Sumeru Ventures News Today

VerSe Innovation, the parent company of news aggregating platform DailyHunt, said Thursday it has acquired Magzter, a cross-platform, self-service, global digital newsstand with a library ......

Goyal, Vaishnaw, Chandrasekhar will be guests of honour at ETSA today : Rashtra News #Goyal #Vaishnaw #Chandrasekhar #guests #honour #ETSA #today Cabinet ministers Piyush Goyal and Ashwini Vaishnaw, Union minister of state Rajeev Chandrasekhar and Chief Minister of Karnataka Basavaraj Bommai will be the guests of honour at a star-studded gathering in Bengaluru this evening,

Koos cofounder Mayank Bidawakta stated in a LinkedIn post that the microblogging platform was in discussions with “multiple partners” for a “strategic partnership”, without giving details about who the firm was engaged in talks with.

Edtech player Byju's is looking to raise $200 million from its existing equity investors through a rights issue it launched on Monday, at a time when ......

BlackRock has again reduced the valuation of its share in edtech firm Byjus - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.

Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on a steep loss on their ......

With investors asking for a change in the board structure at Byjus, the edtech giants founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Seq­uoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.

At least five firms that had looked to the promised funds to scale up their businesses are engaging with other investors to raise interim capital as SphitiCap awaits SEBIs approval.

Byjus, Indias most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firms various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byjus amendment proposal...

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