The ed-tech company in India is experiencing its most successful era to date. Byju’s, the biggest and most successful ed-tech startup in India after Unacademy and Vedantu, is having trouble surviving. Shah Rukh Khan serves as the brand ambassador for the ed-tech business, which has cut off over 2500 workers from sibling companies including Whitehat Jr. and Toppr. During the covid-induced lockout, WhiteHat Jr dominated the spotlight to make coding approachable to children. The Byju Ravendrann-led company, according to MoneyControl, has let go of full-time and contract workers from Toppr,…
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Byju’s, the most valued startup in India and a provider of online education, is delaying payments for a $1 billion acquisition made last year. According to the sources, who declined to be named because the conversations were private, Byju’s requested a two-month delay before paying Blackstone Inc. and other shareholders of test prep company Aakash Educational Services this week. According to the sources, several dealers got partial payments in 2021. According to one of the sources, Blackstone, which controlled 38% of Aakash, decided to postpone payments that were due this…
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