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Reliance-controlled Embibe set to acquire ed-tech startup, VCs to take haircut

By Bruhadeeswaran R

  • 11 Dec 2019
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Reliance-controlled Embibe set to acquire ed-tech startup, VCs to take haircut
Credit: 123RF.com

Ed-tech startup Embibe, which is majority-owned by Reliance Industries Ltd, is in advanced stages of discussion to acquire a peer that recently faced insolvency proceedings, according to a person close to the development. Embibe has signed a term sheet to acquire Next Door Learning Solutions Pvt. Ltd, which runs multi-lingual test ......

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