Kannur, Jan 23: Four CPI(M) cadres and three BJP workers were injured in separate bomb attacks at Pottan Para Alikandy bazar near Pinarayi in the wee hours on Wednesday.
Tense situation prevailed at Pinarayi and nearby Thalassery following the attack.
Chief Minister Pinarayi Vijayan has been camping in his own village at Pinarayi to attend a family meet organized by CPI(M) for the last two days.
Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.
With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.
At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.
Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.
“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”
This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.
An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.
After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.
Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.
“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.
Mangaluru, Jul 5: A veteran politician and former union minister has repeatedly tested positive for COVID-19 in the Dakshina Kannada.
The former minister, who resides in Bantwal taluk, is said to be asymptomatic.
His wife and children have also tested positive for the coronavirus.
Meanwhile, one of the kin of the former minister said that he is undergoing treatment at a private hospital in Mangaluru. "He is asymptomatic and doing well," he said.
Mangaluru, Jun 29: A three year old child lost its life after being hit by a car at Nadupadavu village under the limits of Konaje police station on the outskirts of the city today.
The victim has been identified as Faheema (3), daughter of Farooq, a resident of Nadupadavu.
The mishap occurred when the girl ran towards the road when the car was entering a main road from an inner road.
DO NOT APPRETIATE THE PICTURE OF BLOOD SPLASH PUT IN BY THE DESIGNER !! BE SENSITIVE , COASTAL DIGEST IS EVEN FAMOUS AMONG CHILDREN WHO READ NEWS PAPER OR LEARNING TO !!!
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RSS is having factories manufacturing explosives in many places of north kerala and they distribute it RSS branchanes all over india. |Recently huge stock of explosives and weapons were seized from RSS office in kerala and one BJP leader in Mumbai. Howver, NIA has closed its eyes on these issues and not taking any serious action. Instead of catching the real terrorists NIA is busy in arresting innocents labelling them as terrorists.
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