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From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
SC stays Kerala HC order directing Byju’s RP, EY India chairman, Glas Trust to appearThe Supreme Court has halted contempt proceedings against Byju's resolution professional and EY India chairman. These proceedings were rela...
Qcomm cos on govt radar; Tata upskills in TaiwanHappy Wednesday! The government may step up surveillance on quick commerce dark stores over rising hygiene concerns. This and more in today...
Byju’s US assets Epic and Tynker sold for a songComputer science education company CodeHS has acquired Tynker for $2.2 million in cash, a significant drop from the $200 million that Byju’...
Fire sale at Byju’s; Meesho’s pre-IPO moveTroubled edtech startup Byju’s is selling its US assets at steep losses, mandated by a US bankruptcy court. This and more in today’s ETtech...
The downfall of India’s hot startup is wiping out US debtholdersByju's, India’s most valuable startup, faced a corporate collapse after borrowing $1.2 billion in the US. Legal issues arose when $533 mill...
NCLT directs Byju’s to maintain status quo, halts $200 million rights issueThe National Company Law Tribunal (NCLT) has directed edtech major Byju's to maintain status quo in its shareholding, pausing its controver...
New-age stocks recover post poll results; Ixigo IPO launchA day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the num...
Startups’ new hiring strategies; unprecedented poll buzz onlineHappy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut...
Byju's files much-delayed FY22 financials, core biz revenue at Rs 3,569 crore, losses at Rs 2,253 croreThe earnings before interest, taxes, depreciation, and amortisation-based loss of the core business was down from Rs 2,406 crore to Rs 2,25...
Byju's pushes back payments for billion-dollar Aakash deal“WhiteHat Jr is focused on providing quality education to young students while continuing to build a strong business. To realign with our b...
Byju’s looks to invest $200 million to grow its offline playThe company conceptualised its offline foray last year after the acquisition of tutorial chain Aakash Education Services for an estimated c...
RBI flags digital currency concerns; Byju’s $100M buyOn Wednesday, RBI governor Shaktikanta Das said cybersecurity and digital fraud were the biggest challenges in launching a CBDC in India.
Byju’s acquires Austria’s math platform GeoGebra in $100 million dealAs part of the deal, GeoGebra will continue to operate as an independent unit within the Byju’s group under the leadership of its founder a...
Byju’s views its acquisitions as integrations, founder saysIn the past one year, Byju’s has spent at least $2 billion to acquire edtech startups—from Aakash Institute in India to Great Learning in S...
Eupheus Learning acquires ClassKlap for $19 millionEupheus Learning has been focused on premium schools, and it has a distribution reach of 13,000 schools. ClassKlap has been dominant in the...
ETtech Deals Digest: Apna, Mobile Premier League enter unicorn clubIndia’s startup ecosystem minted two new unicorns this week—one of them the youngest to enter the coveted billion-dollar valuation club. Me...
A16z in talks for first India bet; Byju’s buys againAndreessen Horowitz, the storied Silicon Valley venture capital firm, is close to making its first investment in a startup in India—cryptoc...
Tata Digital's cosmetics play; Byju's acquires TynkerTwo weeks ago we reported that Tata Digital was postponing its SuperApp launch. Now, our sources tell us the company is wrapping up plans t...
Byju’s buys coding site Tynker to beef up US expansionByju's has now acquired three edtech startups in the US—Epic and Osmo and now Tynker. All three acquisitions map back to its goal of invest...