Byju Crisis
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Byju's Says US Court Rejection To Lenders A "Win" For "Turnaround Efforts"
Byju's said on Thursday that a US court has shunned its lenders' attempts to block its settlement with the cricket board, calling it a "win" for its "turnaround efforts" in the country where it was once valued at $22 billion.
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Byju's Founder Faces Reckoning As Company's Valuation Drops To $2 Billion
Byju Raveendran, the mathematics whiz who soared from teacher to startup billionaire before his education technology company imploded this year, now faces his biggest test.
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2 Byju's Advisory Board Members "Mutually Decide" To Step Down Amid Crisis
Embattled edtech firm Byju's on Sunday said its two senior advisory board members - Rajnish Kumar and Mohandas Pai - have decided not to renew the contractual agreement scheduled to end on June 30.
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Crisis-Hit Byju's Pays Full April Salary, Except To Sales Employees
Embattled edtech platform Byju's has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis.
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Byju's Shuts All Offices Except HQ, Asks 14,000 Employees To WFH: Report
Edtech firm Byju's has asked about its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid a cash crunch.
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Amid Dispute With Investors, Byju Raveendran Says Can't Pay Salaries
Amidst the ongoing financial crisis in Byju's, company CEO Byju Raveendran on Saturday said that the edtech firm will not be able to pay the salaries of its employees.
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Byju's Investors To Meet Today To Decide CEO's Future, But There's A Catch
The fate of Byju Raveendran, founder and CEO of ed-tech giant Byju's, hangs in the balance as an extraordinary general meeting (EGM) of its investors is scheduled to take place today.
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Byju's Founder, Fighting Free Fall After Rapid Rise, Has A New Problem
In more trouble for edtech giant Byju's, the Enforcement Directorate has barred its founder Byju Raveendran from travelling outside the country.
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Byju's Billionaire Founder Gets Court Relief In Fight Against Shareholders
Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.
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What Went Wrong With Byju's, Which Was Once Valued At $22 Billion
Byju's, run by billionaire CEO Byju Raveendran, was the poster child of India's startup ecosystem. But in the last year, the company's valuation has seen a sharp decline with several of the company's investors now calling for leadership change.
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Byju's US Unit Files For Bankruptcy Protection
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.
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Byju's Shareholders Call For Ousting Founders, Change In Leadership
A group of shareholders of education technology firm Byju's, including tech investor Prosus, are seeking to oust the company's founders and force a change of leadership as the once popular startup struggles to overcome a series of crises.
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Unable To Pay Salaries, Byju's Founder Takes Loan Against His Home: Report
Byju Raveendran, the eponymous founder of edtech titan Byju's, has pledged his home as well as those owned by his family members to raise money for paying employees as the company battles a cash crunch.
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Byju's In Process To Raise Rs 700 Crore To Fund Operations: Report
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources.
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Byju's Asked To Pay Rs 9,000 Crore For Violating Foreign Funding Laws
The Enforcement Directorate (ED) has issued a notice to edtech major Byju's, asking it to pay Rs 9,000 crore for allegedly violating foreign funding laws, sources have said. The company has, however, denied receiving any such communication
-
Byju's Says US Court Rejection To Lenders A "Win" For "Turnaround Efforts"
Byju's said on Thursday that a US court has shunned its lenders' attempts to block its settlement with the cricket board, calling it a "win" for its "turnaround efforts" in the country where it was once valued at $22 billion.
-
Byju's Founder Faces Reckoning As Company's Valuation Drops To $2 Billion
Byju Raveendran, the mathematics whiz who soared from teacher to startup billionaire before his education technology company imploded this year, now faces his biggest test.
-
2 Byju's Advisory Board Members "Mutually Decide" To Step Down Amid Crisis
Embattled edtech firm Byju's on Sunday said its two senior advisory board members - Rajnish Kumar and Mohandas Pai - have decided not to renew the contractual agreement scheduled to end on June 30.
-
Crisis-Hit Byju's Pays Full April Salary, Except To Sales Employees
Embattled edtech platform Byju's has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis.
-
Byju's Shuts All Offices Except HQ, Asks 14,000 Employees To WFH: Report
Edtech firm Byju's has asked about its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid a cash crunch.
-
Amid Dispute With Investors, Byju Raveendran Says Can't Pay Salaries
Amidst the ongoing financial crisis in Byju's, company CEO Byju Raveendran on Saturday said that the edtech firm will not be able to pay the salaries of its employees.
-
Byju's Investors To Meet Today To Decide CEO's Future, But There's A Catch
The fate of Byju Raveendran, founder and CEO of ed-tech giant Byju's, hangs in the balance as an extraordinary general meeting (EGM) of its investors is scheduled to take place today.
-
Byju's Founder, Fighting Free Fall After Rapid Rise, Has A New Problem
In more trouble for edtech giant Byju's, the Enforcement Directorate has barred its founder Byju Raveendran from travelling outside the country.
-
Byju's Billionaire Founder Gets Court Relief In Fight Against Shareholders
Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.
-
What Went Wrong With Byju's, Which Was Once Valued At $22 Billion
Byju's, run by billionaire CEO Byju Raveendran, was the poster child of India's startup ecosystem. But in the last year, the company's valuation has seen a sharp decline with several of the company's investors now calling for leadership change.
-
Byju's US Unit Files For Bankruptcy Protection
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.
-
Byju's Shareholders Call For Ousting Founders, Change In Leadership
A group of shareholders of education technology firm Byju's, including tech investor Prosus, are seeking to oust the company's founders and force a change of leadership as the once popular startup struggles to overcome a series of crises.
-
Unable To Pay Salaries, Byju's Founder Takes Loan Against His Home: Report
Byju Raveendran, the eponymous founder of edtech titan Byju's, has pledged his home as well as those owned by his family members to raise money for paying employees as the company battles a cash crunch.
-
Byju's In Process To Raise Rs 700 Crore To Fund Operations: Report
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources.
-
Byju's Asked To Pay Rs 9,000 Crore For Violating Foreign Funding Laws
The Enforcement Directorate (ED) has issued a notice to edtech major Byju's, asking it to pay Rs 9,000 crore for allegedly violating foreign funding laws, sources have said. The company has, however, denied receiving any such communication
