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Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Byju’s app removed from Google Play Store due to non-paymentBut the other apps of the embattled edtech company, including Byju’s Exam Prep, which supports students preparing for competitive exams lik...
- 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...
- Macquarie slashes Byju’s valuation by 98% after Julius Baer protestThe unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the peop...
- MCA seeks fast submission of inspection report on Byju’s; company says 'complied with' govt directionsThe Ministry of Corporate Affairs (MCA) has requested a swift investigation into potential corporate governance issues at Byju's and will d...
- Govt expedites inspection of crisis-hit Byju's books amid growing troublesByju's crisis: The corporate affairs ministry expedited the inspection of Byju's books and submitted a report on Think & Learn Pvt Ltd. Tro...
- The downfall of Byju's: How the world’s most valuable learning app became a trapThe group is facing an acute liquidity crunch. Amid mass layoffs and deep losses, the former billionaire founder has sold his homes to pay ...
- Byju’s has ED trouble, as agency finds alleged forex violations of Rs 9,000 croreThe Enforcement Directorate has found FEMA violations to the tune of Rs 9,000 crore by edtech major Byjus, sources told us.
- 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...
- Baron Capital marks up Swiggy, Pine Labs valuation; almost halves Byju’s valueIn its April-June quarterly report, Baron Capital cut the valuation of Byju’s to $11.7 billion as of June 30, down 44.6% from $21.2 billion...
- MCA summons likely for directors of Byju’s parentA senior official privy to the developments told ET that the officer conducting the inquiry will also ask the directors to join the probe i...
- Former SBI chairman Rajnish Kumar, ex-Infosys CFO Mohandas Pai join Byju’s advisory councilThese appointments come after Byju’s three key investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–resigned from the board le...
- Former UpGrad CEO Arjun Mohan returns to Byju’sBefore his UpGrad stint, Arjun Mohan had spent a little over 11 years at K-12 edtech major Byju’s, where his last designation was chief bus...
- 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...
- Byju’s tests at-home one-on-one tuitions in K12Started as a pilot programme in August 2022, the edtech major has now hosted around 650 demo classes, and has about 100 teachers under this...
- 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...
- Byju’s hits pause on Shah Rukh Khan ads after son Aryan Khan’s arrestByju’s has over the last few days pulled ads featuring Shah Rukh Khan despite advance bookings after facing backlash on social media platfo...
- Byju’s puts IPO plans into overdrive, to raise $400-600 million firstByju’s could close the pre-IPO funding round in a few weeks at a valuation of about $21 billion and then seek a valuation of $40-50 billion...
- Byju’s to launch Byju’s Future School in push for overseas expansionByju's Future School, which will start off by offering maths and coding tutorials and subsequently be expanded to include science, music, e...
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