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BYJUS DELOITTE
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...
- NCLAT adjourns Byju’s case hearing to Oct 1On August 14, the Supreme Court revived the insolvency case against Byju's, overturning National Company Law Appellate Tribunal (NCLAT) dec...
- More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
- Byju's shareholder Prosus cites poor corporate governance for board exitInvestment firm pledges to work with other shareholders and government authorities to safeguard the long-term interests of Byju’s and its s...
- 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...
- Exclusive: Byju’s, lenders agree to alter terms of $1.2 billion loanCreditors could drop the demand for accelerated repayment; all litigations may come to an end if talks turn out to be fruitful.
- 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...
- 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...
- It’s not as bad as you think, claims Byju Raveendran, in town hall with employeesByju’s founder and chief executive Byju Raveendran addressed the edtech major’s employees in a virtual town meeting hall on Thursday, amid ...
- Things aren’t as bad as you think: Byju Raveendran tells employeesAt a townhall, Byju Raveendran says talks with term-loan lenders have taken ‘constructive turn’, Deloitte and directors left on good terms;...
- Byju’s staffers in a spot as recruiters fail to match payThree employees told ET that there is no internal communication from the management on what is happening with the business, or investors qu...
- 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...
- Board members quit as shareholding fell below minimum threshold: Byju’sBy Friday midnight, Peak XV Partners, Prosus and Chan Zuckerberg confirmed their exit from edtech’s board.
- Peak XV, Prosus and Chan Zuckerberg confirm exit from Byju’s boardA Byju’s spokesperson had called our report about the resignations entirely speculative and denied the claims.
- 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...
- Audited financial results on Sept 6, Byju’s informs debt investorsCompany may hold board meeting next week to discuss auditor's financial report for FY21 and FY22
- 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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