BYJU S is reportedly in talks to raise $150 million to become India s most valued startup
BYJU S is reportedly in talks to raise $150 million to become India s most valued startup
IANSApr 29, 2021, 13:04 IST
BCCL
Edtech industry leader Byju s is raising nearly $150 million from
UBS Group AG, that will take its market valuation to $16.5 billion, reliable sources said on Thursday.
UBS Group AG, part of
UBS Asset Management, will invest a total of around $300 million in Byju s, people familiar with the deal told IANS. The leading ed-tech company recently raised nearly $1 billion as part of its Series F funding that included Baron Funds and Facebook cofounder Eduardo Saverin s
Grocery wars
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Tata Digital Limited, which has been looking to buy into BigBasket for many months, received a go-ahead from India’s competition watchdog earlier today. It sets the stage for an almighty tussle with Amazon, Reliance JioMart and Flipkart.
Also in today’s letter:
FB blocks Modi hashtag ‘by mistake’
Udaan announces share buyback
Tata-BigBasket deal gets CCI approval
The stage is set for a battle of the giants in India s fast-growing online grocery segment. Tata Sons proposal to buy a majority stake in Alibaba-backed BigBasket has got the go-ahead from the Competition Commission of India (CCI).
Byju s to raise $150M from UBS, to be valued at $16 5B prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Bramshill Investments Promotes Marketing Executive
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NEW YORK, April 27, 2021 /PRNewswire/ Bramshill Investments, an award-winning alternative asset management firm, has promoted Laura Simione to Managing Director. Ms. Simione works in the Firm s sales and marketing group. With Bramshill increasing assets under management by over $500 million in the past year to $3.9 billion (as of 3/31/21), Ms. Simione s contributions are being recognized with this promotion. Laura has extensive experience and deep relationships with financial advisors. Laura s commitment to expanding the footprint of Bramshill is apparent every day. Her work ethic and command of our alternative fixed income strategies is exemplary, said Stephen Selver, chief executive officer of Bramshill.
Bramshill Investments Promotes Marketing Executive prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.