Unacademy launches 50 channels▶️ | CCI clears PayU’s $4.7 Bn deal💸 | Reliance to acquire stake in SenseHawk☀️
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Unacademy launches 50 education channels▶️
Edtech unicorn Unacademy on Monday announced the launch of 50 new education channels at an event ‘Unacademy One’ held in Bengaluru.
Few of these 50 channels are built on the existing content categories offered by Unacademy, and it also marks the ed-tech firm’s foray into newer terrains such as ‘Tick Tock Tax’– to simplify the direct and indirect tax concepts, and Life After IIT – a platform to crack JEE and discuss success stories of top Rankers.
Each channel will have the finest educators, curating and creating high-quality content for learners and aspirants pan India, the company said.
Unacademy also announced that it is partnering with GATE Academy. Unacademy Group comprises Unacademy, Graphy, Relevel and CodeChef.
CCI clears PayU’s $4.7 billion acquisition of BillDesk💸
A year after the deal was announced, the Competition Commission of India (CCI) on Monday said it has approved payments major PayU’s $4.7 billion acquisition of online payments firm BillDesk.
The PayU-BillDesk deal is pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Flipkart in 2018. This will involve the merger of the payments gateway business of two of India’s largest players.
The deal was delayed as the competition watchdog sought more information about the $4.7 billion buyout of BillDesk by PayU India.
- Revenue-based financing platform Klub on Monday announced the final close of its Aceler8 fund that will invest INR 200 Cr in consumer and SaaS businesses.
- Klassroom Edutech has raised the first tranche of $1 million from ah! Ventures, with participation from several angel networks like StartupLanes and Startup Angels Network.
- Silence Laboratories has raised $1.7 million in a seed funding round led by pi Ventures.
Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn☀️
Reliance Industries (RIL) announced that the company has entered into definitive agreements with SenseHawk Inc. (SenseHawk) for acquiring 79.4% stake of SenseHawk, through primary infusion and secondary purchase, for a total consideration of $32 million.
Founded in 2018, SenseHawk is an early-stage California-based developer of software-based management tools for the solar energy generation industry.
SenseHawk helps accelerate solar projects from planning to production by helping companies streamline processes and use automation. It provides a solar digital platform to manage the end-to-end solar asset lifecycle.
Ambani is pivoting Reliance into green energy. The company will be investing $80 billion over the next 10-15 years on renewable energy and building a new complex next to its refinery.
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