Byju's Valuation Slashed by 95% by Blackrock
BlackRock, the world's largest asset manager, has marked down the valuation of Byju's parent company, Think & Learn, by more than 95%.
Source: techstory.in
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From General Elections, to RBI's Shaktikanta Das' legacy, to Madhabi Puri Buch's tenure at Sebi: Here are key things to watch out for in 2024
A look at the people and trends to watch out for in 2024.
Source: businesstoday.in
Byju's in talks with investors to raise $300 mn in return for more controls
With investors asking for a change in the board structure at Byju's, the edtech giant's 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.
Source: rediff.com
upGrad: KnowledgeHut chief Subramanyam Reddy quits Upgrad
Asheesh Sharma has taken over as president of the short courses and bootcamps division effective Tuesday. Reddy, who founded KnowledgeHut in 2011, had stepped down on December 5 and did not serve any notice period.
Source: indiatimes.com
layoffs: 2023 Year in review: how layoffs hit technology and startup workers
With the year drawing to a close, ETtech looks at startups and tech companies— global and domestic—which laid off employees to cut costs amid economic uncertainties.
Source: indiatimes.com