Great Learning Founders In Talks With Investors To Buy Firm Back From BYJU’S

After two years of selling the online education provider company Great Learning, the founders of the company are looking forward to buying back the company from education giant Byju’s. People who are aware of the development said the founders of Great Learning, a Singapore-based online education provider, have approached the investors in a bid to acquire the controlling stake of the company again. For the unversed, Byju bought the controlling stake in Great Learning in 2021 from its founders for $600 million in cash and stock. Now it has been almost two years since the founders of online education provider Great Learning have been out of controlling stake but they are now planning to buy back the firm from Byju’s, sources close to the development said. In case, you are scrambling to the internet regarding this development, kindly stick with this page and follow it till the end.

Great Learning

Founders Of Great Learning To Buy Controlling Stake From Byju’s

As mentioned, the founders of Great Learning sold their controlling stake to Byju’s back in 2021 for $600 million in cash and stock, Hari Krishnan Nair, Arjun Nair, and Mohan Lakhamraju, are trying to acquire it once again. The Singapore-based online education provider Great Learning was founded by Mohan Lakhamraju, Arjun Nair, and Hari Krishnan Nair, but they sold it to Byju for $600 million. Also, this deal between the founders of Great Learning and Byju included several prominent payments as well. According to the reports, the management buyback will lead the founders of Great Learning to continue to run the online education provider firm and receive equity payouts in return. Learn more about this future development in the next section. Scroll down.

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According to the reports, the founders of Great Learning are now approaching the investors to fund them to buy back Great Learning from Byju’s. To do so, the founders also have discussed several structures with the investors. As the deal between the investors and Great Learning founders has not been closed, the final structure of funding Great Learning founders and its terms and conditions, can not be explained at this time.

People familiar with the development said, “It is in the interest of the incoming investor that the founding team and the management continue. Various structures are being discussed. It will be speculative to say what the final contour would be,” This is a developing story, the official statement regarding the same will come out soon.

Amzad Khan
Amzad Khan

Hey there, guys. I am Amzad Khan. I enjoy writing on topics related to my interests in gaming and technology. My work has attracted a dedicated fan base thanks to the fresh and unexpected angle I bring to each piece.