Analysts expect more headwinds in the ‘underpenetrated, high opportunity market’ that is India’s tech sector, amid alarm balls from struggles of major market participants like Paytm and Byju’s.
India Business News: Edtech major Think & Learn, which operates under Byju's brand name, is learnt to have received a commitment of $300 million from investors for its ongoing rights issue. Byju's has offered miffed investors to appoint two independent directors to enhance transparency but only after the rights issue and declaring its financial results for FY23.
India Business News: Around 13,500 employees from Paytm and Byju’s are actively seeking new jobs due to increased investor scrutiny and regulatory hurdles. Find out more about the job hunt at Paytm and Byju’s.
Over 6,500 individuals from fintech firm Paytm and around 7,000 from edtech firm Byju's are seeking new jobs amid investor scrutiny and regulatory hurdles