India's most valuable startup has lined up conditional debt commitments of more than $1 billion to finance the acquisition, but it's possible no deal will materialise.
With real-world campuses back in action, edtech platforms like BYJU’S and Unacademy have been forced to make changes. But experts agree: it isn’t game over yet for e-learning.
Offline classes in maths, sciences announced for school pupils through 500 centres across 200 cities. Only available combined with online classes in hybrid mode.
Byju's is leaning towards a SPAC merger instead of a traditional IPO because it sees value in having U.S. investors and strategic partners, people familiar with the matter said.
Tynker, launched in 2013, offers classes, camps on coding. The company's co-founders Krishna Vedati, Srinivas Mandyam & Kelvin Chong will remain in their roles after the acquisition.
Byju’s is aiming to file its initial IPO documents as early as the second quarter of next year. The startup and its bankers are discussing a valuation of $40 billion to $50 billion.
The acquisition marks an entry to higher education segment for Byju’s as it plans to combine its technology with Great Learning’s courses in areas such as design and cloud computing.
In the deal with Byju’s, Aakash’s founders, the Chaudhry family, will exit completely, while Blackstone will swap a portion of its 37.5% equity in Aakash for Byju’s stake.
Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.
China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.