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Byju Raveendran says settlement near after Singapore court contempt orderByju's founder Byju Raveendran announced a settlement in principle with lenders like GLAS Trust and Qatar Investment Authority, following a...- 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 ...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- UpGrad-Unacademy deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
- Byju’s unveils key changes in sales pay structures, product pricingByju's reduced course fees by 30-40%, raised incentives by 50-100%, shifted to a pull-based sales model, and lowered annual subscription co...
- Byju’s pays part of March salaries to employees, yet to clear Feb payoutsByju's CEO covers March salaries with personal debt. Blocked rights issue, $200 million raised earlier. Investors like Prosus, General Atla...
- About 13,500 employees from Byju’s, Paytm get on job-hunting missionThe job market currently has over 6,500 active and accessible professionals from Paytm and another 7,000 from Byju’s, showed data from popu...
- Read the full text of Byju's leadership's note to employees on salary delay, rights issueByju's top management informs employees about receiving commitments for over 100% of proposed amount for rights issue. They accuse certain ...
- Byju's senior executive exits, to lead US firm Impending IncAt Impending Inc, Thomas will focus on building and scaling the product portfolio, while strengthening and growing a global talent pool.
- ETtech Recap: Five must-read stories on Byju's crisis this weekETtech brings you up to speed with all the latest developments surrounding Byju's.
- Former Byju's employee reveals she was forced to resign by edtech giant; emotional video goes viral on LinkedInA video of a former Byju’s staff tearfully revealing that the company had threatened to withhold her salary if she didn’t resign immediatel...
- Byju’s remits remaining PF contribution for employees after delayAccording to EPFO rules, employers or companies are mandated to deposit the PF for a particular month by the 15th of the next month.
- Byju’s staffers temporarily call off protest after ‘unplanned’ town hallThe virtual town hall, a 50-minute call starting around 11 am, had Mohit assure employees that the company will no longer delay variable pa...
- Byju’s staffers in a spot as recruiters fail to match payThree employees told ET that there is no internal communication from the management on what is happening with the business, or investors qu...
- Byju’s to lay off more staff in fresh cost-cutting driveThe cost correction comes right on the heels of the company skipping a quarterly interest payment of about $40 million earlier this week on...
- Byju's staff reveal harsh work conditions at edtech giantFounded in 2011, the Bengaluru-based startup launched its learning app in 2015 and soon snowballed into a multibillion-dollar behemoth - an...
- Byju’s reverses decision to close product development centre in ThiruvananthapuramCompany reiterates its commitment to Kerala, says it will pursue a growth strategy in the state
- Bengaluru employee union alleges Byju's forcing resignations; company denies claimsA Bengaluru-based union of IT sector employees has flagged “massive retrenchment” drive at the company where the company staff is being ask...
- Kerala orders probe as Byju's closes its office, sacks staffByju’s had earlier said it would “rationalise” about 5% of its 50,000-strong workforce across departments such as product, content, media a...
- Byju’s to sack up to 2,500 employees in 'rationalisation' bidA host of well-funded startups including Meesho, Cars24, and Unacademy have trimmed workforce to save capital and extend their runways amid...
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