Byju’s said to be in talks to list in U.S. via a SPAC

Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday. Byju’s, which offers online education and caters to all age groups, has benefited from a boom in online education … Read more

Unacademy acquires K-10 online tuition platform Swiflearn

Edtech platform Unacademy on Tuesday said that it has acquired online tuition platform Swiflearn for an undisclosed amount, The acquisition is in-line with Unacademy’s plans to strengthen its position in the kindergarten to grade 12 (K-12) category,  as it heats up the competition against rivals Vedantu and BYJU’s. Three-year old Swiflearn provides live face-to-face online … Read more

Study abroad platform Leap raises $ 55 million in Series C round

Overseas education company, Leap, on Wednesday said it has raised $55 million (or roughly Rs400 crore) as a part of its Series C funding round, led by Owl Ventures. The round also saw participation from Harvard Management Company, Inc, along with existing investors Jungle Ventures and Sequoia Capital India. This round comes just six months … Read more

China Announces Ban On $100 Billion Dollar For-Profit Education Sector

What Happened: China has announced a set of regulations that effectively ban the operation of for-profit education companies in the country. The new rules will no longer allow companies that teach school subjects to accept overseas investment, which could include capital from offshore registered entities of Chinese firms, according to a notice released by the … Read more

Pharma, FMCG push hiring activity in India by 24% in September: Naukri.com

Driven by industries like pharma, fast-moving consumer goods, education and IT, hiring activity in India saw a growth of 24 per cent in September compared to the previous month, according to a new report by job portal Naukri on Monday. Further opening up of the economy with unlock measures and increased mobility has led to … Read more

Byju’s onboards new investors, valuation now at $11.1 bn

Online education startup Byju’s on Tuesday said BlackRock, Sands Capital and Alkeon Capital have joined as new investors, as part of the ongoing $500-million fundraising round. Earlier this month, Byju’s raised funds from a group of investors, including private equity firm Silver Lake Partners along with existing investors General Atlantic, Owl Ventures and Tiger Global … Read more