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BYJUS CRISIS
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...
- 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...
- Winning the subscription battle; and other top tech, startup stories this weekE-commerce industry executives say that the key to making a subscription programme work is always a large bouquet of offerings. The pricing...
- Byju Raveendran, Divya Gokulnath and Riju Ravindran to skip company's EGMByju’s in a statement said, “This EGM is procedurally invalid, contractually in contravention of our AOA (article of association) and SHA (...
- Byju's investors call for EGM on Friday to oust founder, his family membersInvestors at Byju's are calling for an extraordinary general meeting to oust founder CEO Byju Raveendran and his family members over allege...
- ED smells Fema trouble in Paytm bank; legal breather for Byju’sThe Directorate of Enforcement is probing potential violations of forex laws linked to entities using Paytm Payments Bank. More stories aro...
- Paytm-Byju’s crisis: Alphas, cowboys and the strong, silent typesTwo of the biggest names in the Indian startup world, Paytm's Vijay Shekhar Sharma and Byju's founder Byju Raveendran, face an existential ...
- 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 at war — with investors, bankruptcyByju's, in a letter, said the investors have “no voting rights to change (its) chief executive”. Byju’s top management said certain investo...
- Cash crisis induced by select investors, got 100% rights issue commitment: Byju's tells staffSuccess of rights issue will ensure sufficient operational capital to fund short-term needs from March, management says in note to employee...
- 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 ...
- Byju’s lenders win fight over loan default, control of unitLenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in...
- Byju's interest cost on term loan may jump by $50-60 million a year under new termsEdtech firm Byju's may have to pay an additional $50-60 million annually in interest on its $1.2 billion term-loan facility as part of new ...
- Byju’s lenders accused of using bogus loan-default claimsThe distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byju...
- Byju’s remits remaining PF contribution for employees after delayAccording to EPFO rules, employers or companies are mandated to deposit the PF for a particular month by the 15th of the next month.
- Shah Rukh Khan may not renew deal with Byju’sEdtech platform Byju’s, which is cutting costs after struggling to raise funds, is unlikely to renew its endorsement deal with actor Shah R...
- ‘Not all rags-to-riches stories are legitimate wins’: Hansal Mehta shares harrowing account of how he was nearly scammed by Byju’s employeesTaking to Twitter, director Hansal Mehta referred to the time he was mocked and brutally trolled for calling out the startup for its unethi...
- Infosys growing on a solid foundation, says Nandan Nilekani; Byju’s awaits entire amount from Davidson KempnerIndian tech services bellweather Infosys is not only growing on a “solid foundation” on the back of large deal wins, but is equally poised ...
- Byju’s raises $500 million in round led by Silver Lake, valuation almost $11 billionSince the lockdown, Byju’s has seen over 20 million new students start learning from its platform for free. Today, the app has over 64 mill...
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