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BYJUS IPO
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...
- Sebi nod for Awfis IPO; Byju's NCLT saga continuesThe stock market regulator has greenlit coworking startup Awfis’ IPO plans. Details on this and more in today’s ETtech Top 5.
- Byju’s-owned Aakash Institute reports 82% rise in FY22 profit to Rs 79.5 croreOperating revenue during the period grew 45% to Rs 1,421 crore, as per the company’s filings with the Ministry of Corporate Affairs on Satu...
- Byju's senior executive exits, to lead US firm Impending IncAt Impending Inc, Thomas will focus on building and scaling the product portfolio, while strengthening and growing a global talent pool.
- Turmoil at Byju’s highlights hurdles for India startup sceneAlready stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-pro...
- Amid board trouble, Byju’s promises investors September deadline for FY22 audited resultsFounder Byju Raveendran and chief financial officer Ajay Goel, along with other leadership members, briefed about 75 shareholders on Saturd...
- Byju’s weighs IPO of its test prep subsidiary Aakash by mid-2024The announcement on the IPO for Aakash, which Byju’s acquired in 2021 for $950 million, has come amid the company reportedly facing a $40 m...
- Byju’s under fire: our top stories covering controversies surrounding the edtech majorByju’s, Indian highest-valued startup, had a torrid 2022 thanks to a series of controversies over its financials, unpaid loans, governance ...
- Byju's in process to raise $700 million at flat valuationThe transaction is taking place at an old valuation of $22 billion in the ongoing round.
- Byju’s is said to seek $250 million in Aakash pre-IPO fundingAakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the uni...
- Byju Raveendran raising funds to buy back up to 15% in edtech firm: reportCurrently, Raveendran owns about 25% of the edtech startup. Discussions with shareholders and financiers are still in the early stages and ...
- Byju’s eyes another $250-300M funding; Musk’s seven-day Twitter blitzkriegThree weeks after it said it would sack about 2,500 employees, and a fortnight after it raised $250 million from Qatar Investment Authority...
- Byju’s finalising IPO valuing tutoring unit at up to $4 billionThe company is in talks with at least four foreign banks -- JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanl...
- Byju’s raises $250 million funding from existing investors, eyes another $500 millionByju's, which continues to face overall scrutiny of its financials and business model, is in talks to raise another $500 million in funding...
- Byju’s closes $800 million pre-IPO fundraise at a valuation of $22 billionThe round, which comes ahead of its planned initial public offering (IPO), values the Bengaluru-based company at about $22 billion, people ...
- ET Startup Awards 2021: Zomato wins Startup of the Year awardZomato's blockbuster IPO—among the biggest for the Indian stock markets—not only received major institutional capital but also stirred mass...
- 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 puts IPO plans into overdrive, to raise $400-600 million firstByju’s could close the pre-IPO funding round in a few weeks at a valuation of about $21 billion and then seek a valuation of $40-50 billion...
- Byju’s to accelerate IPO plans as India tech boomsThe Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion, said one of the...
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