Searched for
BYJUS WORK CONDITIONS
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 ...- Byju’s lays off about 500 staffers, nearly half from tuition centre businessLayoff at Byju's has hit 500 staffers, affecting Tuition Centre operations, amidst a funding crisis. Staff face delayed salaries amid NCLT ...
- Byju’s general counsel Roshan Thomas resigns from crisis-hit edtechIn a post on LinkedIn, Thomas said the decision to move on came after “careful consideration of various factors”
- Byju’s investors spell out terms for fresh funding; ecommerce orders see Black Friday spikeInvestors at Byju’s have demanded the company meet certain conditions before they invest new capital amid a deepening fund crunch.
- 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...
- For more capital, Byju’s must pass a tough testThese investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they...
- Davidson Kempner begins rejig of Aakash boardThe hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byju’s parent Think & Learn,...
- Byju’s, lenders aim to strike new pact for $1.2 billion loan by August 3A formal agreement with lenders is of considerable significance for Byju’s as its differences with the former over the $1.2 billion TLB hav...
- Dream11 bags team India jersey sponsor rights at base price of Rs 358 croreDream11 was the only serious contender in the race as Disney Star was the only other company that picked the tender document, a source told...
- 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...
- Byju's crisis plays up digital lenders’ asset quality problemA few months back the Reserve Bank of India had asked NBFCs about their exposure to the edtech sector, fearing that trouble may be brewing ...
- Amid board trouble, Byju’s promises investors September deadline for FY22 audited resultsFounder Byju Raveendran and chief financial officer Ajay Goel, along with other leadership members, briefed about 75 shareholders on Saturd...
- ED searches premises linked to Byju’s over alleged violation of forex rulesFounder Raveendran to be summoned for questioning; co says it has provided all info sought by ED
- 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 ...
- Byju’s lenders seek $200 million prepayment over restructuring $1.2 billion loanEdtech company yet to agree to the clause; lenders also want fortnightly updates on firm’s cash position. Byju’s holds $650 million in over...
- Vedanta’s Ajay Goel joins Byju’s as CFOGoel, who has worked in senior positions in firms such as Daiageo and GE, is joining Byju’s at a time when the company is in the middle of ...
- 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.
- 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 in early talks with TPG to secure $300 million fundingSources close to the company said the latest move is part of a $400-500 million round Byju's is looking to raise through convertible instru...
- Byju’s stares at tax issues as Deloitte delays audit nodEdtech firm files returns under special provision; auditor in-principle agrees to sign statements, say executive
Load More
