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Byju's seeks to raise $200 mn to service immediate liabilities

TMT

29 January, 2024

Byju's seeks to raise $200 mn to service immediate liabilities

Edtech player Byju's is looking to raise $200 million from its existing equity investors through a rights issue it launched ......

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Grapevine: Edelweiss raises second infra fund; Jindal Power drops M&A plan

General

25 January, 2024

Grapevine: Edelweiss raises second infra fund; Jindal Power drops M&A plan

Edelweiss Alternatives has raised over Rs 8,000 crore (almost $1 billion) for its second infrastructure fund, Edelweiss Alternatives Infrastructure Yield ......

Byju's FY22 loss widens to over $1 bn even as revenue more than doubles

TMT

23 January, 2024

Byju's FY22 loss widens to over $1 bn even as revenue more than doubles

Think & Learn Pvt. Ltd, the company that operates edtech platform Byju’s, posted a wider loss for the financial year ......

Byju's to raise funds at 90% valuation cut: Report

TMT

23 January, 2024

Byju's to raise funds at 90% valuation cut: Report

Embattled Indian edtech startup Byju's is looking to raise more than $100 million from existing stakeholders but at a steep 90% ......

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Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

TMT

12 January, 2024

Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on ......

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Deals Digest: Momentum slows even further than last week's lows

General

05 January, 2024

Deals Digest: Momentum slows even further than last week's lows

Private equity and venture capital deal flow started 2024 on a snail-like pace as momentum in terms of value remained ......

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No respite for Byju's as startup sees another top-level management exit

People

02 January, 2024

No respite for Byju's as startup sees another top-level management exit

The year 2024 may start on a bitter note for edtech unicorn Byju’s, with another top-level exit after multiple resignations ......

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Grapevine: Reliance, Disney ink term sheet for media merger; SoftBank cuts FirstCry stake

General

26 December, 2023

Grapevine: Reliance, Disney ink term sheet for media merger; SoftBank cuts FirstCry stake

Reliance Industries Ltd and Walt Disney Co have signed a non-binding term sheet to merge their India media and entertainment ......

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Grapevine: Byju's may need Epic sale funds for own ops; Bira91, MoveInSync eye funding

General

05 December, 2023

Grapevine: Byju's may need Epic sale funds for own ops; Bira91, MoveInSync eye funding

Cash-strapped edtech firm Byju's may use a portion of the funds it intends to generate by selling US-based unit Epic ......

Prosus slashes Byju's valuation to under $3 billion

TMT

29 November, 2023

Prosus slashes Byju's valuation to under $3 billion

Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less ......