Byju's eyes acquisition of Zee learn; stock surges on reports

Byju's is buying again and the buzz this time leading to Zee group company Zee Learn. Edtech giant Byju's has already made 10 acquisitions during the pandemic to increase its K-12+ portfolio.

CNBCTV-18 reported quoting sources said India's most valued startup is eyeing majority stake in Zee Learn that is currently plagued with high debt and weakening cash flows and the problems are exacerbated by pledged promoter equity.

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Zee Learn offers education from preschool up to class 12 across India through brands like Kidzee and Mount Litera. If this acquisition is pursued and successful it would mark Byju's first formal entry into mainstream schooling. Zee Learn operates 130 schools across 110 cities.

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