Online tutoring platform BYJU's net losses narrow in FY2019. Global urban air mobility space prepares to take off.
Cutting Down: In the financial year ended March 2019, online tutoring platform BYJU's net loss stood at INR14.91cr, down from INR37.19cr for the same period last year. On a stand-alone accounting basis, BYJU's parent entity Think & Learn Pvt Ltd reported a net profit of INR19.63cr for FY19.
In July 2019, in its Series F funding round, BYJU's valuation surged to $5.5bn from the $3.5bn of December 2018. Deal Street Asia
Lift Off: Rising urban congestion and trailing road infrastructure has enabled conditions for urban air mobility (UAM) vehicles to take off. Today, at least 60 companies around the world are working on developing and testing passenger UAM vehicles. The goal is to commercialise the space in the next decade, with air taxis taking centre stage. Who are the early adopters, what are the opportunities, what are the challenges? Here's an analysis of the UAM sector.
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