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Byju’s Plans To Raise $250 Million From Softbank & Others

30Jul By AnkitaNo Comments

FUNDING

Byju’s Plans To Raise $250 Million From Softbank & Others

Education Technology and Training expertise platform Byju’s is in talks with SoftBank and different traders to lift $200-250 million to fund its international growth plans. In the recent talks, the deal is yet to be finalised. Byju’s is in news to lift about $200-250 million from SoftBank and others. They’re nonetheless discussing the factors. This can assist catapult their worldwide growth. If the deal is successful it would possibly value the company at around $2 billion as stated by Byju's. “We by no means touch upon hypothesis,” mentioned a SoftBank spokesperson to an electronic mail question from ET, whereas a spokesperson of Byju’s mentioned that they had “no feedback” to supply, mentioned Byju's. Byju’s-The Learning App, which is the education technology pla...

An Education Firm Eruditus Raises $8 Million From Bertelsmann India Investments

Eruditus Executive Education today said it has raised USD 8 million (Rs 52.36 crore) in its series B round from Bertelsmann India Investments. The company plans to use the funding to add new programmes with existing and new university partners as well as expand its geographical footprint to China, Latin America and Europe, the executive education programmes provider said in a release. "Bertelsmann is a great partner given its global footprint, its expertise in education and its success in scaling business by working closely with the founding team," Eruditus co-founder and Director Chaitanya Kalipatnapu said. Eruditus has collaborated with top business schools such as INSEAD, Harvard Business School, Wharton, Tuck, MIT Sloan and Columbia Business School in bringing their profession...

Uber Tie-up With NSDC, Maruti to Skill 1 Million By 2018

Transportation app Uber has launched a new initiative in partnership with Maruti and NSDC, for creating livelihood opportunities for one million people by 2018. Under UberSHAAN, the company will provide access to skill development and driver training to the unskilled, Uber India President Amit Jain said. The initiative will also help trained drivers receive commercial licenses, vehicle financing and leasing solutions, he added. "With UberSHAAN, our plan is to rapidly scale Indias entrepreneurial base and generate one million livelihood opportunities on the Uber platform by 2018. Our partnership with the National Skill Development Corporation and Maruti Suzuki will be instrumental in realising our goal by 2018," he said. Uber has about 4 lakh drivers on its platform in India, which ...