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EDTECH GIANT
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...- Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, w...
- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- 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 ...
- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- 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.
- Upgrad, Unacademy betting on AI to disrupt edtechGaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edtech playbook when it entered the m...
- Byju’s crisis timeline: From edtech giant to fighting legal battlesByju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding sho...
- Byju Raveendran, Divya Gokulnath outline future plans, deny wrongdoing amid legal troublesRaveendran, founder and CEO of embattled edtech giant Byju’s, along with cofounder Gokulnath, has spoken out about the company’s turbulent ...
- Viral video: Frustrated parent takes TV from Byju's office over refund disputeIn an unconventional attempt to recover money from Byju’s after facing difficulties obtaining a refund for an unused tablet and learning pr...
- Prosus undertakes internal reorganisation, appoints separate leaders for edtech and food deliveryAs part of the reshuffle, Larry Illg, who was acting as the chief executive of the combined segment (food delivery and edtech), will be ste...
- Byju's seeks investors to sell stake in Aakash Education: reportThink & Learn, Byju's holding company, is looking to dilute up to 20% of its total 70% equity stake in Aakash Education, said a report from...
- Byju's staff reveal harsh work conditions at edtech giantFounded in 2011, the Bengaluru-based startup launched its learning app in 2015 and soon snowballed into a multibillion-dollar behemoth - an...
- BYJU's gets clean FY21 audit from Deloitte after 17 months delayPeople privy to the development told IANS that the edtech firm will hold a board meeting in a day or two, before making the audited financi...
- Karti Chidambaram wants govt to probe edtech giant Byju's financesKarti Chidambaram said that "Byju's has not yet gotten its financial statements for FY2020-21 audited from its auditor Deloitte, and will t...
- Byju's cuts 600 jobs across Toppr and WhiteHat Jr as Indian edtech space shrinksByju's subsidiaries laid off 600 employees as Indian edtech space reels under global macroeconomic headwinds.
- Byju Raveendran to focus on global business, to hand over India operations to COOThe latest development comes as edtech companies like BYJU's-run WhiteHat Jr, Unacademy, Vedantu, and Lido Learning, are at the forefront o...
- Is it the end of joyful days for Indian edtech?As this bubble bursts, we can expect a lot more pain before things stabilise. But there are a few lessons already emerging for stakeholders.
- Edtech startup Bhanzu raises $2 million from Lightspeed and othersThe round also saw participation from angel investors and founders of Indian startups, including Nitin Gupta, Uni chief executive; Kunal Sh...
- Byju's in talks to go public via SPAC at $48bn valuation: SourcesAdvanced discussions are ongoing with Churchill Capital's SPAC about the deal that could be completed in the next few months, sources close...
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