Chaudhry family, the promoter family of Aakash, which holds about 18 percent of the company's shares, will continue to hold around 8.5 percent in the tutoring unit and receive about 1 percent of Think & Learn Pvt.'s shares at less than half of its previous $22 billion valuation, post-transaction.
While Chaudhry invested $4 million (around R.31 crore) in HONO, the startup has raised $1million more from other individual investors including Hemant Sultania, Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group. The series A funding totals $5 mn.
The entire digital offering including meritnation.com business, have been taken out from Aakash’s kitty and logged in to the Byju’s kitty. From three offerings earlier, AESL is now focusing on two, physical and hybrid
BumbleBees, a pre-primary school in Delhi, has grown from 30 to 100 kids since its inception in 2010. A break from the traditional style of learning, BumbleBees works on stimulus-driven experience to improve the quality of teaching.