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DailyHunt parent acquires Magzter to launch subscription model

VerSe Innovation, the parent company of news aggregating platform DailyHunt, said Thursday it has acquired Magzter, a cross-platform, self-service, global digital newsstand with a library .. ....

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Goyal, Vaishnaw, Chandrasekhar will be guests of honour at ETSA today

Goyal, Vaishnaw, Chandrasekhar will be guests of honour at ETSA today : Rashtra News #Goyal #Vaishnaw #Chandrasekhar #guests #honour #ETSA #today Cabinet ministers Piyush Goyal and Ashwini Vaishnaw, Union minister of state Rajeev Chandrasekhar and Chief Minister of Karnataka Basavaraj Bommai will be the guests of honour at a star-studded gathering in Bengaluru this evening, ....

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Koo: Microblogging site Koo in talks for acquisition by VerSe Innovation

Koos cofounder Mayank Bidawakta stated in a LinkedIn post that the microblogging platform was in discussions with “multiple partners” for a “strategic partnership”, without giving details about who the firm was engaged in talks with. ....

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Byju's seeks to raise $200 mn to service immediate liabilities

Edtech player Byju's is looking to raise $200 million from its existing equity investors through a rights issue it launched on Monday, at a time when .. ....

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US investor BlackRock slashes Byju's valuation by 95% to $1 billion

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. ....

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