Page 35 - Byju's

At $16.5 bn, Byju's most valuable startup in India after raising $350 mn

As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world

Competition Comm clears Byju's buyout of Aakash Educational Services

The Competition Commission has approved ed-tech startup Byju's proposed acquisition of Aakash Educational Services Ltd (AESL). The deal, estimated to be worth around USD 1 billion, which will bolster Byju's presence in the test preparation segment in the country, was announced in April this year. On Tuesday, Competition Commission of India (CCI) said it has approved the proposed combination relating to Think & Learn Pvt Ltd (Byju's) acquisition of certain stake of AESL and thereafter their merger. "The proposed combination will result in merger of AESL into Byju's, as a consequence of which, Byju's will be the surviving entity. As such, Byju's shall effectively acquire complete and sole control over AESL," an official release said on Tuesday. Deals beyond certain threshold require approval from CCI. Byju's provides online educational services while AESL offers curriculum-based coaching for K-12 students and test preparatory services for various competitive examinations.

Edtech firm Byju's and Google tie up to offer learning solution to schools

Integration of Google Workspace for Education with Byju's will offer a personalised digital platform for classroom organisation, available free to participating institutions

Byju's to raise $150 mn from UBS, to be valued at $16.5 bn: Report

Byju's is raising about USD 150 million from UBS Group AG that will value the edtech major at about USD 16.5 billion, according to sources. UBS could also infuse additional funding into Byju's that has seen significant growth in the past few quarters on the back of strong uptake of online education, the sources close to the development said. Byju's declined to comment, while response from UBS Group AG could not be immediately ascertained. Think & Learn Pvt Ltd, which operatesByju's, is backed by marquee investors like Mary Meeker, Yuri Milner, Chan-Zuckerberg Initiative, Tencent, Sequoia Capital, Tiger Global and others. It is estimated to have raised over USD 2 billion in funding to date. Byju's is said to be looking at raising USD 600-700 million in funding to further accelerate growth. Earlier this month,Byju's, which is the most-valued edtech start-up in the country, had acquired Aakash Educational Services Ltd (AESL) to bolster its presence in the test preparation segment in

Jio Platforms, Byju's in Time's first list of 100 most influential firms

Two Indian firms, Reliance Industries' technology arm Jio Platforms and e-learning startup Byju's have figured in the Time Magazine's first-ever list of 100 most influential companies

Numerology helped close Byju's deal: Aakash Educational's J C Chaudhry

JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he did the deal with Byju's based on numerology

Top headlines: Maharashtra Home Minister resigns; Byju's acquires Aakash

Growth in manufacturing slowed to the lowest rate in seven months, Investors' wealth tumbled over Rs 4.54 trillion in morning trade on Monday as markets crashed and other top news of the day

Byju's acquires Aakash Educational Services for $1 bn via strategic merger

The addition of Aakash is a significant step towards strengthening Byju's product offering

Byju's raises $460 mn in ongoing Series F round led by MC Global Edtech

As reported earlier, Byju's is in talks to raise up to $700 million from new and existing investors in a fresh funding round

Byju's likely to close $800-million Aakash Educational deal by March

The edtech decacorn which is valued at about $12 billion is scouting global markets including the U.S and India to acquire many other smaller rivals which could help it scale up faster

For investors, edtech is the darling of the day: Kaizen's Sandeep Aneja

By 2025, estimates indicate the sector will touch $12 billion. Last year saw a higher amount of total investments in the sector compared to investment of $1.7 billion in the last 10 years combined

Talks with Byju's on, but could take several weeks: Aakash Educational MD

Talks for a partnership with Indian unicorn Byju's reflect several prescient moves by this second-generation promoter

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

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Byju's in talks to buy Aakash Educational Services for $700 million

New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India

Unacademy gears up to take on Byju's K-12 education, coding space

Flush with fresh funds, the Bengaluru-based company is planning to make acquisitions and pick strategic stakes in firms

Indian edtech startups see investment of $2.22 bn in 2020, shows data

Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020

This ex-Apple techie is helping India's blue-collar workers find jobs

Nirmit Parikh went undercover as a factory hand in Ahmedabad for a few days before the lockdown, to understand the ground realities of grey and blue-collar workers

Indian unicorns diversifying to newer biz segments ahead of mega-IPO plans

A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans

Byju's valuation increases to $11.1 bn after latest funding round

Byju's has seen tremendous growth in the last few months. Since the lockdown, it has added over 25 million new students on its platform