Page 23 - Great Learning News Today

Byju's US-based subsidiary Alpha Inc transferred more than half a billion dollars to Camshaft Capital Fund in 2022, Bloomberg reported, citing a lawsuit in US court.

Since the transfer of $533 million by Byju's, hedge fund's founder got luxury cars registered in his name, including Ferrari, Lamborghini and Rolls-Royce, says a report citing court papers

D-Day is here! In a virtual meet today, the jury of the Economic Time Startup Awards 2023 will reveal the brightest stars in Indias startup galaxy. This and more in todays ETtech Morning Dispatch.

India Business News: Troubled edtech firm Byju's is planning to sell Great Learning and Epic from its stable to repay $1.2 billion term loan to its lenders, sources said.

Byjus is further considering the sale of some of its other non-core assets to unlock value and manage its debt repayment

A round-up of the biggest articles from newspapers

From those highs, the Bengaluru-headquartered company founded in 2011 is now looking to sell two companies it lists as well-known acquisitions on its website - Epic and Great Learning. But strategic buys have been critical to its quick expansion. The company got a valuation of about $8 billion by January 2020 after becoming a unicorn in late 2017.

It is learnt that Byju’s is looking to raise at least $800 million from the sale of Epic, the US-based kids learning firm, and Great Learning — the upskilling platform

Byju's considers selling subsidiaries Great Learning and Epic to pay $1.2bn debt

Byju Raveendran-led decacorn is looking to offload two foreign companies it bought for around Rs 8,195 crore combined in order to repay the entire $1.2 billion (Rs 9,956 crore) loan to US lenders.