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Manipal Chairman Eyes Byju s Stake in Aakash: Implications for India s Ed-Tech Market

Manipal Chairman Eyes Byju s Stake in Aakash: Implications for India s Ed-Tech Market
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Byju s asset sale: Byju s asset sale hangs fire amid investor flare-ups

Unlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along with the TLB investors. Byjus is seeking around $600 million from sale of the higher education asset but is yet to find a buyer with a binding term sheet.

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The week that was: Hope and despair on Startup St , and other top tech stories

But if theres one thing that has come to the fore this week, it s compliance and governance issues at startups. When companies are in the nascent stage they can get lax on setting up internal controls, but once you scale it becomes a different proposition altogether.

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Pai Cuts ₹1,400 crore Cheque for DK Debt, Books Aakash Seats

Manipal Education and Medical Group chairman Ranjan Pai has invested Rs 1,400 crore (around $168 million) in Aakash Institute, a subsidiary of troubled edtech major Byjus.

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ranjan pai aakash: Ranjan Pai books an Aakash seat with $168 million to clear Davidson Kempner debt

In May, Byjus had signed a Rs 2,000-crore ($240 million) structured credit deal with Davidson Kempner against the cash flows of Aakash Institute.

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