Mumbai|Bengaluru: Byju’s has closed a ₹2,000-crore round from Davidson Kempner Capital in a structured credit transaction against the cash flows of its test prep subsidiary Aakash Educational Services, two people directly aware of the development told ET. According to the people cited above, the transaction, which closed on Friday, is a three-year loan facility with … Read more
Abu Dhabi’s sovereign wealth funds are in active negotiations with Think and Learn Pvt Ltd, the parent of Byju’s, to be part of the $400-500 million fundraise that the company is planning, said people close to the development. Qatar Investment Authority (QIA), which had been in advanced talks to invest $250-350 million in the edtech … Read more
BANGALORE/MUMBAI: Byju’s has announced that it has acquired Mumbai based ed-tech start-up, WhiteHat Jr. Sources peg the deal at $300 million. This integration is aimed to help Byju’s further expand its offerings in India. This acquisition will also accelerate Byju’s US expansion plans. This partnership is timely with the Government of India pushing skills such … Read more