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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.
The Chaudhry family has told Byju’s it will not exchange the 18% stake they still hold in Aakash, which Byju’s had acquired in 2021.
It looks like the Aakash-Byju’s saga is headed to court.
The Chaudhry family, which founded Aakash Educational Services, has told Byju’s that they are terminating their merger and fallback agreement, according to two people aware of the matter, who asked not to be named; i.e. the Chaudhrys will not swap their remaining 18% in Aakash for Byju’s equity. Blackstone, the American private equity firm, which was an investor in Aakash, has also dragged its feet on moving ahead with the share swap; Blackstone still holds 12% in Aakash. It has told Byju’s that it is not “contractually not obligated to …
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.
A $5 billion logistics platform in the Emirates, a group of Indian fraudsters caught in a conference con and Saudi Arabia’s troubles.
The classifieds portal adds two large investors and the Met Opera is coming to Saudi Arabia.
