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Byju’s Acquires TutorVista and Edurite From Pearson

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Byju Acquires TutorVista and Edurite From Pearson,Byju buys Pearson TutorVista,Edurite,Startup Stories,Startup Stories in India,Startup News,Online education tech startup Byju,international finance corporation,byju raveendran story,education tech startup byju,best education startups

Online education tech startup, Byju’s, based in Bengaluru, acquired TutorVista and Edurite from the world’s biggest learning company Pearson, based in the UK. This partnership comes three months after Byju’s raised additional funding from Belgium based investment holding company Verlinest. The financial details of this acquisition have not been disclosed.

The partnership will be focused on expanding their international reach and creating a diverse product portfolio. In a statement, Byju Raveendran, Founder and Chief Executive of Byju’s said that the partnership will give them access to new markets when they launch their international products.

TutorVista is a pioneer in online tutoring for students across the world which also provide services such as test preparation services, help with homework, supplemental tutoring among others. They acquired Edurite, an education solutions provider in 2007. In 2009, Pearson acquired a 17% stake in TutorVista and added another 59% stake in 2011 for Rs. 577 crore. They acquired 80% stake of TutorVista in the same year and took over the remaining 20% stake in 2013.

Byju’s, valued at $ 670 million, will get a foothold in the lucrative online market of the United States with this acquisition, which amounts to 70% of TutorVista’s traffic. In 2016, Byju’s raised capital thrice from various investors. They raised about $ 75 million from Sequoia Capital and Belgian family office Sofina, $ 50 million from the Chan Zuckerberg Initiative and $15 million from the World Bank investment arm International Finance Corp. Till date, Byju’s have raised over $150 million in venture funding rounds.

Founded in 2011, Byju’s is already present in the Middle East and is looking to expand to the US, UK and South Africa along with other African and Commonwealth markets. They also boast of 8 million users and 4 lakh annual paid subscribers between the classes of IV-XII. They provided personalized learning programs for individual students based on their proficiency levels and capabilities on their app based platform.

Commenting on the acquisition the managing director of Pearson India, Deepak Mehrotra, said they were pleased a leading online education company could see the value of Edurite and TutorVistor, who are both pioneer brands in their respective spaces. He also wished them the best hoping the businesses and employees thrive under the new ownership.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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