Byju’s says its recently launched $ 200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the edtech group and some of its largest shareholders. The Bengaluru-headquartered startup, valued at $ 22 billion in its last financing round in early 2022, announced […]
European digital rights group say the future of online privacy is on a knife edge
A coalition of more than two dozen digital and democratic rights groups, NGOs and not-for-profits, including noyb and Wikimedia Europe, have written to the European Union’s regulatory body for data protection urging it to reject a tactic that’s been controversially seized upon by Meta in its latest bid to circumvent the bloc’s privacy laws. If […]
Byju’s seeks to raise $200 million in rights issue amid cash crunch, resets valuation
Byju’s, the world’s most valuable edtech startup, launched a rights issue on Monday, seeking to raise $ 200 million as the Indian firm works to address its working capital issues. The startup is resetting its valuation to “next to nothing” in the rights issue, where all existing investors have an opportunity to participate, according to […]