Byju Raveendran
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"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.
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"Ready To Pay Back Lenders Before Taking A Single Rupee Out": Byju's Founder
Byju Raveendran, the founder of troubled edtech firm Byju's, on Thursday said that he is willing to pay back all the money owed to lenders if they are willing to work with him.
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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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Verified Debt Claim On Byju's Is Only Rs 20 Crore, Says Founder
Think & Learn, which owns Byju's may not have to pay any amount for the disputed USD 1.2-billion Term Loan B due the present "behaviour" of Glas Trust -- an agency which is representing US-based lenders -- Founder and CEO Byju Raveendran said.
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Auditor Suggested Backdating Reports, We Didn't Agree: Byju's CEO
Byju's audit firm BDO had suggested backdating of reports, which the company refused, and their resignation is more of optics, a top official of the edtech firm alleged on Saturday.
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Another Byju's Auditor Resigns, Firm Shares "Real Reason" Behind Exit
Grappling with several issues, Byju's has found itself in new controversy as its auditor BDO resigned with immediate effect, highlighting multiple issues with the embattled edtech firm, including significant delays in financial reporting.
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No July Salaries For Byju's Employees Yet, Founder Explains Why
Embattled edtech company Byju's is yet to pay July salaries to its thousands of employees and its Founder and CEO, Byju Raveendran, on Tuesday addressed workers, promising swift resolution despite facing several legal challenges.
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Another Setback To Byju Raveendran, Supreme Court Revives Insolvency Proceedings
The Supreme Court on Wednesday revived insolvency proceedings against Byju's by putting a previous tribunal order on hold, in a victory for US lenders that say they are owed $1 billion by the education technology company.
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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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In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
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Law Tribunal Judge Recuses From Hearing Byjus Plea Against Insolvency Proceedings
A judicial member of the National Company Law Appellate Tribunal (NCLAT), Chennai, on Monday recused himself from hearing a plea by Byju's Founder Byju Raveendran against the insolvency petition against his company, Think & Learn Private Ltd.
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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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Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.
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Byju Raveendran Failed Because He Didn't Listen To Anyone: Unacademy CEO
Byju Raveendran, Founder and Group CEO of embattled edtech firm Byju's, faced setbacks as he put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, Co-founder and CEO of Unacademy on Friday.
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Byju's, Once Valued At $22 Billion, Is Now Worth "Zero"
In what could be a shocker to many, edtech firm Byju's, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC
-
"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.
-
"Ready To Pay Back Lenders Before Taking A Single Rupee Out": Byju's Founder
Byju Raveendran, the founder of troubled edtech firm Byju's, on Thursday said that he is willing to pay back all the money owed to lenders if they are willing to work with him.
-
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.
-
Verified Debt Claim On Byju's Is Only Rs 20 Crore, Says Founder
Think & Learn, which owns Byju's may not have to pay any amount for the disputed USD 1.2-billion Term Loan B due the present "behaviour" of Glas Trust -- an agency which is representing US-based lenders -- Founder and CEO Byju Raveendran said.
-
Auditor Suggested Backdating Reports, We Didn't Agree: Byju's CEO
Byju's audit firm BDO had suggested backdating of reports, which the company refused, and their resignation is more of optics, a top official of the edtech firm alleged on Saturday.
-
Another Byju's Auditor Resigns, Firm Shares "Real Reason" Behind Exit
Grappling with several issues, Byju's has found itself in new controversy as its auditor BDO resigned with immediate effect, highlighting multiple issues with the embattled edtech firm, including significant delays in financial reporting.
-
No July Salaries For Byju's Employees Yet, Founder Explains Why
Embattled edtech company Byju's is yet to pay July salaries to its thousands of employees and its Founder and CEO, Byju Raveendran, on Tuesday addressed workers, promising swift resolution despite facing several legal challenges.
-
Another Setback To Byju Raveendran, Supreme Court Revives Insolvency Proceedings
The Supreme Court on Wednesday revived insolvency proceedings against Byju's by putting a previous tribunal order on hold, in a victory for US lenders that say they are owed $1 billion by the education technology company.
-
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.
-
In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
-
Law Tribunal Judge Recuses From Hearing Byjus Plea Against Insolvency Proceedings
A judicial member of the National Company Law Appellate Tribunal (NCLAT), Chennai, on Monday recused himself from hearing a plea by Byju's Founder Byju Raveendran against the insolvency petition against his company, Think & Learn Private Ltd.
-
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.
-
Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.
-
Byju Raveendran Failed Because He Didn't Listen To Anyone: Unacademy CEO
Byju Raveendran, Founder and Group CEO of embattled edtech firm Byju's, faced setbacks as he put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, Co-founder and CEO of Unacademy on Friday.
-
Byju's, Once Valued At $22 Billion, Is Now Worth "Zero"
In what could be a shocker to many, edtech firm Byju's, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC
