My background: I am in the 3rd year of B.tech in Mechanical engineering. Started researching last year on how to go about prep and even got the basic NCERTs. I finished the NCERTs but i realised i wasn't disciplined enough to do it along side college so i needed to join a coaching.
I came across ByJu's online program, which is live classes+ tablet. They're charging a total of 1.13 lacs (including test series and study materials) uptil 2023. The polity classes of Sarmad Sir is so far very good, but i think i could have got the lectures online somewhere as well. They don't have one to one student-faculty interaction facility, which is a bummer, although the doubts are cleared on text.
I dont know if it is worth the money because ByJu's doesn't really have any history of selected candidates, or anybody vouching for its classes. Has somebody else taken up BJu's ? I don't want to feel that i've wasted that huge amount on nothing.
India’s Most Valuable Startup Byju’s in Talks to Go Public Via SPAC Deal:
The online education provider Byju’s, India’s most valuable startup, is in advanced discussions to go public through a merger with one of Churchill Capital’s special-purpose acquisition companies, according to people familiar with the matter.
The startup held talks with several potential SPAC partners and is farthest along in working out an agreement with Michael Klein’s Churchill Capital, said the people, asking not to be named discussing private matters. Churchill Capital VII raised more than $1.3 billion in an offering in February and trades on the New York Stock Exchange.
Under the preliminary terms discussed, Byju’s would raise a total of about $4 billion and seek a valuation of about $48 billion, the people said. The startup was valued at $21 billion, according to market research firm CB Insights.
While an announcement could come as soon as January, the negotiations are not final. Byju’s or Churchill could still opt out of such a deal, and Byju’s could consider an IPO in India next year, the people said.
The startup had earlier discussed a SPAC merger with Michael Dell’s MSD Acquisition Corp. and Altimeter Capital Management, one of the people said. India-headquartered companies can’t go public through conventional intitial public offerings in the U.S. under the country’s current regulations.
Byju’s declined to comment. Churchill didn’t immediately respond to requests for comment.
The Bangalore-headquartered company, founded and led by former teacher Byju Raveendran, provides K-12 lessons and video material to millions of Indians studying for the country’s competitive engineering and medical entrance exams. It also provides one-to-one coding, math and reading classes and material to students in countries in North America, the Middle East and Latin America.
Byju’s had been aiming to file preliminary documents for a traditional initial public offering as soon as the second quarter of 2022 and was also considering a SPAC merger, Bloomberg News reported in September. That had been an acceleration of earlier plans to go public in 12 to 24 months. The startup and its bankers had discussed a valuation of $40 billion to $50 billion, although the final determination would depend on financial results and investor demand, people familiar with the matter said a
... keep reading on reddit ➡(Unacademy or Byju's) Which is the best online platform to study for CDS and other Govt Competative exams(INDIA)?
I am a School student studying 12th. I have been using Byjus for over 5 years, but as of late the quality of teaching has gone to the fucking trash. I personally enjoyed the OG teachers but right now the teachers that take these courses just readout of the textbook. The teaching quality is horrible. Even the so-called mentors don't bother to call like they used to. I hate that I just wasted my money. For the amount that I spent I could have gotten proper coaching elsewhere.
FYI: I am using their bullshit tab course
I personally think educart is good enough but I wanna hear all of your thoughts on educart books.
Another thing, can I refer to byju's for notes, exemplars, PYQs etc? I know they have a bad reputation for being a-holes and scammers but is it fine if I take just take notes from there? Not like a class, just notes and extra questions and all...?
>Zee Entertainment Enterprises Ltd (ZEE) and Sony Pictures Entertainment (SPE) are set to sign a binding merger agreement before Christmas, within the pre-agreed 90-day exclusivity period, said people aware of the negotiations. The agreement will seek to address some of the issues raised by Invesco, especially those regarding Zee's founding family's future holdings in the merged company. But the onus will be on the investment firm to bless the deal, they said.
>Invesco, the single-largest shareholder in ZEE with a 17.88% stake, has taken the company to the courts over management control and other issues.
>ZEE CEO Punit Goenka travelled to Los Angeles last week and met the senior leadership of Sony for the first time since the two agreed to join forces on September 22. While Goenka will continue to lead the merged company as its CEO, he will be the only ZEE executive to have a board seat. Five of the nine-member board will be top Sony executives. They will include Tony Vinciquerra, chairman and CEO, Sony SPE, who might be chairman. Ravi Ahuja, chairman, Global Television Studios and SPE corporate development, and Erik Moreno, executive vice president, corporate development and M&A, SPE, are also slated to become directors, along with two Japanese executives.
Key Concern
>There will be three independent directors, of which one or two may get chosen from the current ZEE board that has been under fire from Invesco.
>"It will be a board-run company and as agreed, Sony will have a lion's share of it," said an executive aware of the discussions.
>The deal team working on behalf of the two companies is expected to address a key concern of shareholders: The mechanism by which ZEE's promoter family will be allowed to increase its shareholding from the current 3.99% to as much as 20%. The September announcement only said this will be in accordance with applicable laws, leaving room for interpretation.
>"Will this change the majority control of Sony in the merged entity? Will it involve open market purchases, warrants, or some other financial instrument? If the latter, will said instruments/warrants to the promoter family be priced so as to advantage them at the cost of ordinary shareholders," it had asked in its open letter.
>Sony will be the sole promoter of the merged entity with shareholders of Sony India owning 53% and those of ZEE holding the rest. Sony shareholders have also agreed to infuse about $1.58 billion.
... keep reading on reddit ➡
(Unacademy or Byju's) Which is the best online platform to study for CDS and other Govt Competative exams(INDIA)?
