Mohit, who was seen as second in command at Byjus, has floated a company that could potentially compete with the beleaguered ed-tech firm of which he was a founding member. The new entity, according to sources, has already opened its first centre.
Good Glamm co-founder Priyanka Gill is joining Kalaari Capital as a venture partner, while Lead Group has named Arvind Singhal as chief growth officer.
BlackRock has again reduced the valuation of its share in edtech firm Byju s - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager.
This is 95 per cent less than its peak valuation of $22 billion in 2022.
The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
It s one of San Francisco s hottest neighborhoods Why isn t it growing? sfchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfchronicle.com Daily Mail and Mail on Sunday newspapers.