Indian edtech crisis

Physics Wallah’s big leap: New funding, higher valuation, IPO next

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Edtech startup Physics Wallah is set to raise ₹200-230 crore ($22-26 million) in a secondary funding round led by existing investor WestBridge Capital, according to two persons in the know. The deal values the company at $3.7 billion—up from $2.8 billion just six months ago. Physics Wallah is also expected to offer to buy back … Read more

Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice | Company Business News

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Suspended directors of the bankrupt edtech firm Byju’s have approached the National Company Law Appellate Tribunal (NCLAT), challenging a Bengaluru insolvency court’s decision to reinstate its lenders as financial creditors while failing to rule on its ₹158 crore settlement with the Board of Control for Cricket in India (BCCI). The petition, filed by suspended director … Read more