Page 12 - Great Learning News Today

BYJUS , the prominent edtech company , is reportedly in advanced negotiations to divest its asset, Epic, a...

The embattled start-up has been looking since September to sell both Epic and Great Learning — a higher education and upskilling firm — to raise $1 billion to clear a $1.2 billion term loan

Byjus is in talks with three-four strategic buyers, including Joffre Capital Ltd and language learning platform Duolingo, to sell one of its key assets, US-based digital reading platform Epic, for about $400-$450 million, according to sources. With this, the beleaguered edtech firm wants to meet various commitments, including repaying its entire $1.2 billion term loan B (TLB) within six months. The binding offers of the bidders to acquire Epic are expected to come in the next few weeks after the...

Byju's is in advanced talks to sell its US-based kids' digital reading platform Epic! Creations for about $400 million to PE fund Joffre Capital.

FSN E-Commerce, the parent entity of omnichannel beauty and fashion retailer Nykaa, saw its Q2 profit jump 50%. Cash-strapped Dunzo also disclosed its FY23 financials today. This and more in todays ETtech Top 5.

The company closed the audited financial accounts for the financial year 2021-22

I am also humbled by the lessons learnt in the post-pandemic world of readjustments. Byjus will continue on the path of sustainable and profitable growth in the coming years, said founder and group CEO Byju Raveendran.

“I am also humbled by the lessons learnt in the post-pandemic world of readjustments. Byju’s will continue on the path of sustainable and profitable growth in the coming years,” founder and group CEO Byju Raveendran said in the statement

Artificial Intelligence is rapidly becoming a driving force in our world.

Byjus said it has made new appointments in its finance function, with Pradip Kanakia as senior adviser and Nitin Golani, currently the President-Finance, who will take charge as India CFO.