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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.
From raising debt to fund equity infusions to wooing banks, the edtech company’s current funding push is hard to parse.
Editor's note: Take stock of all the news surrounding Byju’s. There’s the story of its listing in the US through a merger with a special purpose acquisition company, or SPAC. Bloomberg first reported on 16 December that the Bengaluru-based company, India's largest edtech and then valued north of $21 billion, was in talks for a SPAC merger. It reported again in January that the company was aiming for a SPAC merger within a month. Then there was news in May that Byju's is in talks with banks, including Morgan Stanley and JPMorgan Chase, to raise more than $1 billion in debt for acquisition financing. Four days later, Bloomberg reported that the company was in talks to acquire “a US target and likely to bid for either Chegg or 2U”. A day later, The Economic Times reported that the company was in talks to acquire textbook rental startup Chegg. While all of this was happening with a view of the US market, back in India Byju’s has been securitizing and selling its receivables. We wrote about it in depth here. In March, Byju’s …
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
