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Grapevine: Reliance, Disney ink term sheet for media merger; SoftBank cuts FirstCry stake

General

26 December, 2023

Grapevine: Reliance, Disney ink term sheet for media merger; SoftBank cuts FirstCry stake

Reliance Industries Ltd and Walt Disney Co have signed a non-binding term sheet to merge their India media and entertainment ......

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Grapevine: Byju's may need Epic sale funds for own ops; Bira91, MoveInSync eye funding

General

05 December, 2023

Grapevine: Byju's may need Epic sale funds for own ops; Bira91, MoveInSync eye funding

Cash-strapped edtech firm Byju's may use a portion of the funds it intends to generate by selling US-based unit Epic ......

Prosus slashes Byju's valuation to under $3 billion

TMT

29 November, 2023

Prosus slashes Byju's valuation to under $3 billion

Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less ......

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

TMT

21 November, 2023

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

India's federal financial crime-fighting agency has issued a show-cause notice to ed-tech company Byju's for alleged violations of foreign exchange ......

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How Byju's stacked up against Unacademy and other edtech unicorns in FY22

TMT

06 November, 2023

How Byju's stacked up against Unacademy and other edtech unicorns in FY22

Edtech giant Byju’s remained far ahead of its local peers in terms of revenue during the financial year through March ......

Byju's CFO Ajay Goel resigns, to return as Vedanta finance chief

Manufacturing

24 October, 2023

Byju's CFO Ajay Goel resigns, to return as Vedanta finance chief

India's Vedanta on Tuesday said Chief Financial Officer (CFO) Sonal Shrivastava has resigned amid a major structural overhaul announced last ......

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Grapevine: Byju's, Hinduja Group in M&A news; General Atlantic sole bidder for hospital chain

General

20 October, 2023

Grapevine: Byju's, Hinduja Group in M&A news; General Atlantic sole bidder for hospital chain

Byju’s founder and chief executive officer Byju Raveendran and advisers are in talks with global private equity players for the ......

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Grapevine: Ranjan Pai likely to invest in Byju's arm; AIMCO in fray for AB Group's green business

General

12 October, 2023

Grapevine: Ranjan Pai likely to invest in Byju's arm; AIMCO in fray for AB Group's green business

Ranjan Pai, chairman of Manipal Education and Medical Group, is looking to invest in a subsidiary of edtech unicorn Byju’s, ......

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Great Learning founders look to buy firm back from Byju's

Finance

05 October, 2023

Great Learning founders look to buy firm back from Byju's

The founders of Great Learning are trying to line up investors to buy back the online education provider from Byju’s, ......

Byju's to fire 4,000 employees in latest round of layoffs

TMT

27 September, 2023

Byju's to fire 4,000 employees in latest round of layoffs

Byju’s, India’s largest edtech startup, plans to fire as many as 4,000 employees in the latest round of layoffs, according ......