Byju's

The Enforcement Directorate (ED) conducted raids at the Byju's, an ed-tech company, on April 29. As per sources, the searches carried out at the Byju's premises under the Foreign Exchange Management Act (FEMA.) The probe agency searched two business and one residential premises in connection with money laundering, It said, the company received foreign direct investment worth Rs 28,000 crore and sent Rs 9,754 crores to various foreign entities… read-more

Byju’s is considering investing $200 million in offline tuition centres, to cater students from classes 4 to 10, in the next 2 years. It will offer holistic development through counselling and Olympiads. ''We decided to expand offline through ‘Byju’s Tuition Centre’ which will imbibe an omnichannel learning strategy,'' stated a Byju member. Notably, The company is all set to add 10,000 individuals and establish 500 offline centres… read-more

Following the acquisition of US-based "Epic", India's education startup Byju's has decided to acquire two platforms namely "Toppr" and "Great Learning" on July 25. Reportedly, the company will pay $600 million to "Great Learning" and $150 million to "Toppr". It is expected that Great learning's acquisition will help the BYJU's to take on "upGrad" and 'Simplilearn'. Moreover, Toppr's base will improve its market in ''the K-12 learning segment… read-more

Bengaluru-based EduTech platform Byju's on April 5 revealed that the company, through a merger, has acquired Aakash Educational Services Limited. Planning to invest further in Aakash, Byju’s will allow the services of Aakash to be independently operated by founders JC Chaudhary and Aakash Chaudhary. BYJU’s founder Byju Raveendran said the new hybrid system will create impactful experiences for students with the help of over 200 brick-and-… read-more