The startup said it expects layoffs at its product, content, media & technology teams and revision of sales & marketing approaches to result in 'sizable savings' with no impact on growth.
Byju’s is said to have made the offer of about $15 a share to 2U’s board last week. The offer represents a 61% premium to 2U’s closing price of $9.30 on Nasdaq on Tuesday.
Until now, India's edtech boom was characterised by online video sessions and pre-recorded lessons. Proponents of metaverse classrooms have a whole other thing planned.
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.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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