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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 announcement of a rights issue seems to be little more than a last-ditch attempt to get existing investors to put in money and help clear urgent current liabilities that could land the founders in prison.
I am back with another edition of Things Change. I know what you are thinking: back-to-back editions on education? What are the chances, right? But there’s a lot happening that we need to make sense of. So, here.
Byju’s announced on Monday that its board has approved raising $200 million through a rights issue at a pre-money valuation of around $25 million. To put things in context, the company’s maiden funding round in 2013, in which it raised around Rs 50 crore (around $8 million then) from Ranjan Pai’s Aarin Capital in exchange for a 25% stake, valued the company …
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
Aggressive accounting, failed acquisitions and soaring customer acquisition costs lurk beneath India’s first edtech IPO.
