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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.
While the Chaudhry family and Blackstone still hold nearly 30% in the test-prep chain, it’s unclear who has the final say on the 27% held indirectly by Byju Raveendran.
If Byju’s is in the news, can Aakash be far behind?
On 30 June, ET Now reported, citing unidentified sources, that Byju’s is in talks with investors to dilute up to 20% shareholding in Aakash Educational Services, the offline test-prep company it acquired in 2021 for nearly $950 million in cash and stock. Talks with prospective investors, the news report said, were at a very early stage.
The development was in contrast with Byju’s plan to take Aakash public. On 5 June, co-founder Divya Gokulnath had said in a LinkedIn post that Aakash was looking for an IPO in …
AI is set to disrupt the sector. While the path ahead looks tough for legacy publishers like S Chand Publishing and Arihant Publications, things don’t look encouraging for others in the industry either.
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
As AI advances rapidly, leadership, judgment and strategy matter more than ever. Today’s MBA is evolving to shape leaders for an AI-led world.
