Bangalore: Online education startup Byju’s is close to raising $ 200 million in a new round of funding from US investment firms BlackRock and T. Rowe Price with a valuation of $ 12 billion, said a person familiar with the matter. The Bengaluru-based educational technology firm had last raised $ …
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Oil-to-telecommunications conglomerate Reliance Industries is constantly working to expand its presence in the retail sector. On Tuesday, the Abu Dhabi Investment Authority (ADIA) became the eighth investor in Reliance Retail Ventures, agreeing to choose 1.2 percent of the company’s share capital for Rs 5,512.5 million. ADIA joins the Silver Lake …
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Private equity firm General Atlantic will invest ₹Rs 3,675 crore in Reliance Retail Ventures Ltd, the third major investment in the company’s most valuable retail unit in India in three weeks. General Atlantic will collect a 0.84% stake, valuing the retail arm of Reliance Industries Ltd at an equity value …
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Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the investment round, Byju’s said in a note Tuesday. The company, named after its founder Byju Raveendran, has raised about $ 1 billion since January, reflecting the surge in investor interest in Indian educational technology startups as learning …
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