Founders look to buy Great Learning back
1 year, 2 months ago

Founders look to buy Great Learning back

Live Mint  

MUMBAI : The founders of Great Learning are trying to line up investors to buy back the online education provider from Byju’s, two people aware of the discussions said. The founders of Singapore-based Great Learning—Mohan Lakhamraju, Hari Krishnan Nair and Arjun Nair—sold a controlling stake to Byju’s in 2021 for $600 million in cash and stock. Early last month, Byju’s put up kids’ reading platform Epic and higher education platform Great Learning for sale as the edtech giant tries to mend fences with its lenders by paying off a $1.2 billion loan it raised in November 2021. The two assets may fetch Byju’s around $800 million to $1 billion, which will be used to advance the repayment of its outstanding term loan B, Mint reported.

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Great Learning Embraces a New Chapter: Charting an IPO Path to Profitability
1 month, 4 weeks ago

Great Learning Embraces a New Chapter: Charting an IPO Path to Profitability

Live Mint  

Great Learning, the edtech company formerly owned by Byju's, is back on its feet and exploring new avenues for growth. The company, now under lender ownership, is focusing on self-funding, organic growth, and exploring exit options for its new stakeholders. Despite the challenges of a sluggish Indian job market, Great Learning plans to double down on online degrees and AI …

Byju's May Raise $500 Million in Fresh Round of Funding Within a Week in Efforts to go Global
2 years, 3 months ago

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News 18  

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Byju's is Acquiring Aakash Education Services for $800 mn in One of the Largest Deals in EdTech
3 years, 8 months ago

Byju's is Acquiring Aakash Education Services for $800 mn in One of the Largest Deals in EdTech

News 18  

Edtech startup Byju’s is acquiring Blackstone Group-backed Aakash Educational Services in an estimated USD 800- million cash-and-stock deal. According to a report by Economic Times, after the transaction, Blackstone Group and Aakash Institute’s founders will hold a minority stake in Byju’s at a valuation of about USD 13 billion “We will integrate Aakash’s expertise in test prep with our content …

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3 years, 10 months ago

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News 18  

India’s largest edtech startup Byju’s is in late-stage talks to acquire its rival Toppr for roughly $150 million, according to reports. The report further quoted sources as saying that Toppr was seen a formidable rival by Byju’s, and the acquisition will bolster the latter’s position in the edtech space. Ever since online education was moved almost exclusively online, Byju’s has …

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