Edtech major BYJU’s on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services. Reacting to a Money Control report which said, citing sources...
Bankruptcy court admits Zee Learn for resolution on Yes Bank plea
The bankruptcy court allowed Yes Bank’s petition to admit Essel Group company Zee Learn for the Corporate Insolvency Resolution Process (CIRP). The detailed order of the Mumbai bench of the National Company Law...
Early backers in talks to sell stakes in Byju’s
Byju’s early investors, including Lightspeed Investment Partners and Chan Zuckerberg, are seeking buyers for their partial or full stakes in the edtech company as they look to book profit, four people with direct...
Edtech unicorn Lead to acquire Pearson’s India K-12 business
Edtech unicorn Lead is set to acquire the K-12 India business of British educational services company Pearson, which has been divesting its K-12 businesses in other geographies as well. Lead’s cofounder and chief...
PhysicsWallah earmarks $40 million for M&As
Westbridge Capital-backed PhysicsWallah entered the upskilling segment with the acquisition of Bengaluru-based iNeuron.ai last week. But the purchase is just one part of PhysicsWallah’s strategy, as the company, led by...
PhysicsWallah acquires iNeuron
Westbridge Capital-backed edtech unicorn PhysicsWallah Pvt. Ltd (PW), on Thursday, said that it has acquired iNeuron Intelligence Pvt. Ltd to expand its offerings in the upskilling category. The deal is valued at around...
NCLT admits listed coaching firm MT Educare under Corporate Insolvency Resolution Process
A bankruptcy court has admitted the listed MT Educare, formerly known as Mahesh Tutorials, into the corporate insolvency resolution process (CIRP) and appointed Ashwin Bhavanji Shah as the interim resolution...
Brookfield to buy 49% stake in Swedish SBB’s education unit for $870 mln
Brookfield Asset Management will buy a 49% stake in the education portfolio of Sweden’s SBB, for 9.2 billion Swedish crowns ($870.42 million) in cash, the Swedish real estate company said on Wednesday. Brookfield...
Simplilearn acquires New York-based Fullstack Academy
Upskilling edtech platform Simplilearn has acquired US-based bootcamp education company Fullstack Academy, as it looks to scale up in the North America region. The company did not disclose the size of the deal...
NIIT acquires US-based St Charles Consulting Group for $23.4 million
Global skills and talent development corporation NIIT Ltd announced it has acquired US-based St. Charles Consulting Group for $23.4 million. Headquartered in St. Charles, Illinois, St. Charles Consulting Group is a...
PhysicsWallah makes acquisitions to foray into govt job prep, print books
Edtech unicorn PhysicsWallah on Thursday announced acquisition of test preparation edtech company PrepOnline and book publisher Altis Vortex for an undisclosed amount in a mix of cash and stock deal. With the...
Vedantu to take majority stake in Deeksha for $40 million
The online learning platform Vedantu bought a majority stake in Ace Creative Learning Pvt. Ltd, commonly known as Deeksha in a deal that closed at $40 million. Deeksha, which is Karnataka’s leading test...
