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BharatPe eyes profitability next fiscal year after turning EBITDA positive in Oct

BharatPe said it expects to become profitable on a full-year basis in the next fiscal year after it touched EBITDA profitability for the first time in Oct. 

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Once valued at $220m, NestAway being sold to Aurum PropTech for $11m

PropTech firm Aurum said it is acquiring Tiger Global-backed NestAway for nearly $11 million, in a sharp cut from its previous valuation.

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Editor's take: The week that was — May 1-6

This edition features fundraising milestones by investors, deal scoops, interviews & analysis and data-led stories.

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Vedantu aims to turn profitable by year-end

Tiger Global-backed Indian edtech firm Vedantu expects to touch group-level profitability in the current financial year.

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Byju

Tiger Global-backed Indian edtech giant Byju’s is in talks with investors including US private equity firm TPG Inc to raise over $500 million, Bloomberg News reported on Thursday, citing people familiar with the matter. It said that the investment firms including TPG and two Middle Eastern sovereign wealth funds have begun due diligence on Byju s aaa

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