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Byju's cuts 1,000 more jobs as tight funding conditions, US court battle weigh

TMT

20 June, 2023

Byju's cuts 1,000 more jobs as tight funding conditions, US court battle weigh

Edtech unicorn Byju’s has laid off around 1,000 employees in the past few days, multiple people aware of the development ......

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Deals Digest: Total funding slips again but Ozone, Course5 get big cheques

TMT

09 June, 2023

Deals Digest: Total funding slips again but Ozone, Course5 get big cheques

The total value of private equity and venture capital deals in India took a hit again this week from the ......

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Grapevine: Goldman Sachs eyes healthcare bet; Waterfield plans new fund-of-funds

General

09 June, 2023

Grapevine: Goldman Sachs eyes healthcare bet; Waterfield plans new fund-of-funds

Goldman Sachs is in advanced talks to invest in a Sequoia-backed healthcare company, focused on nephrology, neurology and critical-care segments, ......

Byju's ceases $1.2 bn loan repayment, sues lenders over 'technical default' dispute

TMT

06 June, 2023

Byju's ceases $1.2 bn loan repayment, sues lenders over 'technical default' dispute

Indian education technology startup Byju's filed a suit against investment management firm Redwood to challenge the acceleration of a $1.2 ......

Byju's plans to take Aakash public next year

TMT

05 June, 2023

Byju's plans to take Aakash public next year

Edtech decacorn Byju’s is planning to take its wholly-owned test prep unit Aakash Educational Services Ltd public by mid-next year. Byju’s, ......

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BlackRock cuts Byju's valuation as another investor marks it up

TMT

30 May, 2023

BlackRock cuts Byju's valuation as another investor marks it up

BlackRock Inc., the world’s largest asset manager, has marked down the value of its stake in Byju’s but another public ......

Byju's refutes claims made in US court, calls it 'bewildering'

TMT

19 May, 2023

Byju's refutes claims made in US court, calls it 'bewildering'

Edtech giant BYJU'S has refuted claims that it is hiding $500 million through its US-based company, BYJU'S Alpha. Terming BYJU's ......

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Leverage Edu in talks with global VCs to secure Series C cheque

TMT

19 May, 2023

Leverage Edu in talks with global VCs to secure Series C cheque

Leverage Edu, an overseas-focused higher education counselling platform run by Leverage EdTech Pvt Ltd, is in discussions with a clutch ......

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Grapevine: Byju's US arm accused of hiding $500 mn; Infibeam unit plans listing

General

19 May, 2023

Grapevine: Byju's US arm accused of hiding $500 mn; Infibeam unit plans listing

Lenders have accused Byju’s US-based entity of hiding $500 million as part of a fight between creditors and the edtech ......

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Grapevine: Allianz-Shapoorji may exit IT park; Byju's, Credgenics in funding talks

General

09 May, 2023

Grapevine: Allianz-Shapoorji may exit IT park; Byju's, Credgenics in funding talks

Allianz Real Estate and Shapoorji Pallonji Group, which had bought Hyderabad office complex WaveRock for $250 million in 2019, is ......