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Byju’s continues the relentless pursuit of its American dream



Byju’s, the edtech behemoth, has raised an additional $296 million in investment. Till date in 2021, the corporation has raised $1.29 billion. The most recent tranche is a part of Oxshott Venture Fund’s continuing Series F financing. A total of five other investors took part in the round. Byju’s, which has been around for a decade, is issuing 77,2174 Series F compulsory convertible cumulative preference shares (CCPS) at a premium of 2,85,062. 

Amount in Series FInvestorsMonth
$460 millionMC Global Edtech Investments Holdings, B Capital, TIGA India, TCDS India, Arison HoldingsMarch
$350 millionUBS Group, Zoom founder Eric Yuan, Blackstone, Abu Dhabi sovereign fund ADQ and Phoenix Rising–Beacon HoldingsJune
$50 millionIFFL, Maitri EdtechJune
$150 millionAsmaan Venture, Mirae Asset and ARK NcoreAugust
$296 million Oxshott Venture Fund, Edelweiss, IIFL, Verition Fund, XN Exponent HoldingsSeptember
Oxshott Venture Fund₹1,200 Crore
Edelweiss₹345 Crore
IIFL₹111 Crore
Verition Fund₹147 Crore
XN Exponent Holdings₹150 Crore

The news comes shortly after Byju’s raised $150 million at a $16.8 billion value.

Byju’s is the world’s most valuable edtech startup, founded in 2011 by Byju Raveendran and Divya Gokulnath. Until this year, the company’s operations were primarily located in India. It planned to expand internationally after onboarding 100 million members in the United States. Its most recent investment is likely to be the first in a multibillion-dollar round.

In order to fuel its international expansion and reinforce its core activities, Byju’s has purchased approximately one startup every month in 2021. In the next three to four years, international markets will account for a third of the company’s sales. Byju’s worldwide market would be dominated by the United States.

Why concentrate on the American market?

Byju’s intends to concentrate on the American market, which is the largest in terms of edtech outside of India. The fact that the majority of their items are available in English will be an added benefit. Byju’s has bought Epic, Tynker, and Whodat, all of which are based in the United States, as well as Great Learning, which is based in Singapore. 

Byju’s is focused on getting a slice of this American pie, and it will be interesting to see how its plans play out in the months and years to come. 

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Facebook to rebrand the company ‘Metaverse’




Facebook is the world’s largest, and arguably most influential, social media platform, with more than 2.8 billion monthly active users and a net worth as of now of $1 trillion.

It’s safe to say that the majority of our lives rely on Facebook. Recently, Facebook, the parent company of Instagram and WhatsApp, hit the headlines when it went dark for six hours, causing havoc all over the world.

According to a report by The Verge, Facebook is planning to rebrand the company with a new name to focus on building the metaverse. Metaverse, as the term suggests, is a virtual-reality space in which users can interact with a computer-generated environment and other users.

According to the report, CEO Mark Zuckerberg will reveal the company’s new name on October 28 at the annual Connect conference, but it could be announced sooner.

Facebook, which aspires to be renowned for more than just social networking, revealed on Sunday that it will hire 10,000 people in Europe over the next five years to help construct the metaverse, which the corporation regards as critical to its long-term success.

In July, Zuckerberg said that Facebook’s future lies in the virtual metaverse, in which users will live, work and play inside.

Facebook already has more than 10,000 employees who build consumer hardware like AR glasses that Zuckerberg believes will be as ubiquitous as smartphones.

The company wants to be known as much more than a “social media” company, and is promising to change the way humanity interacts.

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One to lookout for: Rakesh Jhunjhunwala invests in a furniture startup!




Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffett, is an ace investor with a track record of successful investing. Many treat him as a bellwether, and look to him for guidance and inspiration when it comes to navigating the vagaries of the investing landscape. And so, it would be of interest to investors to know that India’s Big Bull has out his money where his mouth is and invested in a furniture-based startup, Arrivae.

What is Aarivae?

Founded in 2017, Arrivae is a customized full home interior solution provider that enables customers to get the house customers want. From designing the finest homes by some of the finest architects and interior designers to material supplied by some of the most credible vendors. It specializes in providing practical solutions for various situations. Arrivae works in four simple steps; meeting the designer, designs made for customers, intelligent manufacturing and lastly concierge services.

Arrivae raised Rs 50 crore in its first round of external funding, backed by ace investor Rakesh Jhunjhunwala. Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11), and Ramesh S. Damani (Chairman, DMart) all participated in the fundraising round.

“At Arrivae, we’re still in the early phases of our plan to build India’s most comprehensive home renovation ecosystem. Partnerships are important to us at Arrivae because they help us build brand confidence in the ecosystem, especially among customers.” said founder Yash Kela.

Kela rounded things off by saying, “All the veterans who have participated in this round will enable more faith in the Arrivae brand.”

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The right pricing will be crucial for the launch of Zydus Cadila’s vaccine.




The destiny of Zydus Cadila’s Covid vaccine is in doubt, as the vaccine’s price appears to be delaying its introduction into the vaccination program. The business has received emergency use authorization from the FDA to inject its Covid vaccine, ZyCoV-D, to children aged 12 to 18.

Zydus Cadila, located in Ahmedabad, has imported the pharmaJet, a needle-free applicator for painless intradermal vaccine delivery. 

Each jet is responsible for delivering a specific amount of vaccination. 

As a result, a single dose is split into two shots, one for each arm. “It’s an expensive device and hence jacks up the overall price,” a government official said.

Around 20,000 dosages can be administered with the jet injector.

The government has been purchasing Covaxin at 225 per dosage and Covishield, another Covid vaccine developed in India, at 215 per dose.

The price of the Zydus Cadila vaccine, according to Health Secretary Rajesh Bhushan, will be significantly more than that of existing vaccines.

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