Wednesday, 18 May, 2022
TopicByju’s

Topic: Byju’s

Byju’s global expansion: EdTech pioneer eyes Chegg or 2U, weighs US acquisition

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.

Mass layoffs, offline classes: How edtech is coping with schools, colleges reopening

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.

Now, tuitions at Byju’s: Edtech giant launches in-person coaching for kids in classes 4-10

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 negotiates merger with special-purpose acquisition companies, to go public within a month

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.

Byju’s ad shows teachers’ tough love. Reminds me of Sergeant Hartman from Full Metal Jacket

The Byju’s ad looks similar to the classic Bournvita ad campaign, Taiyari Jeet Ki, where parents can be seen aggressively training their kids.

India’s ed-tech is a predatory market. Modi govt can learn from UK, US

Companies like Byju’s, Unacademy might have adopted a ‘code of conduct’ to ward off regulation, but Modi govt must still fill digital governance gaps.

Bjyu’s acquires coding platform Tynker for $200 million to grow in US

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.

Edtech startup Byju’s to accelerate IPO plans, in talks to raise up to $600 mn

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.

On acquisition spree, Byju’s buys higher education platform Great Learning for $600 mn

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.

Byju’s to buy medical, engineering entrance coaching leader Aakash in $1 billion mega deal

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.

On Camera

YourTurn

Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

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.
Congress supporters staged a protest against inflation in Ranchi on 10 May | ANI

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

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.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

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.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

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.
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