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BYJUS LAYOFFS 2022
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.- Worst of layoffs likely over, startups hand out fewer pink slips in H1Startups cut about 11,250 jobs during the January-June period this year, compared with 21,000 in the first half of 2023 and 15,000 in the s...
- In a messy spot, Byju's puts footballer Lionel Messi deal on holdByju's signed a three-year deal with Lionel Messi in 2022 to get him on board as its global brand ambassador for an 'education for all' cam...
- Byju's faces legal battle with BCCI over sponsorship terminationThe complaint has been registered to the Bengaluru bench of the National Company Law Tribunal (NCLT). To further decide on the case, judges...
- 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...
- WhiteHat Jr CEO Ananya Tripathi leaves in another top-level exit at Byju’sTripathi was one of at least five business vertical heads who reported to Mrinal Mohit, Byju’s India business head. Four of them, including...
- Three business heads quit as Byju’s rejigs verticalsTroubled edtech major Byju's on Tuesday announced that it has undertaken restructuring of businesses and verticals, including consolidation...
- More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
- Peak XV, Prosus and Chan Zuckerberg confirm exit from Byju’s boardA Byju’s spokesperson had called our report about the resignations entirely speculative and denied the claims.
- Byju’s begins another round of layoffs; to impact 500-1,000 employeesThe fresh set of layoffs at Byju's is expected to impact employees across marketing, sales, business development as well as product and tec...
- BlackRock marks down Byju’s valuation again to $8.2 billionEarlier in February, the fund manager had cut the value of its investment in Byju’s to about $11 billion. The edtech firm’s other marquee i...
- Byju’s under fire: our top stories covering controversies surrounding the edtech majorByju’s, Indian highest-valued startup, had a torrid 2022 thanks to a series of controversies over its financials, unpaid loans, governance ...
- BlackRock, Invesco mark down Byju’s, Swiggy holdings as tech valuations correctWhile BlackRock has slashed Byju’s valuation by nearly 50%, Invesco has cut Swiggy’s stake value by over 23%.
- Byju’s in talks to raise $500 million from TPG, sovereign funds: reportThe negotiations are ongoing and it's unclear if the prospective investors will go ahead with the deal, a Bloomberg report said.
- Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...
- 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 ...
- 2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
- Swiggy, PayU seeing strong growth, says Prosus; Sebi move jolts fund industryProsus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and pa...
- Byju’s CEO emails sorry to staff for not so ‘smooth’ layoffsByju Raveendran also acknowledged in his internal e-mail that the process was “not as smooth” as the company intended. ET has reviewed a co...
- Byju's pushes back payments for billion-dollar Aakash deal“WhiteHat Jr is focused on providing quality education to young students while continuing to build a strong business. To realign with our b...
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