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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Byju’s downfall has grim echoes of the fate that once befell Educomp and NIIT. Before hitting the wall, all three charted out aggressive growth plans on the back of investors’ immense faith.
The cloud of uncertainty over edtech startup Byju’s is growing thicker by the day. Once a torchbearer for India’s edtech sector, the company is fighting for survival, its fall from grace fairly sudden, and dramatic.
It was only two years ago that Byju’s became India’s most valuable startup. Private equity investors couldn’t get enough of it. The company was even considering a public market listing in the US. Today, amid mounting losses, it is embroiled in a legal battle with lenders over a $1.2 billion term loan B it raised in the US in 2021.
However, on Tuesday, a Delaware …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
