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BYJUS DEAL
VCs turn the screws; Ex-Paisabazaar CEO’s new betHappy Friday! Investors are rewriting the rules of engagement with founders after governance blowups. This and more in today’s ETtech Morni...- VC contract terms get tougher on founder shares after governance lapsesVenture capital firms are tightening founder contracts, with nearly 76% of Indian startups now allowing the forfeiture of vested shares for...
- 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 ...
- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- UpGrad, Unacademy file application with CCI for mergerEdtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merger. UpGrad will acquire Unacademy ...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- UpGrad-Unacademy deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
- Byju’s puts Epic, Great Learning on sale to clear $1.2 billion loanByju’s has been working with bankers to sell the two assets to strategic investors and the sources told us it has garnered some interest. S...
- Davidson Kempner sends legal notice to Byju's arm Aakash for loan covenant breachIn the legal notice which was sent to the company last week, Davidson Kempner said it reserves the right to invoke Aakash’s pledged shares ...
- Consortium of Byju’s lenders extends pact to deal with edtech jointly: reportAn earlier pact signed by the lenders’ consortium, which requires them to act in concert in negotiations with the edtech, is set to expire ...
- Byju's said to offer more than $1 billion for 2U to expand in USByju’s made the offer of about $15 a share to 2U’s board last week. The offer represents a 61% premium to 2U’s closing price of $9.30 on th...
- Byju’s spends $2 billion for acquisitions over six months, adds Great Learning, Toppr to listByju’s still has cash of $1 billion after financing these acquisitions and that capital will be used as investment to scale these new platf...
- Byju's among most active TMT cos across global M&A market in 2021: ReportBengaluru-based Byju’s (Think and Learn) has emerged as the most active media & telecom (TMT) company across the global merger and acquisit...
- 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...
- Byju’s valuation tops $15 billion after over $1-billion fundingByju’s, India’s most valued edtech startup, has raised $1.51 billion in three tranches of Series F funding round. The capital raised is lik...
- ETtech Deals Digest: Byju's, Firstcry raise funds, Wipro buys AmpionA look at the key tech deals and startup funding rounds struck in the week to April 2.
- Byju’s set to buy rival Toppr for $150 million: ReportNews of a potential Byju’s-Toppr deal comes at a time when India’s largest edtech startup is said to have signed a deal to acquire Aakash I...
- Byju's signs billion-dollar deal to acquire Aakash Educational Services: ReportThe deal for what will be one of the largest edtech acquisitions in the world should close in the next two or three months.
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