Wednesday, May 22, 2024
Outlook India
Outlook Business

Divya Gokulnath

Ahead of the EGM, a group of four investors of Byju's filed an oppression and mismanagement suit against the management of the company in the Bengaluru bench of the NCLT

The Internet and Mobile Association of India (IAMAI) is a not-for-profit industry body and the country's only organisation representing the digital services industry

The edtech had procured Epic! Creations Inc. and Great Learning Education Pte. in a deal valued at approximately $800 million in 2021

The company has introduced a new suite of three AI models under BYJU's WIZ suite -- BADRI, Math GPT, and TeacherGPT -- to understand students' learning patterns and develop methodology on its own that will help them learn better

In Budget 2023, the education sector saw a hike of around 8 per cent, with an allocation of Rs 1.12 lakh crore against the Rs 1.04 lakh crore allocated last time

Speaking about the education sector, she said, "The budget proposals like teachers training and National Digital Library align with the NEP schools and by investing in cutting-edge digital infrastructure and nurturing an innovation-driven culture

Last year, the company launched 300 physical centres and planned a $210 million investment

Onboarding a footballing legend like Lionel Messi while laying off people raises questions on whether the edtech brand is investing more in fanboy moments than running a profitable enterprise