Wednesday, 18 May, 2022
TopicByju’s

Topic: Byju’s

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

Saritha Rai -
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

+TFP Kritika Sharma -
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

Kritika Sharma -
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

Saritha Rai -
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

Shubhangi Misra -
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

Vivan Sharan -
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

Saritha Rai -
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

Saritha Rai -
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

Saritha Rai -
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

Saritha Rai -
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.
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Opinion

Chinese President Xi Jinping | Representational image| kremlin.ru

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

Kalpit Mankikar -
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.
Illustration by Soham Sen

Forget Gyanvapi for a moment, Varanasi needs justice for a recent carnage: 2006 IM bombings

Congress Chintan Shivir to conclude today, CWC to give final nod to committees' recommendations

For long, Congress wavered on social justice. Now it’s waking up to BJP’s OBC politics

Economy

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

Neelam Pandey -
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

Snehesh Alex Philip -
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.

National Interest

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

Shekhar Gupta -
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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