Wednesday, April 24, 2024
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Edtech

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

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While the interim budget 2024 just indicated what might come in the full budget in July, some major announcements on education and innovation have been received well by the edtech sector

After major investors Blackrock and Prosus cut the valuation of the edtech firm to $1 billion and $3 billion, respectively, the latest rights issue pegs the pre-money valuation at a meagre $25 million, slumping more than 99% from its peak valuation of $22...

According to court filings, Byju's Alpha Inc has total assets between $500 million and $1 billion, with listed liabilities ranging from $1 billion to $10 billion

Under the collaboration, Physics Wallah (PW) will conduct online classes in 84 schools across the state equipped with smart classroom facilities and customised batches

Industry stakeholders are pinning their hopes at various fiscal policies that can strengthen the sector, including a reduction in the GST tax slab

Edtech Infinity Learn by Sri Chaitanya delivers outcome-based learning, serving a community of over 7 million registered users

The edtech platform has achieved 400% YoY revenue growth and aims to upskill 2.5 million people in 2024

In October 2023, BlackRock valued Byju's shares at approximately $209.6 each, marking a substantial decline from the peak of $4,660 in 2022