Byju’s is planning to raise $500-600 million from Abu Dhabi’s sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. “There is no change in Byju’s valuation. The new fundraising process is still going on,” said a person familiar with the matter. “Any new valuation would be determined in the futureByju’s is planning to raise $500-600 million from Abu Dhabi’s sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. “There is no change in Byju’s valuation. The new fundraising process is still going on,” said a person familiar with the matter. “Any new valuation would be determined in the future as it is very tough for investors to do that in this environment.” as it is very tough for investors to do that in this environment.”
Posts tagged Rediff
How will India’s 400m 2G users upgrade to 4G or 5G? (22-10-2022)
With India rolling out 5G services, can telcos get the sizeable 350-400 million 2G customers to upgrade to 4G, or even better — but very improbably — straight to 5G?
GST Council may take up e-game tax in December meet (22-10-2022)
It will also be new Revenue Secretary Sanjay Malhotra’s first GST Council meeting. He will take charge after the incumbent Tarun Bajaj retires on November 30.
Why Is EPFO Hiring Law Firms? (21-10-2022)
The law firms will provide legal opinion on matters related to interpretation of various statutes, such as the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, among other things.
Why Is EPFO Hiring Law Firms? (21-10-2022)
The law firms will provide legal opinion on matters related to interpretation of various statutes, such as the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, among other things.
Crypto industry faces funds dry-up, exchanges may shut (20-10-2022)
Several exchanges are facing a cash crunch with committed investment not coming from venture capital funds and trading activity seeing a sharp decline, reports Rajesh Bhayani.
Crypto industry faces funds dry-up, exchanges may shut (20-10-2022)
Several exchanges are facing a cash crunch with committed investment not coming from venture capital funds and trading activity seeing a sharp decline, reports Rajesh Bhayani.
Ban Loss-Making Companies’ IPOs! (20-10-2022)
The most important step is delivering what is needed — a fairer IPO pricing, notes Debashis Basu.
Investors! ‘Choose sectors, companies carefully’ (20-10-2022)
‘2022 has not been — and will not be — the kind of 2021 bull market, which lifted all boats.’
Committed to open offer for NDTV, says Adani (19-10-2022)
In a stock exchange filing, Adani Enterprises Ltd said VCPL has urged SEBI “to provide its observations on the draft letter of offer filed in relation to the open offer, in accordance with the SEBI (SAST) Regulations.”