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BYJUS EPIC DEAL
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- SC stays Kerala HC order directing Byju’s RP, EY India chairman, Glas Trust to appearThe Supreme Court has halted contempt proceedings against Byju's resolution professional and EY India chairman. These proceedings were rela...
- Byju’s US assets Epic and Tynker sold for a songComputer science education company CodeHS has acquired Tynker for $2.2 million in cash, a significant drop from the $200 million that Byju’...
- Fire sale at Byju’s; Meesho’s pre-IPO moveTroubled edtech startup Byju’s is selling its US assets at steep losses, mandated by a US bankruptcy court. This and more in today’s ETtech...
- The downfall of India’s hot startup is wiping out US debtholdersByju's, India’s most valuable startup, faced a corporate collapse after borrowing $1.2 billion in the US. Legal issues arose when $533 mill...
- Byju’s asset sale hangs fire amid investor flare-upsUnlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along wit...
- Liquidity crisis will be addressed in 45-60 days, I’ll be the last man standing: Byju Raveendran tells senior execsRaveendran also addressed concerns from on changes in its business plans and optimisation of cost – both on people and business front – to ...
- Byju’s may have to dip into Epic sale funds to keep lights onTroubled edtech reduces notice period to 15-30 days across staff level to cut costs
- Byju’s in talks to sell US unit Epic for $400 million to JoffreThe potential sale of Epic! Creations Inc. would help Byju’s raise funds to pay down a disputed $1.2 billion term loan, people familiar wit...
- Byju's files much-delayed FY22 financials, core biz revenue at Rs 3,569 crore, losses at Rs 2,253 croreThe earnings before interest, taxes, depreciation, and amortisation-based loss of the core business was down from Rs 2,406 crore to Rs 2,25...
- Five key developments at tottering edtech Byju’sThe troubled edtech is mired in multiple issues, such as repayment of a $1.2 billion term loan, and is the subject of a government probe.
- Chaudhry may return as Aakash CEO, nears stock-swap deal with Byju’sChaudhry served as the CEO till November 2020 as part of the founding family that ran Aakash Institute independently.
- Manipal group's Ranjan Pai likely to invest $250-300 million in Byju's subsidiary Aakash InstituteThe initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.
- Byju’s creditors onboard Kroll to ‘safeguard’ assets including Great LearningThe appointment was made on behalf of the secured creditors of Byju’s Alpha, as part of the lenders’ exercise of their security rights foll...
- Byju’s puts Epic, Great Learning on sale to clear $1.2 billion loanByju’s has been working with bankers to sell the two assets to strategic investors and the sources told us it has garnered some interest. S...
- Byju’s spends $2 billion for acquisitions over six months, adds Great Learning, Toppr to listByju’s still has cash of $1 billion after financing these acquisitions and that capital will be used as investment to scale these new platf...
- Byju's acquires US edtech firm Epic in $500-million dealByju's Epic acquisition is part of its overseas expansion plans, wherein it expects to generate annual revenue of $300 million this financi...
- Byju’s-owned Great Learning acquires Northwest Executive Learning in $100 million dealFounded in 2015, Northwest Executive Education offers programmes in management, leadership, technology, healthcare, innovation and other in...
- Byju’s buys coding site Tynker to beef up US expansionByju's has now acquired three edtech startups in the US—Epic and Osmo and now Tynker. All three acquisitions map back to its goal of invest...
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