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10 Top Funding Rounds Of The Past Week And Other Startups To Watch

Funding has been hard to come by in 2023, but some companies have had great success breaking down the walls and securing the cash they need to grow. Last week, companies in artificial intelligence (AI), biotech and space raised more than $2 billion combined. Could this be a sign of bigger things to come in the fourth quarter of 2023 and the new year? Take a closer look at the biggest winners: Anthropic ($1.25B, AI): This San Francisco AI firm, recognized for its AI assistant Claude, has secured

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Byju s to present FY22 financials at board meet amid investor concerns

Byju s to present FY22 financials at board meet amid investor concerns
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Edtech firm Byju s to lay off 4,000 employees in major restructuring

Edtech firm Byju s to lay off 4,000 employees in major restructuring
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Arjun Mohan takes over as Byju s India CEO

Arjun Mohan, who quit as the chief executive officer of upskilling platform upGrad in January this year after a nearly three-year run, took over as ..

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Edtech company Byju s plans asset sale to pay off $1 2 billion loan

Byju s, India s most-valued startup, has decided to put two of its key assets Epic and Great Learning on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm s various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju s amendment proposal, said the people familiar with the development. This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction, said a person in the know.

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