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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.
Secondary offerings involving a quarter of their total shares between 2016 and 2021 earned them over $100 million.
As on 31 March 2016, Think & Learn Pvt. Ltd, the parent company of Byju’s, had three main promoters: Founder and CEO Byju Raveendran, his brother Riju Ravindran and Byju’s wife, Divya Gokulnath. Together, they held 1,274,738 (723,608, 341,620 and 209,510 shares, respectively) out of 1,385,946 shares.
Over the next five years, as the Bengaluru-based company’s valuation rose 28x, the founders, led by Riju Ravindran, liquidated 325,313 shares, more than 25% of their holding in March 2016, documents accessed from the website of India’s Ministry of Corporate Affairs show. People who spoke to The Morning Context, on the condition of …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
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 Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
