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Investors take a harder look at Indian edtech deals amid Byju’s troubles – Moneycontrol

Investors take a harder look at Indian edtech deals amid Byju’s troubles – Moneycontrol

 

While upskilling edtechs continue to attract some interest, investors appear to be cautious on the K-12 edtech sectorNikhil Patwardhan & Mansi VermaBengaluru/Mumbai / August 23, 2023 / 08:57 AM ISTByju’s revival will be crucial for green shoots to emerge in India’s edtech sectorIn 2016, private equity giant General Atlantic passed an opportunity to invest in Byju’s at a valuation of about $400 million, due to a revenue-valuation mismatch.But in the subsequent years, Byju’s benefitted from a growing number of internet users and increasing comfort with online learning, and it started seeing a rapid growth trajectory. Consequently, Byju’s revenue surged significantly, surpassing… 

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