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EDTECH INVESTMENT NEWS
Byju's Aakash endgame; Startup deal street wakes upHappy Monday! Byju's US lenders and Manipal are close to sealing a settlement over Aakash. This and more in today’s ETtech Morning Dispatch.- Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
- 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...
- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.
- How consolidation is taking hold in fund-starved edtech sectorAccording to industry executives, the consolidation is being driven by the fact that smaller companies often offer unique propositions and ...
- ED issues show cause notice of Rs 9,362 crore to Byju’s for forex violationEarlier in the day, ET reported that ED had found alleged forex violations to the tune of Rs 9,000 crore by edtech giant Byju’s, citing sou...
- GST officials visit UpGrad office; routine survey, says companyThe news comes a day after ET reported that the directors of embattled edtech major Byju’s parent, Think and Learn Pvt Ltd, may be summoned...
- 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 ...
- Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investmentProsus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...
- Six in 10 Indian companies express intention to hire more freshers: SurveyAccording to the latest Career Outlook Report, the overall hiring intent for freshers to experienced professionals has marginally increased...
- 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 ...
- 2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
- ETtech Deals Digest: winter continues despite slight uptick in fundingHere is a look at all the startups that raised money in funding this week.
- Institutes told to cut ties with edtech firms; states line up to woo TeslaThe University Grants Commission (UGC) and the All India Council for Technical Education told educational institutes to cancel their partne...
- Byju's raises another $50 million led by IIFLIIFL led the round with a $35 million investment, while Maitri Edtech put in $15 million
- Byju's raises $460 million in funding, valuation soars to over $13 billionThis is the first investment in Byju’s this year, after the company raised over $1 billion in 2020, fueled by the pandemic which caused a m...
- India's education-tech sector sees $2.1 billion investment in 2020, says research reportHigher population of young workforce, socio-economic indicators, rising urbanisation, surging internet users and increasing amount of unemp...
- ETtech Bytes on 14 Jan. 2021: Top 5 Tech News Today, In 10 MinutesFrom Google’s action against lending apps in India to UBS AG's plan to pick up $400 million stake in Paytm, here are the top-five, must-rea...
- Cuemath secures $40 million in funding led by LGT Lightstone Aspada, Alpha Wave IncubationThe investment comes at a time when India’s edtech sector has seen a significant inflow of capital led by market leader Byju’s raising clos...
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