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.
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 across 231 deals). Deal volumes in the period, however, dipped 21% compared to Q1FY20 and down 19% ...
Source: business-standard.com