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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
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Byju's Appeals Insolvency Order, Seeks Urgent Hearing: Report
Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said.
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Byju's Delays Salaries Again, Blames "Few Misguided Foreign Investors"
Embattled edtech company Byju's has informed its employees that there will "again" be a delay in disbursement of salaries.
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Byju's Seeks To Raise $1 Billion To Avoid Shareholder Revolt: Report
Byju's is in advanced talks with prospective new shareholders for a $1 billion fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran's control over the beleaguered tech startup.
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Byju's Raises $250 Million From Existing Investors in Fresh Funding Round: All Details
Byju's on Monday announced that it had raised $250 million (roughly Rs 2,100 crore) from its existing investors in a fresh round of funding. The edtech firm's investors include the Qatar Investment Authority and the latest funding comes after it announced plans to become profitable by March 2023.
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Byju’s Posts 13-Fold Widening in Losses in Delayed FY 2021 Report, Accounting Changes Detailed: Report
Byju’s on Wednesday released audited financial statements after months of delay. The Bengaluru-based company reported a 13-fold widening in losses in the year through March 2021, with net losses widening to Rs. 45.7 billion. The company also announced unaudited numbers for the year through March 2022.
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Government Warns Ed-Tech Companies Against Unfair Trade Practices
The government on Friday warned ed-tech companies against unfair trade practices in India. The consumer affairs secretary in a meeting with industry body Indian Edtech Consortium (IEC) said that stringent guidelines would need to be worked out for ensuring transparency if self-regulation does not curb the unfair trade practices in the sector. The m...
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Byju’s Lays Off 500 Workers at WhiteHat Jr, Toppr; Sacked Employees Claim Number Higher
Byju’s announced on Thursday that it has laid off less than 500 workers at WhiteHat Jr and Toppr, as part of efforts to recalibrate its business priorities and accelerate long-term growth. Meanwhile, sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone. The employees also claimed that they got a call from the company ...
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Byju’s Named as Official Sponsor of FIFA World Cup Qatar 2022
Byju’s said it has been named as an official sponsor of the FIFA World Cup Qatar 2022.
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Government Issues Advisory Against Ed-Tech Companies in India, Urges Citizens to Use Caution
The Indian government has issued an advisory to citizens urging the use of caution against ed-tech companies. The advisory comes months after reports suggesting lucrative behaviour of ed-tech companies including Byju’s surfaced online.
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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
-
Byju's Appeals Insolvency Order, Seeks Urgent Hearing: Report
Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said.
-
Byju's Delays Salaries Again, Blames "Few Misguided Foreign Investors"
Embattled edtech company Byju's has informed its employees that there will "again" be a delay in disbursement of salaries.
-
Byju's Seeks To Raise $1 Billion To Avoid Shareholder Revolt: Report
Byju's is in advanced talks with prospective new shareholders for a $1 billion fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran's control over the beleaguered tech startup.
-
Byju's Raises $250 Million From Existing Investors in Fresh Funding Round: All Details
Byju's on Monday announced that it had raised $250 million (roughly Rs 2,100 crore) from its existing investors in a fresh round of funding. The edtech firm's investors include the Qatar Investment Authority and the latest funding comes after it announced plans to become profitable by March 2023.
-
Byju’s Posts 13-Fold Widening in Losses in Delayed FY 2021 Report, Accounting Changes Detailed: Report
Byju’s on Wednesday released audited financial statements after months of delay. The Bengaluru-based company reported a 13-fold widening in losses in the year through March 2021, with net losses widening to Rs. 45.7 billion. The company also announced unaudited numbers for the year through March 2022.
-
Government Warns Ed-Tech Companies Against Unfair Trade Practices
The government on Friday warned ed-tech companies against unfair trade practices in India. The consumer affairs secretary in a meeting with industry body Indian Edtech Consortium (IEC) said that stringent guidelines would need to be worked out for ensuring transparency if self-regulation does not curb the unfair trade practices in the sector. The m...
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Byju’s Lays Off 500 Workers at WhiteHat Jr, Toppr; Sacked Employees Claim Number Higher
Byju’s announced on Thursday that it has laid off less than 500 workers at WhiteHat Jr and Toppr, as part of efforts to recalibrate its business priorities and accelerate long-term growth. Meanwhile, sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone. The employees also claimed that they got a call from the company ...
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Byju’s Named as Official Sponsor of FIFA World Cup Qatar 2022
Byju’s said it has been named as an official sponsor of the FIFA World Cup Qatar 2022.
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Government Issues Advisory Against Ed-Tech Companies in India, Urges Citizens to Use Caution
The Indian government has issued an advisory to citizens urging the use of caution against ed-tech companies. The advisory comes months after reports suggesting lucrative behaviour of ed-tech companies including Byju’s surfaced online.
