BYJU buys Aakash, Alkami plans $2B IPO

Business News/Technology : Indian online learning giant BYJU’s has acquired New Delhi-based Aakash, a provider of tutoring and exam prep, in a deal reportedly valued at nearly $1 billion. In other news, Plano, Texas-based banking software provider Alkami is seeking a valuation of around $2 billion for its IPO.

BYJU buys Aakash, Alkami plans $2B IPO

Byju’s is an Indian multinational educational technology company headquartered in Bengaluru, Karnataka. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. Byju's is the world’s most valuable education technology company.

Molecular engineering company Scribe Therapeutics closed on $100 million in a Series B financing led by Avoro Ventures and Avoro Capital Advisors. The Alameda, California-based company, co-founded by Nobel laureate Jennifer Doudna, will use the funds to further develop its “CRISPR by design” platform and advance its pipeline of genetic treatments.

BrightPlan, a startup building a financial wellness platform for employers, closed on $9.5 million in a Series A round led by the Fremont Group and The Cynosure Group. The San Jose-based company develops tools that integrate with employer benefits to provide insights into an employee’s financial standing and life goals.

[Source :Crunchbase]