Last September, the edtech company announced the investment. Nine months on, there is no sign of the money or the investor.
Once might be understandable, but twice? It seems Sumeru Ventures wasn't the only fake investment in Think & Learn Pvt. Ltd, which does business as Byju’s, India’s largest education technology company. The Morning Context has learnt that money from Oxshott Capital Partners, or related entities, for an investment announced in September 2021 hasn’t come to the edtech company either.
“Oxshott was supposed to lead a Rs 2,200 crore Series F round with an investment of Rs 1,200 crore,” says a person in the know, asking not to be named. “But the money never came.”
A regulatory filing with the Ministry …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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