Sources close to the company said Byju’s potential investors are being given two options — either they come as equity investors at a $22 billion valuation or opt for a convertible pre-initial public offering instrument with a 20% discount to an IPO valuation band.
Moonlighting refers to pursuing more than one job at a time, usually in non-work hours. While this is not a new phenomenon, remote working followed in the Indian IT sector has helped employees take up this option in larger numbers.
Company may hold board meeting next week to discuss auditor's financial report for FY21 and FY22
Talking about the up-coming festive season and Flipkart’s biggest discounting sale Big Billion Days (BBD), Badri said demand will revive and this year’s sale will be the best ever festive sale.
The telecom operator, however, denied any data breach and claimed the report was false and malicious.
The Indian SaaS market is expected to account for almost 7 to 10% of the global SaaS market, from 2-4% at present, according to EY-CII Research Report.
The Indian SaaS market is expected to account for almost 7 to 10% of the global SaaS market, from 2-4% at present, according to EY-CII Research Report.