CURRENT AFFAIRS

Detailed explanation-1: -This partnership aimed to foster a quality learning experience through tech-driven learning programs, which will be extended to children across 112 “aspirational districts” of the country.

Detailed explanation-2: -NITI AAYOG stands for NATIONAL INSTITUTION FOR TRANSFORMING INDIA. Its function is to foster cooperative federalism through structured support initiatives and mechanisms with the States on a continuous basis, recognizing that strong States make a strong nation.

Detailed explanation-3: -It seeks to empower youth with employability skills, research temperament and subject matter expertise through high quality, accessible, equitable, accountable, and affordable education system.

Detailed explanation-4: -BYJU’S has made 20 acquisitions and 2 investments. The company has spent over $ 2.88B for the acquisitions.

Detailed explanation-5: -In October 2021, Byju’s raised $296 million as a part of its Series F round from Oxshott Venture Fund, Edelweiss Group, Verition Fund, XN Exponent Holdings, and MarketX Ventures. In March 2022, the company raised $800 million from Byju Raveendran, Sumeru Ventures, Vitruvian Partners, and BlackRock.