Edtech

The Temasek-backed company is pursuing acquisitions, including parts of Byju’s and a possible Unacademy deal, as it resets its business ahead of a public listing.

A surprise investor has quietly taken Byju Raveendran’s place in Aakash’s ₹250 crore rights issue, triggering fresh doubts about proxies, pledged shares, and creditor battles from Delaware to Singapore to Bengaluru. The fight for control of Aakash is now in its most shadowy phase.

upGrad aims to strengthen its international business ahead of a 2027 public listing. The company is targeting significant growth in global markets, particularly in the Middle East and Vietnam, while also expanding its offline presence in India.

Byju Raveendran's indirect influence over Aakash through Beeaar Investco has cast doubt on the legality of the test-prep institution's latest rights issue.

While growth has cooled sharply compared to previous years, the company has managed to significantly improve its bottom line. upGrad's net loss shrank 51% to ₹273.7 crore, compared to ₹559.9 crore in FY24.

Two education giants, Manipal Group and upGrad, are vying for Byju's bankrupt parent, TLPL, in an insolvency process at the NCLT. The outcome hinges on creditor confidence and the bidders' financial capabilities amid Byju's recent challenges.

With schools imparting financial education and some edtech companies making money lessons more engaging, a growing number of young Indians are learning to save and grow their money. This Children's Day, Mint brings some interesting stories of young Indian investors

UpGrad is increasing its offline presence by expanding its so-called learning support centres to 40, initially targeting South India. This approach aims to meet the demand for big ticket certification and provide personalized support for students in high-demand fields like AI and data science.