Byju’s seeks $200 million in rights issue at 99% valuation cutByju’s, which is facing multiple crises and is in urgent need of a fresh cash infusion, is likely to price the share offering at as low as ...
30 Jan, 2024, 10.11 PM IST
Byju’s valuation below $3 billion; company facing challenges: Prosus interim CEOLate last year, Prosus said it had ceased equity accounting of Byju’s as it had lost “significant influence” over the firm after its holdin...
29 Nov, 2023, 07.13 PM IST
Byju’s lenders win fight over loan default, control of unitLenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in...
10 Nov, 2023, 08.27 AM IST
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...
06 Nov, 2023, 02.03 PM IST
Byju's CFO Ajay Goel quits in seven months, Nitin Golani to take chargeGoel to go back to Vedanta; help with big restructuring at the mining group.
24 Oct, 2023, 11.01 PM IST
Byju’s yet to receive entire Rs 2,000 crore from Davidson KempnerThink and Learn, the parent entity of Byju’s, had raised Rs 2,000 crore as a three-year loan facility from Davidson Kempner in a structured...
28 Jun, 2023, 10.02 PM IST
Lenders call Byju’s lawsuit ‘meritless’, an effort to avoid obligationsAfter filing suit against American investment management firm Redwood and its entities, Byju’s missed its quarterly interest payment of abo...
09 Jun, 2023, 11.12 PM IST
Byju’s misses $40 million loan payment, sues term loan lender RedwoodIn its suit, edtech major Byju’s sought to “disqualify” lender Redwood, which allegedly has taken on “predatory tactics”, and consistently ...
08 Jun, 2023, 08.56 AM IST
Timeline: Byju's $1.2 billion loan caseThe edtech company missed the June 5 deadline to make a quarterly interest payment of $40 million, and said it would not make any further r...
07 Jun, 2023, 12.49 AM IST
Byju’s raises debt of Rs 2,000 crore linked to future Aakash IPOThe transaction, which closed on Friday, is a three-year tenor loan facility with an equity upside linked to Aakash’s planned public listin...
13 May, 2023, 12.03 AM IST
Exclusive: Byju’s offers to pay higher interest rate on $1.2-billion loanCreditors may hike rate by 200-300 bps as debt-financing pact being reworked.
20 Mar, 2023, 06.00 AM IST
Byju Raveendran raising funds to buy back up to 15% in edtech firm: reportCurrently, Raveendran owns about 25% of the edtech startup. Discussions with shareholders and financiers are still in the early stages and ...
04 Jan, 2023, 06.22 PM IST
Byju’s picks up Rs 300-crore loan from subsidiary AakashLast week, Byju’s closed a financing round of $250 million from existing investors, including Qatar Investment Authority (QIA), which led t...
27 Oct, 2022, 09.04 PM IST
Government airs concerns over complaints against edtech companiesComplaints against Byju’s and group entities were highlighted during a discussion, as the edtech leader caters to a large student base, peo...
15 Jul, 2022, 03.08 PM IST
Byju's said to offer more than $1 billion for 2U to expand in USByju’s made the offer of about $15 a share to 2U’s board last week. The offer represents a 61% premium to 2U’s closing price of $9.30 on th...
29 Jun, 2022, 01.05 PM IST
Selling part of Byju’s stake may land Sequoia Capital $190mVC fund sold 7% of its share, one of the largest exits clocked by it in the recent past.
18 Dec, 2018, 08.32 AM IST
Byju's lessons earn Aarin Capital ten-fold returnThe firm sold a 6-7% stake in Byju’s to Silicon Valley venture capital firm Lightspeed Venture Partners, in a transaction pegged close to R...
29 Jul, 2016, 11.09 AM IST