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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.
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 …
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
