Manipal chief Ranjan Pai will invest the new tranche of capital sooner in Aakash ahead of key student enrolment season, people aware of the discussions said. Sources at Aakash also said the coaching unit will require additional investment from Pai for it to be able to run operations and scale the business during the next few months when students enroll in these centre.
Byju's, once among the world's most valuable startups, faced many challenges with venture capital funding and the demand for online learning becoming scarce in a post-Covid world.
BYJU S, once the most-valued edtech firm in the world valued at $22 billion, is now battling serious funding issues, a corporate governance crisis, and court battles. How did the company reach this point, read here to understand.