the beleaguered edtech startup BJYU’S has given a repayment plan to its lenders. The education technology firm has promised to repay its whole $1.2 billion term loan in less than six months.

Dr. Ranjan Pai, the Chairman of Manipal Group is being seen as a rescuer, for Aakash, an ed-tech company owned by Byjus that is currently facing difficulties. As an investor in Byjus Dr. Pai’s family office is in talks to invest, around $90 million, which would greatly assist the struggling giant and provide some much-needed relief.

One of the three non-promoter directors on Byju’s board who left in June hasn’t previously discussed his or her reasons for doing so. Following the resignations of three of BYJU’S

TalentSprint, an ed-tech startup, was bought in November 2020 by NSE Academy, a wholly-owned subsidiary of the National Stock Exchange. Since the acquisition, the Hyderabad-based company has performed admirably, surpassing the Rs 100 crore revenue mark in FY23.

An agency suing Alpha Inc on behalf of lenders who are owed $1.2 billion has filed the complaint. The defendants named in the lawsuit are BYJU’S Alpha, Tangible Play, Inc.,

The edtech company NxtWave announced on Tuesday that Greater Pacific Capital, a private equity firm, had led its most recent investment round, which brought in $33 million (or around Rs