
US investors slash valuation of Byju's by 62%, Meesho by 10%
Blackrock, which manages over $10 trillion in assets, had first entered Byju's roster of marquee investors at a $12-billion valuation in 2020.
Blackrock, which manages over $10 trillion in assets, had first entered Byju's roster of marquee investors at a $12-billion valuation in 2020.
Alpha Inc, a non-operative entity of the company in the US, is currently facing a lawsuit in the Delaware court, on behalf of the lenders, who are owed $1.2 billion.
Byju Raveendran says the startup has received ₹28,000 crore as FDI.
Edtech startup says the visit by officials from the Enforcement Directorate was related to a 'routine inquiry' under FEMA.
A further 70 unicorns were started by Indian co-founders outside of India, taking the total to 138 unicorns founded by Indians around the world, says Hurun’s Global Unicorn Index 2023
Fortune India’s MPW Award winners are leaders to emulate.
Profitability over growth is the new mantra as start-ups course-correct to keep the funding tap on.
Edtech unicorn's valuation falls 50% as BlackRock marks down 1% stake in ed-tech major
The child rights organisation has already summoned Byju Raveendran on December 23 over alleged malpractice of hard selling and misspelling of its courses to the students, based on a news report.
Amazon Academy will discontinue operations starting August 2023; to wind down in a phased manner to take care of current customers.