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

Twitter acquires Quill; experts says platform’s DMs may get major overhaul

Social media giant Twitter has acquired Quill that experts suggest might let Twitter DMs better compete with other messaging apps. As per GSM Arena, this new acquisition might result in Twitter offering more robust messaging features. For the unversed, Quill is a messaging app for collaboration and communication with teams, one that competed with other … Read more

China fines tech giants for failing to report 43 old deals

China’s market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation. Enterprises involved in the cases would be fined 500,000 yuan ($78,000) each, it said, the maximum under China’s 2008 … Read more

Zomato does an Info edge. Gets into start-up investing

Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more