The National Company Law Tribunal, Bengaluru, Wednesday, issued notice to edtech behemoth Byju’s in an insolvency proceeding filed by customer support company Teleperformance Business Services India Ltd. Teleperformance...
Byju’s saviour? Board approves Ranjan Pai’s 40% majority stake buy in Aakash Institute, says report
Byju’s-owned Aakash Institute is set to witness Ranjan Pai, Chairman of the Manipal Education and Medical Group (MEMG), emerge as its largest shareholder with a 40 percent stake buy, as per an Economic Times report...
Exams trainer Allen acquires edtech platform Doubtnut to improve technology
Exams trainer Allen Career Institute has acquired Doubtnut, an education technology platform that uses artificial intelligence, for an undisclosed amount. Sources said the deal is worth around $10 million. Allen said...
Byju’s to sell Epic, Great Learning to repay $1.2 bn loan
Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan...
Narayana set to buy out Morgan Stanley, BanyanTree from group firm for ₹1,400 crore
Hyderabad-based education-focused group Narayana, which runs hundreds of schools, colleges and coaching classes across the country, is looking to buy out private equity investors Morgan Stanley Private Equity Asia and...
Swedish property company SBB to sell remaining 51% of education unit
Swedish real estate company SBB said it has entered discussions to sell the company’s remaining 51% of EduCo, the education subsidiary of SBB, after having recently received interest from Brookfield Asset...
Stampede Capital Ltd (SCAP DVR) receives in-principle approval to explore merger, acquisition for restructuring the business of WEXL Edu Private Limited
Stampede Capital Ltd (SCAP DVR) – Financial Consultancy firm has received in-principal approval to explore appropriate options including merger, acquisition, or other suitable options of arrangement for...
Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding
Edtech firm Scaler has acquired Pepcoding, a Delhi-based education platform, for an undisclosed amount to strengthen its business. This is Scaler’s fourth acquisition in the last two years: AppliedRoots, Coding Minutes...
Edtech major BYJU’s, Aakash deny merger talks with rival Unacademy
Edtech major BYJU’s on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services. Reacting to a Money Control report which said, citing sources...
Bankruptcy court admits Zee Learn for resolution on Yes Bank plea
The bankruptcy court allowed Yes Bank’s petition to admit Essel Group company Zee Learn for the Corporate Insolvency Resolution Process (CIRP). The detailed order of the Mumbai bench of the National Company Law...
Early backers in talks to sell stakes in Byju’s
Byju’s early investors, including Lightspeed Investment Partners and Chan Zuckerberg, are seeking buyers for their partial or full stakes in the edtech company as they look to book profit, four people with direct...
Edtech unicorn Lead to acquire Pearson’s India K-12 business
Edtech unicorn Lead is set to acquire the K-12 India business of British educational services company Pearson, which has been divesting its K-12 businesses in other geographies as well. Lead’s cofounder and chief...