Byju’s to raise $400-600 million🚀
Byju’s to raise $400-600 million🚀
Infosys launches Equinox, Oyo & Microsoft tie-up, Homelane and more.
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Byju’s to raise $400-600 million, crunch IPO timeline⏳
Edtech firm Byju’s is in talks to raise $400-600 million and speed up its IPO plans after closing the deal.
The company is discussing an IPO valuation of $40 billion to $50 billion with its bankers, but this could change, they added.
Byju’s has largely fuelled its growth with acquisitions and has spent $2 billion on four companies in just the past six months.
This acquisition spree has been fuelled by the more than $1 billion the company raised from investors last year, and the $1.5 billion or so it has already raised in 2021.
Infosys launches Equinox platform to boost clients' e-commerce sales📈
Infosys on Thursday launched ‘Equinox’ platform to help enterprises securely deliver hyper-segmented, personalized omnichannel commerce experiences for B2B and B2C buyers.
Equinox helps businesses transform their digital commerce across marketing, merchandising, e-commerce, store operations, supply chain and customer service.
Equinox is used by several leading global enterprises in retail, CPG, telecom, manufacturing, automotive and media, and helps drive $15B+ in annual eCommerce gross merchandise value, the company stated.
Hot Shorts⚡
HomeLane has raised $50 million in a Series E funding round. The fresh capital will help the home interiors firm accelerate growth to achieve its revenue target of Rs 2,500 crore by FY24.
Sea Ltd., known for its Shopee e-commerce platform that’s planning an India foray, is looking to raise $6.3 billion in a share and convertible bond sale in Southeast Asia's largest-ever capital raising.
Biotech startup immunitoAI has raised $1 million in a seed funding round led by pi Ventures.
Oyo, Microsoft tie-up for next-gen hotel tech🏩
SoftBank-backed hospitality startup Oyo has struck a multi-year alliance with Microsoft Corp. to co-develop "next-generation" travel and hospitality products.
The partnership with Microsoft will accelerate the deployment of Oyo's products, allowing it to create more impact through an integrated tech ecosystem available on the cloud, the company said.
Besides co-innovating, Oyo will also begin to shift existing workloads to Microsoft Azure, and adopt the Microsoft 365 suite for better collaboration and productivity.
Microsoft has also made a strategic equity investment in Oyo, we reported on July 30.
Tweet of the day🐥
✅ Swiggy’s former COO Vivek Sunder joins Cuemath as CEO.
✅ Amazon ties up with Kuvera, set to offer wealth management service for the first time in India.
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