Sources said that Pai’s family office will invest the funds in tranches, depending on the response of other shareholders and the achievement of certain targets
Pai and the Aakash management also plan to float a larger funding round by mid-2026, and will be looking to tap into private equity investors
Meanwhile, Pai’s Manipal Education and Medical Group (MEMG) yesterday formally entered the race to acquire troubled edtech startup BYJU’S and submitted an EoI
Ranjan Pai’s family office reportedly plans to…

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