Facing insolvency, Byju's hit with new challenge from lendersByju's CEO Byju Raveendran wants the insolvency quashed as his cofounder brother decided to pay the cricket board, settling the matter. Rav...
02 Aug, 2024, 12.21 PM IST
Byju's founder Byju Raveendran faces reckoning as startup implodesPotential insolvency is a dramatic turn of events for an entrepreneur described by one person who has worked with him as an extremely passi...
22 Jul, 2024, 07.57 AM IST
Byju's faces total shutdown if insolvency proceeds: CEO Byju RaveendranByju's, valued at $22 billion, may shut down due to insolvency, stated CEO Raveendran. Byju's, backed by investors like Prosus and General ...
19 Jul, 2024, 06.30 PM IST
Explainer: How Byju's went from startup star to facing insolvencyByju’s faces insolvency following a $19 million dispute with the Indian cricket board. Shareholders allege mismanagement. Prosus wrote off ...
17 Jul, 2024, 09.37 AM IST
Prosus stake in Byju’s worth zero: HSBCThis comes at the time of Byju's controversial $200 million right issue at 99% discount to its peak valuation of $22 billion, meaning any i...
08 Jun, 2024, 12.16 PM IST
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...
09 May, 2024, 11.19 PM IST
Exclusive: Byju’s India CEO Arjun Mohan resigns, founder Raveendran to comeback at helm of daily opsByju Raveendran's return to the top of daily affairs after nearly four years is of significance as as a group of Byju’s investors voted in ...
15 Apr, 2024, 05.15 PM IST
Byju’s arranges for alternative credit, begins March salary payoutsET had reported on April 1 that Bengaluru-based Byju's delayed salaries for workers again as amid a severe cash crunch.
09 Apr, 2024, 12.35 AM IST
Byju's investors file SC caveats on rights issueThe four investors - Prosus, Sofina SA, Peak XV Partners Investments, and General Atlantic Singapore TL Pte Ltd - have filed separate cavea...
06 Mar, 2024, 12.57 PM IST
Unable to process salaries because of investor dispute: Byju Raveendran to staffIn an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate ac...
02 Mar, 2024, 06.52 PM IST
I continue to remain CEO: Byju Raveendran to staffByju Raveendran's note comes a day after a group of investors unanimously voted to oust him as the CEO of the online education platform.
24 Feb, 2024, 09.17 PM IST
Investors move NCLT against Byju’s; file oppression, mismanagement lawsuitA group of four investors of Byju's – led by Prosus – has sought the present management to be declared as unfit to run the company and appo...
23 Feb, 2024, 01.34 PM IST
Byju's shareholders to vote on resolution to ouster CEO, family on FridayHowever, the outcome of the vote at the extraordinary general meeting (EGM) will not be applicable until March 13, when the Karnataka High ...
22 Feb, 2024, 06.18 PM IST
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 ...
09 Dec, 2023, 10.42 AM IST
Byju’s appoints Arjun Mohan as India CEO; incumbent Mrinal Mohit on way outInternally, the decision was announced on Wednesday. Mohit is leaving after spending nearly 10 years at Byju's. He was a close lieutenant o...
20 Sep, 2023, 05.38 PM IST
Byju's close to profitability, expect to resolve loan issue without court's intervention: CEOEdtech major BYJU'S is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Ra...
29 Jun, 2023, 09.19 PM IST
Byju Raveendran to focus on global business, to hand over India operations to COOThe latest development comes as edtech companies like BYJU's-run WhiteHat Jr, Unacademy, Vedantu, and Lido Learning, are at the forefront o...
03 Jun, 2022, 04.58 PM IST