Byju Raveendran accused of trying to regain firm with hidden cash
Nov 21, 2024, at 08:23 pm
Bengaluru/IBNS: Byju Raveendran, the founder of the bankrupt Indian edtech company Byju’s, allegedly attempted to use hidden loan funds to secretly buy back a US-based software company under the control of an American trustee, according to new court filings.
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.
Aug 03, 2024, at 04:27 am
Bengaluru: The National Company Law Appellate Tribunal (NCLAT) approved the settlement reached between Byju Raveendran and the Board of Control for Cricket in India (BCCI), exempting Byju's parent company, Think and Learn, from the insolvency resolution process.
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.
BCCI in settlement talks with Byju Raveendran over outstanding payments
Jul 30, 2024, at 11:02 pm
Bengaluru: The Board of Control for Cricket in India (BCCI) informed the National Company Law Appellate Tribunal (NCLAT) on Tuesday that it is engaged in preliminary settlement discussions with Byju Raveendran to resolve a dispute with Think and Learn Private Limited, a Moneycontrol report 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.
Byju's to challenge insolvency proceedings this week
Jul 17, 2024, at 10:35 pm
Bengaluru: Education technology company Byju's will challenge insolvency proceedings initiated against it in an effort to block the process this week, as the startup, once valued at $22 billion, tries to navigate its current crisis, two sources said on Wednesday, Reuters reported.
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.
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.
Byju's founder, whose net worth was Rs. 17,545 crore a year ago, no longer a billionaire
Apr 05, 2024, at 06:04 pm
Mumbai/IBNS: Indian multinational educational technology company Byju's founder, Byju Raveendran's net worth is now zero, a year after he had Rs. 17,545 crore a year ago.
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.
American finance company approaches NCLT to initiate insolvency proceedings against Byju's
Feb 22, 2024, at 05:09 am
Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.
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.
Enforcement Directorate confirms issue of show cause notice against Byju's in FEMA violation case
Nov 22, 2023, at 04:49 am
New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.
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.
Centre directs scrutiny of Byju's books: Report
Jul 12, 2023, at 03:42 am
New Delhi: The Centre has ordered scrutiny into the accounts of education-technology company Byju’s, Bloomberg reported.
Byju's secures $250 million funding via structured instruments from Davidson Kempner: Reports
May 13, 2023, at 05:55 am
Indian ed-tech company Byju's has secured a substantial fund infusion of $250 million through structured instruments facilitated by the US-based alternative investment firm Davidson Kempner, media reports said.
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 ‘confident’ FEMA rules not violated: Report
May 01, 2023, at 12:36 am
After Saturday’s ED searches, Byju Raveendran, the CEO of educational platform Byju's, in a letter to his employees stated that the company has brought more foreign direct investment (FDI) to India than any other startup and no FEMA rules.
ED searches Byju’s office, residence over alleged FEMA violations
Apr 30, 2023, at 05:21 am
New Delhi: Directorate of Enforcement (ED) conducted searches at three locations-two business and one residential- of Raveendran Byju and his company in Bengaluru over alleged violation of the provisions of Foreign Exchange Management Act (FEMA), the probe agency said on Saturday.
Dept of Consumer Affairs reprimands Amazon and Byju’s for unfair consumer practices: Report
Feb 23, 2023, at 01:52 am
New Delhi: The Department of Consumer Affairs has reprimanded the ed-tech company Byju’s and e-commerce giant Amazon for engaging in unfair consumer practices, media reports said.
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 announces Lionel Messi as its Global Ambassador
Nov 04, 2022, at 05:27 pm
Educational technology company BYJU’S has announced Argentine football star Lionel Messi as its Global Brand Ambassador for its social initiative, Education for All.