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EdTech

BYJU’S Stuck In Bankruptcy Limbo


SUMMARY

Byju Raveendran is milking every glimmer of hope to claim a comeback is on the cards, but BYJU’S seems to be stuck in a limbo

Even as the tubelights go off one by one, BYJU’S founder and CEO Byju Raveendran continues to fight the fight and delay what looks like the inevitable. The latest weapon in his arsenal is an anonymous whistleblower claiming a huge conspiracy at EY against the crumbling edtech giant.

While Inc42 could not get EY or Byju Raveendran to officially comment on the allegations, the company is still…



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by INC42

It’s been a blockbuster week for startup IPOs. Lenskart and Groww wrapped up their public listings, together pulling in nearly INR 14,000 Cr. Hot on the heels, Pine Labs hit the markets with its INR 3,900 Cr IPO.  But now, all eyes are on edtech unicorn PhysicsWallah, which is gearing up for its big moment. With a price band of INR 103–INR 109 per share, the company will open its IPO on Tuesday, marking the final stretch of its journey to Dalal Street. A quick recap: The edtech major filed its RHP earlier this week for an INR 3,480 Cr… Source link

by PNN

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by INC42

SUMMARY Robotics startup Emotix, the parent of AI-powered kids’ robot brand Miko, has raised $10 Mn (INR 88.5 Cr) from US-based audio media giant iHeartMedia through the issuance of preferential shares Beyond the funding, Miko and iHeartMedia have reportedly entered a strategic partnership that will see iHeart’s expansive library of audio content integrated into Miko’s interactive robots The move is expected to deepen Miko’s footprint across the US and enhance engagement for young users through family-friendly… Source link