Byju’s secures Rs 300 Cr loan from Aakash

Edtech giant Byju secures a collateral-free loan of Rs 300 crore or $36.5 million from its subsidiary Aakash educational services limited for its principal business activities and at an interest rate of 7.5% per annum. Recently, the company disclosed that it had raised $250 million from its existing sponsors, including Qatar Investment Authority (QI). “The […]

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Edtech Unicorn PhysicsWallah Expands its NEET Prep and Study Materials Verticals with Two New Acquisitions

Edtech startup Physics Wallah, which recently became a unicorn, has acquired PrepOnline, an online learning platform for the National Eligibility Cumulative Entrance Test (NEET), and Altis Vortex, a publisher of exam preparation books. However, the acquisition amounts were not disclosed. Alakh Pandey founded PhysicsWallah (PW) in 2016 and was later joined by Prateek Maheshwari during […]

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Third Edtech to Join the Unicorn Club With a $1.2 Billion Valuation: upGrad

After Unacademy and Byju’s upGrad is the third edtech to join the Unicorn club this year. Started in the year 2015 upGrad was founded by Phalgun Kompalli, Mayank Kumar and Ronnie Screwvala. Their target audience was students of all age groups, whether they are school-going chaps or working professionals looking to upskill themselves. “Back in […]

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