Lenders have been pushing hard for the repayment of the $1.2 billion loan amid the companys mounting distress after a pandemic-era boom in online learning fizzled out. Byjus had been working to sell assets and deal with the loan issue when government investigators searched company offices this year.
Byju s Lenders Win Fight Over Loan Default, Control of Unit bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Startup Class Technologies has acquired Anthology's Blackboard Collaborate, and India-based Byju's company Great Learning has acquired Northwest Executive Education.
$3.1 billion in 3 months! Unicorns drive VC investments in Indian startups
In the last quarter of calendar year 2020, India saw 294 deals valued at around $3.16 billion. While VC investment dipped compared to previous quarter, deal volume jumped to its highest level since Q1 18 says KPMG s latest report
Rukmini Rao | January 25, 2021 | Updated 17:34 IST
Edtech garnered interest from venture funds not only in India but across Asia in 2020
According to the latest Venture Pulse report by KPMG, the last quarter of calendar year 2020 saw over $3.1 billion flow into the Indian start-up sector, largely led by the unicorns . On back of demand spurred by the pandemic in certain sectors, the home delivery, marketplace platforms, and e-commerce were the hottest areas of investment. Majority of funding rounds of $100 million or more, included a $200 million raise by marketplace platform Cars24, a $660 million raise by food delivery company Zomato. Overall deal count for the quarter jumped t