Aakash

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The deal comes in the form of an unsecured loan with an interest rate of 7.50% per annum, Moneycontrol reported.

The audited financial results of Byju’s are going to be announced in the next 10 days.

Even with a slew of recent acquisitions, the Indian edtech giant is eyeing overall profitability by March 2022. But will it succeed?

Following the acquisition, Impartus will operate as a unit of upGrad and will rebrand as upGrad Campus.

The new Indian edtech firm is expected to offer a mix of programs for professionals and higher education aspirants.

The deal will give Blackstone Group and Aakash’s founders a minority stake in Byju’s at a valuation of US$13 billion.

The $4 smartphone launch might be a marketing gimmick to catapult into the limelight by a new brand and capture a pie of the Indian smartphone market.

DataWind, contracted by the Indian government to produce very low-cost tablets for school students, has raised US$28 million through an IPO in Canada.

One of India’s emerging IT firms Happiest Minds Technologies has shown keen interest in UK-based Datawind’s UbiSlate tablet by entering into a strategic agreement to build an app store. Under the pact, the Bangalore based