Upon consummation of this merger, the integration of JioCinema into Viacom18 has been completed; and Viacom18 has access to Rs 15,145 crore of cash for its planned growth, comprising Rs 10,839 crore contributed by RIL group entities and Rs 4,306 crore contributed by Bodhi Tree Systems
Maheshwari’s comments come at a time when SoftBank-backed edtech unicorn Unacademy is opening its offline centre in Kota. In May, Unacademy had announced its forays into offline tuition centres.
An institute that started with a table at home now has 15 buildings with a capacity of 5,000 to 25,000 students each in Kota alone. On May 1, James Murdoch and Uday Shankar-led platform Bodhi Tree Systems announced an investment of $600 million in the test prep firm.