India Digest: Ranjan Pai to own 40% of Aakash; Equirus launches $25m fund

India Digest: Ranjan Pai to own 40% of Aakash; Equirus launches $25m fund

FILE PHOTO: Advertising hoardings of Byju's, an education technology company and one of India's biggest startups, pictured outside a branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

Manipal Group’s Ranjan Pai is set to get a 40% stake in BYJU’S-owned Aakash Institute, while Equirus has launched a $25-million investment vehicle to fund seed-stage tech companies.

Edited by: Joymitra Rai