Prosus valued its 9.67% stake in Byju’s at $578M at the end of Q3 2022, implying Byju’s total value to be $5.9B; Byju’s was valued at $22B in October 2022 (Moneycontrol)

November 24, 2022

Moneycontrol:
Prosus valued its 9.67% stake in Byju’s at $578M at the end of Q3 2022, implying Byju’s total value to be $5.9B; Byju’s was valued at $22B in October 2022 — Although Prosus’ accounting entry implies that it values Byju’s at $5.9 billion, experts say that different shareholders may value a private company differently in their books.

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Dutch e-commerce company Prosus to sell its Russian classifieds business Avito to Kismet Capital for ~$2.46B; Avito was valued at ~$6B before Russia’s invasion (Toby Sterling/Reuters)

Toby Sterling / Reuters:
Dutch e-commerce company Prosus to sell its Russian classifieds business Avito to Kismet Capital for ~$2.46B; Avito was valued at ~$6B before Russia’s invasion — Prosus (PRX.AS), the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito …

October 14, 2022

Sources: a majority of Twitter’s shareholders have voted in favor of the $44B sale to Musk, whose $54.20 per share deal looks pricey in the current environment (Svea Herbst-Bayliss/Reuters)

Svea Herbst-Bayliss / Reuters:
Sources: a majority of Twitter’s shareholders have voted in favor of the $44B sale to Musk, whose $54.20 per share deal looks pricey in the current environment — A majority of Twitter Inc’s (TWTR.N) shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk …

September 13, 2022

Simplilearn, which offers upskilling courses, bootcamps, and certifications, raised $45M led by GSV Ventures; Blackstone acquired a $250M majority stake in 2021 (Nikhil Patwardhan/Moneycontrol)

Nikhil Patwardhan / Moneycontrol:
Simplilearn, which offers upskilling courses, bootcamps, and certifications, raised $45M led by GSV Ventures; Blackstone acquired a $250M majority stake in 2021 — The higher learning edtech platform will use the funds to boost its growth plans in India and international markets

November 16, 2022

Byju’s raised $250M in new funding as the market downturn delays its IPO; a source says the valuation was $22B, the same as when it raised $800M in March 2022 (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Byju’s raised $250M in new funding as the market downturn delays its IPO; a source says the valuation was $22B, the same as when it raised $800M in March 2022 — Byju’s said it has raised $250 million in new funding from existing backers as the Indian edtech giant looks to navigate …

October 17, 2022

Meta confirms WhatsApp India head Abhijit Bose and India’s public policy head Rajiv Aggarwal have stepped down; sources say the exits are not layoff related (Vikas SN/Moneycontrol)

Vikas SN / Moneycontrol:
Meta confirms WhatsApp India head Abhijit Bose and India’s public policy head Rajiv Aggarwal have stepped down; sources say the exits are not layoff related — Shivnath Thukral, who is currently serving as the director of public policy at WhatsApp India, has been appointed the director …

November 15, 2022

India-based DotPe, which helps businesses get online, raised a $58M Series B led by Temasek, and says it will introduce digital lending to merchants (Priyanka Iyer/Moneycontrol)

Priyanka Iyer / Moneycontrol:
India-based DotPe, which helps businesses get online, raised a $58M Series B led by Temasek, and says it will introduce digital lending to merchants — The company plans to use the proceeds of the fundraise to grow its merchant base three times in the next two to three years

September 20, 2022

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