Byju’s
TMT
PhysicsWallah soars 45% in trading debut, notches $5 bn valuation
Shares of PhysicsWallah rose 45% in their trading debut on Tuesday, valuing the Indian edtech firm at $5.1 billion, as ......
TMT
Manipal Education to bid for bankrupt parent of ed-tech firm Byju's
India's Manipal Education and Medical Group said on Thursday it had submitted an expression of interest to bid for bankrupt ......
General
Grapevine: Manipal emerges sole bidder for Byju's parent; JSW to raise funds for AkzoNobel buy
Ranjan Pai’s Manipal Education & Medical Group (MEMG) has submitted an expression of interest to acquire assets of Think & ......
TMT
WestBridge-backed PhysicsWallah files for $437 mn IPO
Indian education technology platform PhysicsWallah has filed for an initial public offering worth 38.20 billion rupees ($437 million), draft papers ......
Consumer
Aakash Educational Services hits a wall in FY25 as enrolments slow and costs bite
Aakash Educational Services Ltd (AESL), the operator of one of India’s largest chains of coaching institutes, has recorded a drop ......
TMT
Byju's creditors force it to sell US units Epic and Tynker for dirt cheap
Beleaguered edtech Byju’s has been forced to sell its two US-based companies–reading platform Epic and kids coding platform–in a fire ......
Consumer
Ranjan Pai's Manipal Group set to gain majority stake in Blackstone-backed firm
Billionaire Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG), is likely to soon take a controlling stake in ......
Manufacturing
Supreme Court's reversal of $2.3 bn JSW-Bhushan deal casts shadow on bankruptcy law
A decision by India's Supreme Court to quash a $2.3-billion steel industry deal six years after an insolvency tribunal approved ......
Finance
Byju's Alpha sues Raveendran, wife, exec over alleged misappropriation of $533 mn
Byju’s Alpha, the Delaware-based special purpose finance vehicle of the embattled Indian edtech company Byju's, has filed a lawsuit against ......
TMT
Why PhysicsWallah backer WestBridge is still keen on edtech despite Byju's downfall
Private equity firm WestBridge Capital will continue to look for investment opportunities in India’s edtech sector, a top executive told ......
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