Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."
'If you have both Hardik and Venkatesh, Hardik gives you bowling and Venkatesh gives you one or two overs.'
Keep in mind that JEE Main is all about speed and accuracy, advises Nitin Arora.
Byju's has quietly moved into other global markets such as the UK, Australia and New Zealand. It recently launched operations in Latin America.
'India's edtech and start-up story will be in danger.'
Virat Kohli's 'magnanimous' act during the 2021 T20 World Cup was among India's top three moments
'Criticism is one thing, and cynicism is quite another.' 'However, we are undaunted by this negativity because we know the truth.'
Civic authorities on Wednesday carried out an anti-encroachment drive in Najafgarh and other areas in south Delhi, as bulldozers continued to roll in the city to carry out the action.
With Delhi witnessing an increase in swine flu cases, they have also advised people to follow the mask mandate and adhere to social distancing norms.
Mumbai Indians owner Aakash Ambani revealed the plan to sign Jofra Archer was more of an investment point of view.
Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.
The 19-year-old, picked 3 wickets and scored 23 runs on debut to help his team Aakash Tigers beat Triumphs Knights by 5 wickets.
The Congress and Rashtriya Janata Dal on Tuesday sparred on social media over Tejashwi Yadav's suggestion that the grand old party must focus on over 200 seats on which it is in direct fight with the saffron party, while taking a 'backseat' in states where regional parties are a formidable force.
We will get to watch a lot of Taapsee Pannu this year, thanks to the actress picking up a wide array of movies.
At the auction, Arjun, a budding left arm pacer and a batsman, who had played unofficial Tests for India-U19, was among the few players in focus.
'We don't want to lose out on its cult value by rushing into something just for the sake of making Part 3.'
Hardik Pandya has his "thinking cap on" this season, says Sunil Gavaskar. That's why the Gujarat Titans skipper is batting with discipline and making good use of field restrictions, says the legendary batter.
Edtech giant Byju's is set to lay off nearly 2,500, or 5 per cent, of its employees as part of an "optimisation" plan. The move by India's most valuable start-up comes amid a funding winter and steep losses. "To avoid redundancies and duplication of roles, and by leveraging technology better, around 5 per cent of Byju's 50,000-strong workforce is expected to be rationalised across product, content, media, and technology teams in a phased manner," said the company in a statement. In June, Byju's laid off about 600 employees at its group companies -WhiteHat Jr and Toppr.
Over 200 teachers and students have been working for the last six months to port all projects that have been developed under the National Mission on Education through ICT over the last three years on Aakash-2.
Three suspected shooters were nabbed in Punjab's Patiala district early on Friday in connection with the killing of a Dera Sacha Sauda follower a day ago, the police said.
United Nations Secretary General Ban-ki moon on Wednesday said that not only India is a critical player on security issues, but it is also so a leader on development and technology and 'indeed a superpower on the information superhighway.
If disbelief can be suspended in the quest for a few laughs, then some of the encounters are genuinely hilarious, and one with a ghost, particularly bizarre, observes Deepa Gahlot.
Former India cricketer Aakash Chopra said images of students clashing with police at various institutions over the contentious Citizenship Amendment Act (CAA) are deeply disturbing and crushing voices of dissent will only turn the agitators against India.
The key to scoring good marks in the Common University Entrance Test (CUET UG) lies in identifying target courses and then effectively strategising the preparation to achieve the desired goal.
The entire flight -- from take off to landing -- was fully autonomous, which means it was on auto-pilot, Omnipresent Robot Technologies Founder and CEO Aakash Sinha said.
'RCB have a limited bowling attack but it can come good in the UAE as there are big grounds. So, I really think RCB can be one of the big beneficiaries with the IPL taking place abroad.'
Joginder Tuteja takes us through the February releases of 2022.
As Ashwin will now be sharing the dressing room with Buttler, Twitter enjoyed a field day.
Looop Lapeta is wacky, funny and vibrant, all at the same time, observes Namrata Thakker.
The power of the series is that it is rooted in reality, feels Deepa Gahlot.
Kapil Dev turns 62, wishes pour in.
A government doctor said hospitals in Delhi are wary of admitting more patients amid a serious shortage of oxygen in the city.
Chopra also said that of all the eight franchises currently in the IPL, CSK is the one that needs a mega auction to happen ahead of the next year's IPL. Currently, it is not known whether CSK will stick to the players which played this year.
Tarak Sinha, the Indian coach with most number of international and first-class cricketers as his disciples, died on Saturday morning after a prolonged illness.
After Shubman Gill was ruled out of the tour with injury and Mayank Agarwal suffered concussion during training, Rahul was asked to step in for his first Test in almost two years -- and now in no mood to surrender that position.
According to a doctor unless the virus is cultured or gene sequencing done, it will be difficult to determine whether it is a different strain of the virus that has infected the person the second time.
With an aim to double its volumes, low-cost mobile devices maker Datawind on Thursday said it will launch a Rs 2,000 smartphone before Diwali that will come bundled with free Internet for life.
Former India opener Gautam Gambhir was on Saturday appointed mentor of the new Lucknow franchise for IPL 2022.
Virat Kohli's Indian team still has a long way to go before it is spoken of in the same breath as Australia of 2000s, believes former India pacer Ashish Nehra. Under Kohli's leadership, India earned its maiden series victory in Australia in 2018-19, achieving the feat after trying for seven decades.
'You look at the numbers he has served up and the way he has consistently used that yorker, that makes everyone talk about it.'
