Page 14 - Byju's
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
 "Talks with Byju's on, but could take several weeks: Aakash Educational MD")
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
 "Tiger Global, others buy $50 mn shares from existing investors of Unacademy")
Top headlines: Infosys profit rises 17%, US House asks for Trump's removal
Business Standard brings you top news of the evening
 "Top headlines: Infosys profit rises 17%, US House asks for Trump's removal")
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
 "Byju's in talks to buy Aakash Educational Services for $700 million")
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
 "Unacademy gears up to take on Byju's K-12 education, coding space")
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
 "Indian edtech startups see investment of $2.22 bn in 2020, shows data")
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
 "This ex-Apple techie is helping India's blue-collar workers find jobs")
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
 "Indian unicorns diversifying to newer biz 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
 "Byju's valuation increases to $11.1 bn after latest funding round")
Byju's acquires 3D virtual lab startup LabInApp to bolster edtech presence
With this, Bjyu's, which is currently valued at around $11 billion, has already acquired half a dozen apps in edtech platforms in a bid to become a super app in the edtech space
Silver Lake bets big on marquees as it grows its pool of India investments
US-based global technology fund has already committed to over $2 billion investment in the country this year
 "Silver Lake bets big on marquees as it grows its pool of India investments")
We are nowhere close to saturation in edtech space: Byju's founder & CEO
Byju's has received investments from Mary Meeker and Yuri Milner, and now from private equity firm Silver Lake, taking valuation close to $11 bn. In an interview, the CEO tells us what all this means
With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn
Byju's is rapidly narrowing the gap to become the most valuable startup in the country after digital payments firm Paytm, which is valued at around $16 billion
 "With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn")
Top headlines: Rating firms cut GDP forecast, hiring outlook at 15-year low
Global rating and research houses, such as Fitch and Goldman Sachs, have cut their estimates for growth in India's GDP for the current fiscal 2020-21.
 "Top headlines: Rating firms cut GDP forecast, hiring outlook at 15-year low")
Isha, Akash Ambani, Byju, Poonawalla debut on Fortune's '40 under 40' list
The list covers five sectors including finance, technology, health, government/politics and media/entertainment
 "Isha, Akash Ambani, Byju, Poonawalla debut on Fortune's '40 under 40' list")
Tech-sharing deals put Indian start-ups in fix with China's new controls
Beijing has added 23 technologies to its list of regulated exports; move could affect start-ups that have IP co-creation as part of investment deal with Chinese VC investors, say experts
 "Tech-sharing deals put Indian start-ups in fix with China's new controls")
Byju's raises $122 mn from Israeli-Russian billionaire Milner's DST Global
However, there has been no change in Byju's valuation after this funding
 "Byju's raises $122 mn from Israeli-Russian billionaire Milner's DST Global")
Covid-19 pandemic puts the bloom on edtech sector as learning goes online
Start-ups jostle to tap India's $180-billion education sector as Covid-19 forces learning to go online
 "Covid-19 pandemic puts the bloom on edtech sector as learning goes online")
IPL 2020 title sponsorship: Tata, Jio, Patanjali among firms in the fray
Unacademy, Patanjali also among Indian contenders; Byju's and Dream11 too enter bids
 "IPL 2020 title sponsorship: Tata, Jio, Patanjali among firms in the fray")
Karan Bajaj says will not build another startup after WhiteHat sale
After the blockbuster sale of WhiteHat Jr for $300 million to Byju's, the former's founder Karan Bajaj said he is a 'wanderer' who will neither go back to creating another startup
 "Karan Bajaj says will not build another startup after WhiteHat sale")
