Byjus
- 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…
- Business
2023 looks another worst year for BYJU’s as its problems just don’t recede
New Delhi: As the year comes to a close, edtech platforms have hogged headlines for all the wrong reasons — from leading layoffs in the Indian startup ecosystem to shuttering several verticals…
- Sports
Byju’s allegedly owes BCCI dues, Paytm wants to sublicense title rights: Report
Mumbai: The BCCI seems to be having issues with its two main sponsors as Indian cricket team’s jersey sponsor Byju’s allegedly owes over Rs 80 crore as dues to the board while…
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