Byjus
- Business
Byju’s pays April salary in full, except to sales employees
New Delhi: Embattled edtech platform Byju’s has paid full salary for April to employees in all functions, except sales staff, even as the company is facing a liquidity crisis. According to sources,…
- Business
Byju’s EGM on rights issue ends sans objections, dissenting investors skip meet
New Delhi: Embattled edtech company Byju’s on Friday held its extraordinary general meeting (EGM) called by the board of directors to raise the capital via the rights issue without any hassles. The…
- Business
Byju’s manages to pay some portion of salaries for 20,000 employees
New Delhi: Embattled edtech company Byju’s on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for the month of February. The company has also…
- Business
Byju’s likely to miss March 10 salary deadline for 20,000 employees as funds remain stuck
New Delhi: Embattled edtech company Byju’s is likely to miss the March 10 deadline to pay salaries for the month of February to its more than 20,000 employees as funds raised via…
- Business
Didn’t siphon off funds, $533 mn with our 100 pc non-US subsidiary: Byju’s
New Delhi: Embattled edtech company Byju’s on Tuesday said that no funds have been siphoned off and around $533 million are currently in a 100 per cent non-US subsidiary of the company.…
- Business
Byju’s rights issue to raise $200 mn fully subscribed
New Delhi: Edtech firm Byju’s rights issue to raise $200 million at a 99 per cent valuation cut has been fully subscribed. In a shareholders’ letter accessed by IANS, founder and CEO…
- Business
BYJU’s investors seek ouster of founders
New Delhi: Around six investors in Think and Learn Private Limited, which operates under BYJU’s brand, have called for an extraordinary general meeting to address issues at the edtech major and oust…
- Business
Byju’s aims to raise $200 mn via rights issue at drastic valuation cut
New Delhi: Think and Learn Private Limited (TLPL), the parent company of Byju’s, on Monday announced to raise $200 million by way of a rights issue to all its equity shareholders, in…
- Business
Byju’s seeks fresh funding at nearly $2 bn valuation: Report
New Delhi: Edtech major Byju’s is reportedly seeking new funding at around $2 billion valuation, down from its top valuation of $22 billion in early 2022. The company, which announced its audited…
- Business
Byju’s revenue reaches Rs 5,298 cr in FY22, losses surge to Rs 8,370 cr
New Delhi: The edtech major Byju’s on Tuesday announced its audited FY22 financial results after much delay, registering operating revenue of Rs 5,014 crore while losses surged to Rs 8,370 crore in…
- Business
Byju’s-onwed Aakash profit up by 82%, crosses Rs 1,400 cr revenue in FY22
New Delhi: While edtech major Byju’s has recently made headlines for all the wrong reasons, the company-owned Aakash Educational Services has saw its profit increase by 82 per cent to Rs 79.5…
- Business
Shareholders approve Byju’s FY22 audited financials
New Delhi: Edtech major Byju’s shareholders have approved the company’s audited financials for the fiscal year 2022 at its high-voltage Annual General Meeting (AGM). The AGM also cleared a resolution on reappointment…
- Business
No SFIO probe on edtech giant BYJU’s, say sources
New Delhi: There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU’S, according to sources in the Ministry of Corporate Affairs (MCA). The Registrar of Companies (ROC) Bengaluru…
- Technology
BYJU’S challenges lenders’ unrealistic terms amid contract renegotiations
New Delhi: In a determined pursuit of a fair resolution, education technology giant BYJU’S finds itself pushing back against “unrealistic and unacceptable terms” made by its US lenders of Term Loan B…
- Technology
BYJU’s to shut coding platform WhiteHat Jr, company says ‘merely optimising’ it
New Delhi: Edtech major BYJU’s is set to soon wind up coding platform WhiteHat Jr, which it acquired for $300 million, as part of restructuring and cut costs, reliable sources said on…
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