SoftBank's early India bets are beginning to deliver. The Japanese investor, which clocked nearly 5.4x returns on Lenskart and chose to stay invested in Meesho ahead of its public listing, has so far returned close to $7 billion from India to its global investors.
'India is a very strategic geography. The business is growing over 37-38 per cent year-on-year.'
Eruditus runs on a partnership model with top global universities such as MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, and UC Berkeley, offering courses in coding, data science, fintech, block chain, and entrepreneurship.
After a prolonged winter, the Indian edtech sector seems to be witnessing some signs of a thaw. The sector has received $608.8 million of funding across 68 deals in 2024 so far - 153 per cent more than the $240.9 million across 106 deals during the same period last year - according to data from market intelligence platform Tracxn.
'Many were caught in a burnout race, chasing unsustainable growth without innovating.'
Over 50 Indians in Forbes' under 30 list of super achievers.
A top management leadership team from SoftBank has been coming to India in the last few days to meet the founders of start-ups and other investors, signalling the country's emergence as a pivotal market for the global investment giant. Based on current estimates, India accounts for nearly 10 per cent ($20 billion) of SoftBank's invested assets under management (AUM) globally. That makes the country its third largest market after the US and China.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
The Chinese government is imposing severe restrictions on their tech companies - whether it is on data security, marketing practices or floating an IPO. Should this be music to the ears of Indian start-ups and home-grown private equity (PE) funds? Ask Indian start-ups and the answer is a resounding "yes".
'India's edtech and start-up story will be in danger.'
IT and ITeS companies accounted for $28.1 billion of the total investment pie during the first nine months of 2021.
'Why is the government asking parents to be careful rather than coming up with strict rules and regulations for the companies?'
While BlackRock is an existing investor in Byju's, T Rowe joined as a new investor.
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