Byju Raveendran says his edtech startup Byju's, once worth $22 billion, is now 'worth zero'
Oct 18, 2024, at 09:06 pm
Bengaluru/IBNS: Byju Raveendran, founder of the troubled edtech company Byju’s, admitted on Thursday that he had made several mistakes, including misjudging market conditions and overestimating the company's growth potential.
Supreme Court slams NCLAT for closing Byju's insolvency case after settlement with BCCI
Sep 26, 2024, at 06:27 am
New Delhi: The Supreme Court on Wednesday raised concerns over the National Company Law Appellate Tribunal’s (NCLAT) decision to close insolvency proceedings against ed-tech giant Byju’s following its approval of a Rs 158.9 crore settlement with the Board of Control for Cricket in India (BCCI), according to a media report.
Byju's reaches settlement with BCCI, Riju Raveendran to pay the dues: Report
Jul 31, 2024, at 09:54 pm
Bengaluru: Byju's founder, Byju Raveendran, and the Board of Control for Cricket in India (BCCI) have settled their dispute over outstanding payments, media reports said.
Byju's will shutdown completely if insolvency proceeds, says Byju's Raveendran: Report
Jul 20, 2024, at 05:48 am
New Delhi: Insolvency proceedings against Byju's, once India’s largest startup with a valuation of $22 billion, could lead to mass employee layoffs and a complete halt of its services, Reuters reported, citing a court filing by its CEO.
NCLT warns Byju's to pay salaries to workers or face an audit
Jul 05, 2024, at 06:49 am
Bengaluru: The National Company Law Tribunal (NCLT) has directed Byju's to pay its employees' salaries, whether or not the company has access to funds raised through its rights issue, media reported.
Education startup Unacademy lays off 250 employees in fresh round
Jul 03, 2024, at 06:57 am
Bengaluru: SoftBank-backed edtech startup Unacademy has laid off 250 employees in a new round of company-wide layoffs, media reported.
Byju's exploring out-of-court settlements with two of its creditors: Report
May 29, 2024, at 01:58 am
New Delhi: Troubled ed-tech firm Byju's is looking into out-of-court settlements with two of its creditors, Teleperformance and Surfer Technologies, the National Company Law Tribunal (NCLT) was informed on Tuesday, media reported.
Byju's gets 3 NCLT notices over non-payment of dues: Report
May 22, 2024, at 10:28 pm
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases related to unpaid dues to operational creditors, media reports said.
Apr 03, 2024, at 05:01 am
Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.
Byju's claims resolutions passed at EGM to remove founder invalid
Feb 24, 2024, at 07:16 am
Bengaluru: Ahead of the results of the voting to remove Byju's founder and CEO Byju Raveendran during an extraordinary general meeting (EGM), the ed-tech company claimed in a statement to the media that the decisions made by shareholders are null and void.
Shareholders pass resolution to oust Byju Raveendran-led management at EGM
Feb 24, 2024, at 05:34 am
Bengaluru: A consortium of prominent investors including Prosus, General Atlantic, and Peak XV on Friday made the decision to remove Chief Executive Officer (CEO) Byju Raveendran from his position at the helm of the edtech company Byju's, media reported.
BCCI files case against Byju's with NCLT
Nov 29, 2023, at 04:35 am
New Delhi: Troubled ed-tech company Byju’s is facing fresh challenges as the Board of Control for Cricket in India (BCCI) has dragged the firm to the National Company Law Tribunal, the adjudicator’s website says.
Trouble edtech startup Byju's reports Rs 2,250 cr loss in its delayed financial results
Nov 05, 2023, at 09:26 pm
Bengaluru: Education startup Byju's finally released its financial results on Saturday, after several delays. The results revealed that its parent company, Think & Learn Pvt., reported a slight reduction in losses, despite a surge in business during the pandemic.
Oct 25, 2023, at 03:22 am
Mumbai: Ajay Goel, who served as the CFO of troubled edu-startup Byju's, has resigned just half a year after joining the company, media reports said.
Byju's appoints company veteran Arjun Mohan CEO of India ops
Sep 21, 2023, at 05:46 am
Bengaluru: Edtech company Byju's has appointed long-standing company member Arjun Mohan as the CEO of its India operations, succeeding Mrinal Mohit.
Byju's likely to secure $1 billion in funding amid funding winter: Report
May 10, 2023, at 05:35 am
Bengaluru: Ed-tech firm Byju's is preparing to secure a substantial funding round of $1 billion through a combination of equity and structured instruments, Moneycontrol reported.
BYJU's cuts off 1,000 more jobs: Report
Feb 03, 2023, at 02:26 am
Bengaluru: Ed-tech company BYJU’s laid off 1,000 more employees in a fresh round of layoffs, media reports said.
BYJU's said to seek easier payment terms for its $1.2 billion loan: Report
Dec 08, 2022, at 08:52 pm
Mumbai: India’s most valuable startup BYJU's is seeking to restructure a $1.2 billion loan amid financial losses and cost-cutting measures, Bloomberg reported.
BYJU’S FY 22 growth intensifies, clocks gross revenues of nearly Rs 10,000 cr
Sep 15, 2022, at 09:33 pm
Bengaluru: Ed-tech company BYJU’s has registered nearly Rs 10,000 crore in gross revenues in FY 22 and its K-12 education business is showing accelerated growth. Between April - July 2022, the company logged a revenue of Rs 4530 crore.
Byju's delays payment schedule for Akash deal: Report
Jun 29, 2022, at 09:35 pm
Ed-tech company Byju's has sought an extension for the payment to Aakash Educational Services Ltd (AESL), which it had taken over in a cash and stock deal, media reports said.
Exprto raises Rs 5 crores in seed funding from GSF, Angel List USA, Agility Ventures and others
Jun 10, 2022, at 09:32 pm
New Delhi: EdTech startup Exprto has raised Rs 5 crores in a seed round led by GSF and Angel List USA.
Edtech startup Physics Wallah enters unicorn club
Jun 09, 2022, at 08:40 pm
Bengaluru: Edtech company Physics Wallah is the latest online education venture to enter the unicorn club after it raised $100 million in its first ever funding round led by WestBridge Capital and GSV Ventures, media reports said.
GENLEAP launches DNA-based self-discovery, upskilling and employability platform
Nov 19, 2021, at 04:43 am
New Delhi/IBNS: The Gurugram-based edtech and human resource technology company GENLEAP launched an upskilling and employability platform Thursday.
Bootstrap edtech company uFaber plans business expansion riding on 2020 success
May 06, 2021, at 03:28 am
Mumbai/IBNS: Bootstrap edtech startup uFaber recently announced it will be hiring 1000 work from home (WFH) professionals in the next six-months.