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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With the US Federal Reserve indicating a rate hike as early as March and tech stocks taking a beating, the Indian edtech firm’s plan to go public may get pushed to the end of 2022 or even later.
Byju’s plan to list in the US through a special purpose acquisition company (SPAC) is yet to be sewn up.
After months of negotiations with multiple SPAC partners—including advanced-stage talks with Michael Klein’s Churchill Capital—the company has still not finalized a partner and is looking at multiple options. Three people The Morning Context spoke with said that Byju’s public listing has hit a roadblock and might not materialize soon, or this year at all.
On 16 December, Bloomberg reported that the Bengaluru-based company—India’s largest education technology company, with a valuation north of $21 billion—had discussed a SPAC merger with Michael …
