing US$5.4 billion in Malaysia. / Photo credit: Amazon
Recent job cuts from US ecommerce titan Amaz... |
19.04.2024 | PE, VC investments decline marginally to $13.5 bn in March quarter: Report | - |
18.04.2024 | Teleperformance’s Insolvency Plea: NCLT Gives BYJU’S One-Week’s Time To Settle Dispute | SUMMARY
BYJU’s counsel informed the Bengaluru bench of the NCLT that the company was trying to resolve the dispute with Teleperformance
The NCLT adjourned the matter till April 30 and will hear both the parties if a settlement is not reache... |
17.04.2024 | Wider social security net on cards for unorganised sector workers | - |
16.04.2024 | Data.ai lays off at least 11% of staff after Sensor Tower acquisition | ManagementNews
Miguel Cordon · 1d ago · 2 min readData.ai lays off at least 11% of staff after Sensor Tower acquisition
Photo credit: Sensor Tower
After its acquisition by Sensor Tower in March, Data.ai – previously App Annie – has undergon... |
16.04.2024 | Raveendran Set To Take Over Daily Operations at Byju's Simultaneously, Mohan will now exit to an external advisory role, lending his deep edtech expertise to the company and its founders during this t... | - |
15.04.2024 | Edtech company Byju's shareholders approve $200 million rights issue | - |
13.04.2024 | Abhishek Nag & Vaibhav Agrawal Quit Lightspeed Venture Partners | SUMMARY
As per Abhishek Nag’s LinkedIn profile, he left Lightspeed India last month and joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management)
As per a report, Silicon Valley-based Vaibhav Agrawal left Lightspeed’s US fun... |
11.04.2024 | Vietnam tells Netflix to stop offering video games by April 25 | GamingNews
Lokesh Choudhary · 38m ago · 1 min readVietnam tells Netflix to stop offering video games by April 25
Photo credit: Elliott Cowand Jr / Shutterstock
Vietnam has directed Netflix to discontinue promoting and providing video games ... |
10.04.2024 | Byju’s India CEO steps down, co-founder Raveendran takes charge | ManagementNewsStartups
Samreen Ahmad · 13h ago · 2 min readByju’s India CEO steps down, co-founder Raveendran takes charge
Byju Raveendran / Photo credit: Byju’s
In a major restructuring drive, Byju‘s co-founder Byju Raveendran will take ov... |
09.04.2024 | HDFC Bank Misses MSCI Threshold by a Hair's Breadth | HDFC Bank's foreign legroom inches close to the MSCI threshold but falls short by a mere 5 basis points, causing a ripple in the investment world. The potential for further selling this quarter could lead to a weight-up adjustment in the up... |
09.04.2024 | Maruti Suzuki Expands Manesar Plant's Capacity, Air India Addresses Uniform Issues, Indian Tech Startups See Decline in Layoffs | Maruti Suzuki India has boosted the production capacity of its Manesar facility by 100,000 units per annum, aiming to double its capacity to 4 million vehicles per annum in the next 7-8 years. The expansion includes a new vehicle assembly l... |
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 | Byju's Edtech Firm Resumes Salary Payouts After 2-Month Delay | Byju's, the embattled edtech firm, has finally started disbursing employee salaries after a prolonged two-month delay. Despite facing financial constraints and being barred from using funds from a recent rights issue, the company has manage... |
09.04.2024 | Byju Raveendran's Fall from Grace: A Billionaire No More | Forbes Richest List 2024 revealed a shocking twist for Byju Raveendran, once a billionaire with a net worth of $2.1 billion, now reduced to zero. The edtech giant, Byju's, faced a series of crises leading to this downfall, including financi... |
09.04.2024 | 'Pleased to inform': Byju's begins salary payout after delay of 2 months | Edtech firm Byju's has started salary payments after delaying them for the past two months. This comes as the company is barred from using the proceeds of a recently floated rights issue.
"We are pleased to inform you that salary disbu... |
09.04.2024 | A-I takes cognizance of fabric issues flagged in new cabin crew uniforms | Air India has received feedback on the new cabin crew uniforms, including about fabric issues, and will soon start their production for all the cabin crew after taking into consideration the inputs, according to people in the know.
In Decem... |
09.04.2024 | Layoffs by Indian tech startups dip 60% in Jan-March this year, says report | Indian technology startups laid off more than 2,000 workers in the first quarter of the calendar year, but that’s 60 per cent less compared to the same period last year, according to a tracking website.
The layoffs declined occurred at a ti... |
09.04.2024 | Maruti Suzuki expands Manesar plant's capacity by 100K units per annum | Maruti Suzuki India on Tuesday said it has expanded the production capacity of its Manesar facility by one lakh units per annum.
The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants func... |
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 | Byju’s begins salary disbursements amid delay in payments for two months | Byju's salary
Embattled edtech firm Byju’s begins salary payments after delaying for the past two months even as it is barred from using proceeds of recently floated rights issue.
“We are pleased to inform you that salary disbursement has c... |
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 | 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... |
07.04.2024 | NTPC's Green Revolution: A Bright Future for Renewable Energy | NTPC, a powerhouse in India's energy sector, has embraced green scheduling for its 130 MW solar project in Rajasthan. This move marks a significant leap towards integrating renewable energy into the national grid efficiently. By utilizing c... |
06.04.2024 | Zomato's Tax Troubles: A Bitter Bite | Zomato, the food delivery giant, is facing a sour taste as it receives a hefty Goods and Services tax (GST) notice of Rs 23.26 crore from Karnataka tax authorities for the financial year 2018-19. The demand includes a GST payment of Rs 11,2... |
06.04.2024 | Arbitrator asks Byju's to not sell 6 per cent stake in Aakash | Edtech firm Think and Learn, which owns Byju's brand, has been asked by an emergency arbitrator not to sell around 6 per cent stake in its subsidiary Aakash Education Services Limited as it has failed to pay back around ₹350 crore raised fr... |
05.04.2024 | Angel One garners Rs 1,500 cr via QIP to fund working capital requirements | Fintech player Angel One on Friday said it has raised Rs 1,500 crore through the Qualified Institutional Placement (QIP) route to fund working capital requirements of the company.
The issue, which was opened on March 26 and concluded on Apr... |
05.04.2024 | Byju’s-owned test prep company names ex-Pearson India head as CEO | ManagementNewsStartups
Samreen Ahmad · 4h ago · 2 min readByju’s-owned test prep company names ex-Pearson India head as CEO
Photo credit: mrinalpal / Shutterstock
Byju’s-owned Aakash Educational Services Limited (AESL) has named Deepak Mehr... |
05.04.2024 | Why Global Investors are Looking to Invest in Indian Startups Investment in India is being driven by a confluence of factors, including educated young talent, cheap data availability, digital infrastr... | - |
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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04.04.2024 | Byju’s vs Investors: Byju’s seek arbitration, files application with NCLT | The embattled edtech major Byju’s has filed an application with the Bengaluru bench of the National Company Law Tribunal (NCLT) to refer its dispute with the investors for arbitration.
The company argued that there is an arbitration clause ... |
04.04.2024 | Forbes list: Byju Raveendran no longer a billionaire, now has $0 net worth | Forbes Richest List 2024: A year ago, Byju Raveendran's net worth stood at Rs 17,545 crore ($2.1 billion), and he was prominently featured in various prestigious 'world's richest' lists. However, the recently released Forbes Billionaire Ind... |
04.04.2024 | Byju Raveendran’s Net Worth Plummets To Zero Amid Crisis | SUMMARY
As per recently released Forbes Billionaire Index 2024, the embattled edtech major’s founder and CEO’s net worth plummeted to zero in 2024, pushing him out of the coveted list
Byju Raveendran’s net worth stood at INR 17,545 Cr ($2.1... |
04.04.2024 | HDFC foreign legroom rises but misses index provider MSCI threshold | The investment legroom for foreign portfolio investors (FPIs) in HDFC Bank rose to 24.95 per cent during the quarter ended March 2024. However, it fell short by only 5 basis points (bps) of the threshold required for index provider MSCI to ... |
02.04.2024 | PepsiCo to invest Rs 1,266 crore to set up new facility in Madhya Pradesh | (This report has been updated)
Beverage and packaged foods major PepsiCo India will invest Rs 1,266 crore to set up a flavour manufacturing facility in Ujjain, Madhya Pradesh, the company said on Tuesday. Spread over 22 acres, the plant wil... |
02.04.2024 | Byju's laying off employees via phone calls, dropping notice period: Report | Edtech firm Byju's is laying off employees over the phone and letting them go without serving notice period, Moneycontrol.com reported, quoting sources.
The website said Byju's is following phone calls with emails to employees that read, &q... |
02.04.2024 | Lip service, broke every barrier: SC pulls up Ramdev in misleading ad case | The Supreme Court on Tuesday termed as “lip service” the apology tendered by Baba Ramdev and Patanjali Ayurved Managing Director Acharya Balkrishna in connection with the contempt notice issued to them for flouting its directions in the mis... |
01.04.2024 | Ambani-Adani collaboration: RIL picks 26% stake in Adani Power project | In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for c... |
01.04.2024 | NTPC wins 3,445 MW renewable energy projects in total during FY24 | State-owned power giant NTPC on Monday said it has won 3,445 MW of renewable energy (RE) projects in the fiscal year ending March 31, 2024.
"NTPC wins 3,445 MW RE bids in FY 2023-24. This records 58 per cent of total RE tenders the com... |
01.04.2024 | Byju's delays salaries for 2nd month in a row amid rights issue dispute | Edtech major Byju’s is grappling with another setback as it faces delay in paying salaries to employees. The delay stems from funds raised through a recent rights issue, which have been locked in a ‘separate account’ due to the ongoing disp... |
31.03.2024 | Zomato gets GST notice of Rs 23.26 cr from Karnataka tax authorities | Food delivery major Zomato has received a Goods and Services tax (GST) notice worth Rs 23.26 crore for financial year 2018-19 from Karnataka tax authorities, the company said in a regulatory filing on Sunday.
According to the filing, the or... |
22.03.2024 | Edtech major Byju's says now 262 tuition centres operate across India | Beleaguered edtech firm Byju’s said on Friday that its tuition centres had entered the third successful year with 262 operating across India, rejecting reports that it was planning to shut down many of its centres.
Nearly all of Byju’s Tuit... |
22.03.2024 | BYJU’S To Restructure 30 Tuition Centres, Says 90% Will Continue To Run On Hybrid Model | SUMMARY
BYJU’S said its offline centres are entering their third year of operations and 90% of them (262 centres out of 292) would continue to function in a hybrid model
However, it said, the remaining will undergo a “strategic restructurin... |
22.03.2024 | SpiceJet cleared all outstanding dues: Credit Suisse tells Supreme Court | Swiss financial services firm Credit Suisse on Friday told the Supreme Court that SpiceJet has cleared all its outstanding dues in the $24 million payment dispute.
The apex court took note of the submission and listed the matter for hearing... |
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... |
21.03.2024 | B Capital's Latest Fund Closes at $750 Million | B Capital, the brainchild of Facebook co-founder Eduardo Saverin, has sealed the deal on its second Opportunities fund, raking in a hefty $750 million. This fund, a double-up from the previous one, has attracted a diverse mix of investors, ... |
21.03.2024 | Government preparing for big-bang union budget in July | PM Narendra Modi
Confident of coming back to power after the Lok Sabha elections, the Narendra Modi-led BJP government is preparing for a big-bang July union budget, with major announcements lined up.
“India is the pilot that will take the ... |
20.03.2024 | 40% campus hires in 2023 were women; IT attracts highest participation | In 2023, 40 per cent of the newly hired candidates were women, marking a five per cent surge from the previous year's figures, according to a report released by HirePro, an AI-powered recruitment automation firm. Titled "State of Femal... |
20.03.2024 | Deloitte's 'biggest reorganisation in decade' to simplify business: Report | Deloitte will trim its main business units to four from five in a bid to cut costs ahead of an expected slowdown, the Financial Times (FT) reported about the accounting giant that employs more than 455,000 people worldwide.
It is Deloitte’s... |
20.03.2024 | Byju’s to hold EGM on March 29 for increasing the authorised share capital | Embattled edtech major Byju’s has issued a notice to its shareholders for the extra-ordinary general meeting (EGM) on March 29.
The EGM is in order to increase the authorised share capital, which is required to complete the allotment of sub... |
20.03.2024 | Ola Electric Ropes In Former BYJU’S Exec Jitesh Shah To Lead After-Sales Vertical | SUMMARY
In his new role, Shah will spearhead the expansion of Ola’s service centres and fast-charging network
Additionally, he will oversee the extension of warranty on all new scooter sales
Shah held one of the top executive positions at B... |
19.03.2024 | B Capital closes second Opportunities fund at $750 million | ETtechB Capital cofounders Raj Ganguly (left) and Eduardo Saverin
Global investment firm B Capital, which has backed the likes of Byju’s, Meesho and Pharmeasy in India, on Tuesday announced the close of its second Opportunities fund at $750... |
18.03.2024 | Government Will Intervene If Startups Won’t Improve Governance Guardrails: Amitabh Kant | SUMMARY
At the Startup Mahakumbh, Kant indicated the challenges around regulations and financial management being faced by leading startups such as BYJU’s and Paytm
The Startup Mahakumbh is the latest showcase for the progress of the Indian... |
18.03.2024 | HCIN Networks Bags Funding To Boost Its Networking Solutions Portfolio | SUMMARY
This funding will help HCIN Networks improve its services and expand its reach in the telecom and internet infrastructure sector and streamline the implementation of current projects
HCIN's portfolio includes Airtel, Indus Tower, AB... |
16.03.2024 | Electoral bond data: Smaller companies donated larger share of profit | Smaller listed companies donated a larger share of their net profits through electoral bonds than their bigger peers.
The top 10 most valuable companies donated the equivalent of 0.2 per cent of their total profits over the preceding four y... |
16.03.2024 | US bankruptcy court issues ruling in favour of Byju's term loan lenders | The steering committee of the ad hoc group of term loan lenders (the “SteerCo”) of Byju’s $1.2 billion term loan today announced that Judge John T. Dorsey of the United States Bankruptcy Court for the District of Delaware (the “Court”) issu... |
15.03.2024 | Funds safe, claims edtech major Byju's after US court's freeze order | In a hearing presided over by Judge John T. Dorsey of the United States Bankruptcy Court for the District of Delaware, edtech firm Byju’s stated that the judge rejected the request made by the alleged debtor in possession and TLB Lenders fo... |
15.03.2024 | The Missing $533 Mn: BYJU’S Claims US Court Denied Relief To Creditors, Ordered Status Quo | SUMMARY
BYJU’S has claimed that the judge threw out the lenders’ request for a mandatory injunction that sought the deposition of the $533 Mn with the court
BYJU’S said that the lenders were working with “certain large investors” of the edt... |
14.03.2024 | Karnataka HC extends interim protection to Byju Raveendran till March 28 | The Karnataka High Court today extended the interim protection granted to edtech firm Byju’s till March 28, safeguarding founder Byju Raveendran against any potential ouster in an extraordinary general meeting (EGM) by investors.
On Februar... |
13.03.2024 | BYJU’S Vs BCCI: NCLT Likely To Pronounce The Order Next Week | SUMMARY
The Bengaluru bench of the NCLT scheduled the next hearing in the matter on March 20
During the hearing on Wednesday, BYJU’S counsels once again pushed for the case to be taken to arbitration
The BCCI dragged the embattled company t... |
13.03.2024 | Karnataka HC extends interim protection for Byju's CEO amid ousting threat | The Karnataka High Court has granted an extension of interim protection to Byju's CEO, Byju Raveendran, until March 28, shielding him from potential ouster decisions by foreign investors, according to a report by Bar and Bench.
The court's ... |
13.03.2024 | SoftBank-backed Meesho to roll out ESOP buyback program worth Rs 200 cr | Online shopping platform Meesho has announced a Rs 200 crore buyback of shares which were issued through Employee Stock Ownership Plan (ESOP), making it the company’s largest ESOP buyback pool to date.
Bengaluru-based Meesho has a total of ... |
12.03.2024 | Bank of Baroda launches green term deposit scheme with 7.15% interest | Bank of Baroda (BoB) has announced the launch of the bob Earth Green Term Deposit Scheme, aimed at raising deposits for financing eligible environment-friendly projects and sectors, the bank said in a release on Monday.
The scheme offers cu... |
12.03.2024 | CMS Info Systems appoints Puneet Bhirani to head operations | CMS Info Systems has appointed Puneet Bhirani as President of Operations.
This is a new role to consolidate service delivery and operations across business lines, the company said in a statement.
Rajiv Kaul, Executive Vice Chairman, Whole T... |
12.03.2024 | Byju's shuts all regional offices, asks 15,000 employees to work from home | In yet another controversial move, cash-strapped edtech company Byju’s has given up all its regional sales offices across India, keeping only its headquarters at IBC, Knowledge Park, Bengaluru. The offices which have been given up could be ... |
11.03.2024 | BYJU’S Relinquishes Most Office Spaces, Adopts Work-from-Home Policy | SUMMARY
All BYJU’S employees outside its headquarter and 300 BYJU’S Tuition Centres will now be working from home for an indefinite period
The development comes at a time when BYJU’S and its management are at war with investors and are enga... |
11.03.2024 | Byju's shuts down offices across India amid cash crunch; implements WFH | To streamline operations and reduce expenses, Byju's has announced the closure of all its offices across India, retaining only its headquarters at IBC, Knowledge Park, Bengaluru, according to a report by Moneycontrol. This move comes as a d... |
11.03.2024 | Coromandel Int'l delivers 200 drones to women SHGs to modernise farming | Agri-solutions provider Coromandel International has announced the delivery of 200 drones to women from Self Help Groups (SHGs), aimed at modernising agricultural practices. The initiative is part of the Central Government’s mission to bols... |
10.03.2024 | Byju's processes part of pending salaries, aims to pay balance soon | Byju’s has processed some portion of salaries to employees as the funds raised through a recent rights issue have been locked in a “separate account” due to the ongoing dispute with investors.
Byju Raveendran, founder and chief executive of... |
05.03.2024 | Byju's investors file caveats in SC expecting challenge to NCLT's order | Four investors of the edtech firm Byju’s have filed caveats in the Supreme Court, asking to be heard before any decision on a plea that is likely to be filed against a National Company Law Tribunal (NCLT) order.
MIH Edtech Investments BV, P... |
05.03.2024 | Expect India to be in our top 3 markets in 3 years, says Mercedes-Benz | Mercedes-Benz is optimistic about India becoming one of its top three overseas markets within the next three years as the demand for luxury cars continues to rise in the country, according to Sagree Sardien, its head of region overseas.
Ind... |
03.03.2024 | Camshaft says Byju’s unit is beneficial owner of $533M funds | Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations t... |
26.02.2024 | Poker Bankroll Management – Best Strategy for Poker Money | Every aspiring player needs to master the fundamentals of poker bankroll management. Without any money management skills, you’ll never move up the ranks and stay there. Here’s everything you need to devise your own bankroll management poker... |
19.02.2024 | BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue | SUMMARY
The rights issue is expected to conclude by the end of February
In January, BYJU'S initiated a rights issue to raise $200 Mn through equity rights, valuing the enterprise between $220-250 Mn
The troubled edtech giant anticipates fin... |
29.01.2024 | Byju’s to raise $200m via rights issue | InvestmentsNewsStartups
Samreen Ahmad · 30 Jan 2024 · 1 min readByju’s to raise $200m via rights issue
Photo credit: Byju’s
Think and Learn, the parent company of embattled edtech company Byju’s, said it is looking to raise US$200 million v... |
25.01.2024 | Byju’s US division files for bankruptcy protection | News
Jofie Yordan · 2 Feb 2024 · 1 min readByju’s US division files for bankruptcy protection
Photo credit: Glassdoor
A US division of Indian edtech firm Byju’s has been put into bankruptcy by a court-appointed agent, Bloomberg reported.
Th... |
23.01.2024 | Byju’s seeks new funding at less than $2 billion valuation, a 90% drop | Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch.
The Bengaluru-headquartered startup, once India’s most valuable, is look... |
18.01.2024 | Byju’s investors call to oust founder (update) | ManagementNewsStartups
Samreen Ahmad · 2 Feb 2024 · 2 min readByju’s investors call to oust founder (update)
Byju Raveendran / Photo credit: Byju’s
Several major backers of Byju’s, the embattled India-based edtech company, have called for a... |
12.01.2024 | Blackrock marks down Byju's valuation to $1 bn | Chennai: The valuation of ed-tech start-up Byju’s has been further marked down to $1 billion by its investor Blackrock. This is almost 95 per cent markdown from Blackrock’s earlier valuation.
With this, the valuation of Byju’s, which stood ... |
29.11.2023 | Prosus cuts India’s edtech star Byju’s valuation to $19bn | Education technology company Byju’s, once India’s highest-valued startup at over $22 billion, has seen its valuation plummet to below $3 billion, according to major investor Prosus, a recent TechCrunch report reveals. The staggering 86% wri... |
29.11.2023 | Prosus cuts Indian EdTech startup Byju’s valuation by 86%, from $22 billion a year ago to under $3 billion | Byju’s has just undergone an expensive haircut after its valuation was slashed by over 80 percent. In a significant setback for Indian education tech startup, investment giant Prosus NV announced on Wednesday it was valuing Byju’s at under ... |
10.11.2023 | Ranjan Pai invests $168 mn in Byju's Aakash to clear Davidson Kempner debt | Manipal Education and Medical Group chairman Ranjan Pai has invested $168 million (Rs 1,400 crore) in beleaguered edtech firm Byju’s’ test-prep subsidiary Aakash Educational Services Limited (AESL). This would help cash-strapped Byju’s repa... |
20.10.2023 | Manipal Group chairman Ranjan Pai in talks to invest $350 mn in Byju's | Manipal Group Chairman Ranjan Pai is in discussions to invest about $350 million as equity and debt in edtech firm Byju's, according to sources. A major portion of this investment is expected to be invested in Byju's-owned Aakash Educationa... |
17.08.2023 | Is Star Trek's Faster-Than-Light Warp Drive Possible? | Jeffrey Teodoro, Tech Times 17 August 2023, 07:08 am
For decades, the concept of faster-than-light travel has fueled the imaginations of science fiction enthusiasts, with Star Trek's warp drive standing as a prominent example. But could thi... |
13.07.2023 | Byju’s appoints new advisors amid mounting financial scrutiny | Consumer TechManagementNews
Grace Priscilla Teo · 13 Jul 2023 · 1 min readByju’s appoints new advisors amid mounting financial scrutiny
Photo credit: Shutterstock
Indian edtech giant Byju’s has appointed former State Bank of India chairman ... |
27.06.2023 | Prosus slashes edtech giant Byju’s valuation to $5.1 billion | Prosus, the largest non-founder shareholder in Byju’s, has drastically slashed the worth of its stake in the edtech giant, implying a starkly diminished valuation of $5.1 billion to the Indian startup.
Prosus disclosed on Tuesday that it ha... |
27.06.2023 | Prosus slashes India's Byju's valuation to $5 billion | BENGALURU (Reuters) - Dutch-listed technology investor Prosus NV has slashed the valuation of troubled Indian edtech startup Byju's to $5.1 billion according to its annual report, a fall of more than 75% from the startup's $22 billion valua... |
16.06.2023 | Что патентуют мировые лидеры edtech-индустрии | Edtеch, или образовательные технологии, сегодня считают одной из самых быстро растущих ниш. Эта сфера не очень богата на патенты, так как в образовательном процессе не так уж много решений, которые можно защитить с помощью этого инструмента... |
08.06.2023 | Edtech giant Byju's on the way to fire 1,000 employees: Report | Byju's, the Bengaluru-based edtech giant, which recently faced a massive valuation cut by its investor BlackRock, is reportedly leaving another 1,000 employees jobless, according to a Morning Context report.
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The affected empl... |
30.05.2023 | Blackrock, a minority investor in Byju’s, cuts startup valuation to $8.4 billion | Blackrock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most Indian valuable startup continues to raise capital at a better price.... |
14.05.2023 | Обзор технологических стартапов в образовании за последнюю неделю | Эммануэль Смаджа и Майкл Дэвис, соучредители Mpower financing
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Что стало известно об инвестировании в стартапы EdTech за прошедшую неделю
В порядке возрастания привлеченных инвестиций.
Anywyse
Платформа для аудиообуч... |