This acquisition will enable Byju's to expand its US footprint by providing access to the more than 60 million students in Tynker's existing global user base
Mukesh Ambani calls for bridging COVID-19 vaccine, digital divide; Byju's raises $50 million from IIFL, other investors; Tesla to organise AI day in 'about a month' for recruitment: Elon Musk; Tatas aim to raise up to $2.5 billion for their digital business. This and more news on News Blast.
'Pure plumbing failure': Nobel laureate Abhijit Banerjee describes India's COVID-19 lockdown
Nobel laureate Abhijit Banerjee has said the nationwide lockdown imposed by the Indian government last year to curtail the spread of COVID-19 infections, and the resultant migration of poor people from cities to their villages by walking hundreds of kilometres on foot was a "pure plumbing failure". Citing the migrants in cities who cannot take advantage of government's welfare scheme there, Banejee said India is an example of a country where they had not thought through their plumbing.
Byju's raises $50 million from IIFL, other investors
Edtech firm Byju's has raised $50 million in its Series F funding round from investors. According to regulatory filings, the amount was raised from IIFL and Maitri Edtech. IIFL invested $35 million, while Maitri Edtech invested $15 million.
Tesla to organise AI day in 'about a month' for recruitment: Elon Musk
Tesla Inc chief Elon Musk is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit. His latest plan to promote Tesla's technology comes amid the hiccups faced in the company's path to achieve full self-driving technology.
Mukesh Ambani calls for bridging COVID-19 vaccine, digital divide
Reliance Industries CMD Mukesh Ambani on Monday called for bridging the COVID-19 vaccine divide among nations and also digital divide. Speaking at the Qatar Economic Forum, Ambani said connectivity and communications have become basic need and fundamental right of every human being.
No scientific evidence of COVID-19 vaccine leading to infertility in men, women: Health Ministry
The Union health ministry on Monday reiterated there is no scientific evidence of COVID-19 vaccination causing infertility in men and women and asserted the jabs are safe and effective. There have been media reports expressing concern regarding infertility due to COVID-19 vaccination among people of reproductive age, the ministry said in a statement.
Tatas aim to raise up to $2.5 billion for their digital business
With the super app in the making and expansion of digital business, Tata Sons is looking for investors to pump in money. The company reportedly approached global investors to raise an estimated $2-2.5 billion for its digital business as the company prepares for the pilot launch of its super app in Bengaluru in September.
Byju's said the deal is a strategic partnership with AESL, which is a leader in test-prep services. However, the companies did not comment on the financial details of the deal
Start-ups rake in $9.9 bn funding across 881 deals in 2020
The IPO market is likely to see a number of big-ticket launches due to positive market sentiment, which has led the Sensex and Nifty to record highs in 2021
In an official statement released by Byju's on Wednesday evening, it will make substantial investments in WhiteHat Jr's technology platform as well as product innovation
Byju's has raised $500 million in a fresh funding round from private equity (PE) players BlackRock and T. Rowe Price; With one million Twitter followers, the Reserve Bank of India has become the world's first central bank to achieve the milestone; India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Watch this and more on News Blast.
With the latest funding round, Byju's has further narrowed its valuation gap with digital payments platform Paytm, which presently enjoys a valuation of $16 billion, as per the Hurun India Unicorn Index 2020
Indian tech companies that are expected to launch an IPO in 2021-22
According to a report by Bernstein, key segments like e-commerce, financial technology and education technology have grabbed investors' interest due to structural shift in consumer behaviour in wake of coronavirus pandemic
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