BYJU's investors seek ouster of founders Byju Raveendran, Divya Gokulnath
This comes days after Byju's launched a rights issue to raise USD 200 million from existing shareholders.
Source: dnaindia.com
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ED searches: BYJU'S CEO says brought more FDI to India than any other startup, company in compliance
India's most valuable startup, Byju's was once valued at $22 billion and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital.
Byju Raveendran Learn Private Limited Foreign Exchange Management Sequoia Capital General Atlantic Foreign Exchange Management Act
Source: yourstory.com
PE/VC firms' investments increase by 85% to $11.9 bn during Q1FY21
Private Equity/Venture Capital firms invested over $11.9 billion (across 188 deals) in the first 3 months of 2021, representing an increase of about 85% compared to the corresponding period in 2020, According to Venture Intelligence data, January to March 2020, the last pre-pandemic quarter, recorded PE-VC investments of $6.5 billion across 238 deals. The value of investments in Q1FY21 was also over 58% higher compared to the immediate previous quarter (which saw $7.5 billion being invested ...
Arun Natarajan Stellis Biopharma Purpose Acquisition Company Dragoneer Investment Group Magma Fincorp Ltd Reliance Industries
Source: business-standard.com