AIDASH

The company says the buyback, which comes on the back of its $58.5 million series C funding round, underscores its commitment to shared wealth creation.

Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash—one of the few remaining valuable assets of troubled edtech Byju’s. This and more in today’s ETtech Morning Dispatch.

AiDash said it will use the newly raised funds to nearly double its team strength to over 600 members, expand internationally and establish its headquarters in Europe.

If approved by regulators, the deal would mark the biggest consolidation in the sector, we wrote at the time. Now, sources tell us India’s competition watchdog is seeking more information on the deal before clearing it.

A year and a half after the hugely popular PUBG Mobile was banned in India and seven months after Battlegrounds Mobile India took its place, South Korea’s Krafton, the company behind the PUBG franchise, told us it sees India as its hub for expanding...