Sony and Zee s troubled alliance reveals the complexities and mismatched objectives in high-stakes business deals, underscoring the importance of strategic partner-selection
Byju s co-founder and CEO Byju Raveendran at the time of announcing the result had said that the contractual commitment of the two investment firms is still there, but the fund has not come and these entities have not made any investment in the last six months.
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BYJU S to acquire Aakash Educational Services in $1B deal
BYJU S, the world s leading ed-tech company has announced its strategic partnership with Aakash Educational Services Limited (AESL). According to sources, the deal is worth close to USD 1 billion (about 7,300 crores) making it the biggest acquisition by Byju s to date.Â
Founder and CEO Byju Raveendran said the union will bring together the best of offline and online learning. I am happy to have Aakash Educational Services Limited (AESL), a market leader and the most trusted name in the test prep services, onboard with us. Our complementary strengths will enable us to build capabilities, create engaging and personalized learning programs. The future of learning is hybrid and this union will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students,â he said.Â
Simplilearn in talks to raise funding at a valuation of $700 million
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Simplilearn s fundraising move comes at a time when Indian edtech startups led by Byju s and Unacademy are mopping up investor dollar amid a pandemic-induced surge in online education.
ETtech
Simplilearn is expected to close the funding round in about a month at a valuation of $700 million. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Edtech startup Simplilearn is in talks with global funds to raise $100-$150 million, as it seeks to provide partial exits to some early investors and raise primary capital for business expansion, sources close to the development said.