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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.
At the heart of the matter lies a less-than-perfect way to calculate revenue.
Last week, I wrote about a loan crisis that has been brewing for a while at Byju’s, India’s largest edtech company valued north of $22 billion. I discovered several cases where parents bought Byju’s products on loan and ended up cancelling them. EMIs are being paid without the knowledge of parents who are still getting regular calls for defaulting on their loans (read “At Byju’s, a loan crisis and no sign of funding”).
The news took readers and several people inside the company by surprise. But that’s how Byju’s works. Data is handled closely. The lack of transparency …
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?
