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BYJUS ACCOUNT
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 ...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- 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 crisis timeline: From edtech giant to fighting legal battlesByju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding sho...
- Byju’s faces new probe over financial, accounting practicesIndian authorities have launched an investigation into Byju's financial practices, including potential misreporting and fund diversion. Thi...
- Byju’s affiliate drained cash from US units in violation of bankruptcy rules: lawsuitA lawsuit in Delaware claims that Byju Raveendran's company illegally transferred nearly $700,000 from US affiliates amid bankruptcy procee...
- ETtech Explainer: What's next for Byju's after SC stays settlement deal with BCCIByju's founder Byju Raveendran is dealing with several legal disputes, including a Rs 158 crore payment issue with the Indian cricket board...
- Byju’s challenges NCLT order restricting fund use in Karnataka High CourtByju’s faces protests from investors over $200 million rights issue conducted at 99% discount. Lenders within consortium loaned $1.2 billio...
- 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 ...
- Byju’s clears February salary in parts for some, rest get full payment after delayEmbattled edtech company Byju's on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for t...
- 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...
- Star founder Byju Raveendran broke down in tears as crises engulfed Byju’sByju Raveendran, founder and CEO of education-technology start-up Byju's, has been in crisis mode since his company was raided in late Apri...
- Government orders inspection of Byju's account booksIndia's Ministry of Corporate Affairs has ordered an inspection into the account books of embattled edtech startup Byju's, Bloomberg report...
- Delaware court spikes Byju’s TLB lenders’ plea to investigate $500 million transferDuring the hearing, the counsel representing the defendants submitted that access and control of three bank accounts that the company uses,...
- Loss of 'significant influence' over Byju's prompts accounting change by ProsusProsus, which now owns 9.67% in the edtech firm, pegs the fair value of its Byju's investment at $578 million.
- Byju’s cofounder Divya Gokulnath claims media reports on FY21 financials were misleadingTaking to LinkedIn, Gokulnath compared Byju’s results with the second biggest blockbuster of the year after the Bollywood movie Brahmastra.
- What's ailing edtech? Shriram Subramanian answers“Valuations seem to have trumped even the core business processes. At the end of the day, these companies should be increasingly seen from ...
- Byju’s audit firm Deloitte sought two key changes in FY21 financials“Revenues from streaming services (online courses), which was previously recognised fully on commencement of contract, has been adjusted to...
- Government asks Byju’s reasons for delay in filing audited accounts: reportAccording to the report, earlier this month, the Ministry of Corporate Affairs sent a letter to Byju’s parent company Think & Learn asking ...
- 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
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