Byju’s is holding an extraordinary general meeting Friday, where it will attempt to pass the resolution over the rights issue.
The rights issue values Byju’s under $250 million, a stunning drop from the $22 billion valuation it carried in early 2022.
Prosus Ventures, Peak XV Partners and Chan Zuckerberg Initiative are among the investors who didn’t participate in Byju’s recent $200 million rights issue.
The investors have instead sought, using legal means, to remove Raveendran and his family from the startup and to invalidate the rights issue.
The investors quit the startup’s board whereas the global auditing giant Deloitte dropped the account of Byju’s over these concerns last year.
Ingenuity, the small helicopter that’s been buzzing around the Red Planet for almost three years, has taken its final flight.
NASA announced today that at least one of the helicopter’s carbon fiber rotor blades was damaged during its last mission, grounding it for good.
As NASA Administrator Bill Nelson explained in a statement today, Ingenuity was up against the very, very thin Martian atmosphere, which is less than 1% as dense as Earth’s.
It arrived on the Red Planet attached to the underside of the Perseverance rover, which is still active on Mars’ surface.
Just last week, NASA experienced a two-day communications blackout with the little helicopter after it conducted what turned out to be its final flight.
Ingenuity, the small helicopter that’s been buzzing around the Red Planet for almost three years, has taken its final flight.
NASA announced today that at least one of the helicopter’s carbon fiber rotor blades was damaged during its last mission, grounding it for good.
As NASA Administrator Bill Nelson explained in a statement today, Ingenuity was up against the very, very thin Martian atmosphere, which is less than 1% as dense as Earth’s.
It arrived on the Red Planet attached to the underside of the Perseverance rover, which is still active on Mars’ surface.
Just last week, NASA experienced a two-day communications blackout with the little helicopter after it conducted what turned out to be its final flight.
As Brian, Mary Ann and Zack wrote earlier this week, we lost a lot of startups in 2023, but honestly, I don’t think that’s a bad thing.
Startups aren’t meant to last forever — they either evolve into a fully fledged corporation with a growth trajectory, or they cease existing altogether.
A tale of two pedalsTim Stevens did a deep dive, comparing the various driver assist systems currently on the market.
The EV free-for-all (except not free): EV fast-charging networks are bracing for a turbulent 2024 as they grapple with Tesla’s expanding Supercharger dominance.
: The New York Times is suing OpenAI and Microsoft, alleging they trained AI models on Times’ content without permission.
