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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.
Rising losses, a poor cash reserve and difficulties in lining up financing are limiting the edtech firm’s options to grow its international business.
The Byju’s-2U deal is off. Byju Raveendran said as much in a recent interview with Moneycontrol. “2U is an acquisition offer we made after getting a $2.4 billion financing commitment from one of the largest banks. As it is a public company, we can’t even make an offer before having the financing in place. We didn’t get the deal. But 2U is still not sold. It is still available…”
In the first sentence, Raveendran says Byju’s made an offer, but in the very next, it suddenly isn’t clear whether it did and whether it had actually pulled together the financing. …
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?
